Taimur Dawood resigns as CEO of Descon Oxychem
Taimur Dawood has been replaced as CEO by Imran Qureshi who has over two decades of experience in the chemical industry and has had stints with AkzoNobel and ICI
Govt approves removal of Neelum-Jhelum surcharge from COD date
The outgoing government gave go-ahead to exemption from income tax on profits and gains of prevailing businesses carried out by people in Fata and Pata for next five years
Mangla refurbishment work to complete by 2023, increase power generation by 35 percent
Pakistan’s generation capacity will stand at around 35,000MW by 2019; of which 14,000MW would be generated through GE equipment
Govt to produce 33.50mbbl oil, 1.473tcf gas in FY2018-19
The government has set an ambitious target to produce 33.50 million barrel (mbbl) crude oil and 1.473 trillion cubic feet (tcf) natural gas through indigenous resources during the year 2018-19.
JSCL eyes oil marketing business
At the close of trading on Thursday, JSCL was trading on the PSX at Rs19.18 per share, up Rs0.13 or 0.68 per cent from the start of the day with 0.14 million shares traded.
MoC finalises Trade Dispute Resolution Act 2018 draft
TDRC aims at swift and effective resolution of domestic and international trade disputes
ECC extends PM’s export package for next three years
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet, chaired by Prime Minister Shahid Khaqan Abbasi Wednesday approved the extension of Prime...
Market Daily: KSE 100 drops as political temperatures set to rise
LAHORE: The Pakistan Stock Exchange (PSX) ended a range bound session in the red. With just one more day left for the...
PML-N’s performance review contrary to claims
High fiscal slippage, falling reserves, and rising debt major threat to the economy.
Another round of urea price hike expected from June
LAHORE:Â It has been learnt that another round of escalated urea prices is expected to kick off starting June, following the federal cash...
Cost effective gas supply ensured for all consumers : PM
ISLAMABAD: Prime Minister Shahid Khaqan Abbassi has said that the government has ensured cost-effective and efficient supply of gas to all the...
Former KASB Bank sponsors submit objections to SBP
State Bank of Pakistan (SBP) used its regulatory powers under Section 47 of the Banking Companies Ordinance 1962 to merge KASB Bank with and into BankIslami Pakistan Ltd (BIPL) in May 2015 at a token price of Rs1,000 on the basis of the valuation conducted by the audit firm.
Pakistan has eight brownfield cement projects underway
China-based Sinoma is currently building a 1.9Mta plant for Bestway Cement at a cost of PKR18.9bn and about 55 percent of the work has been carried out to date
Wapda decides to acquire land for Mohmand Dam hydropower project
Originally, work on the project was slated to start in June 2012 and be concluded by September 2016 respectively
Oil prices fall amid worries Saudi Arabia, Russia could up supply
Brent crude was down 45 cent, or 0.6 percent, at $74.94 a barrel at 0325 GMT, after settling up 9 cents on Tuesday