Industries to bear ten-hour power outages in Ramzan
Former APTMA chairman Ijaz Gohar said exports could nosedive by $500 million a month if the 10-hour power outages schedule got enforced
Kuwait’s Noor Financial receives offer to divest part of Meezan Bank
LAHORE: Noor Financial Investment Company (Noor) has sought State Bank of Pakistan (SBP) permission for divestment of 9.59 percent of its 49.1...
MoC urged to consult relevant stakeholders before negotiating FTAs
ISLAMABAD: Members of Senate Standing Committee on Commerce Wednesday showed their concerns that the Ministry of Commerce has not consulted relevant stakeholders before negotiating...
Pakistan’s largest refinery project contract awarded to TechnipFMC
The project will be managed and operated by a wholly-owned subsidiary, PARCO Coastal Refinery Limited (PCRL).
Govt issues tenders to export 3000-tonne rice, 5000-tonne sugar to Nigeria
Pakistan has started implementing an agreement to export 3000 metric tonnes of rice to Nigeria while 5000 metric tonne sugar will also be exported to Nigeria.
Trade dispute organisation at MoC lacks legal cover to move against delinquent firms
In the absence of a dispute resolution mechanism, number of trade disputes crosses 500
SBP governor ensures low-cost housing finance policy
The financial sector is instrumental for the national development of the country. The role of institutions contributing to this sector in various forms need to be not only highlighted; but also duly acknowledged
Pakistan LNG seeks LNG cargoes as delayed power plants come online
Delays at three new power plants had caused the company to divert shipments earlier this year and pause spot imports of the super-chilled fuel.
Audit team unlikely to submit report on tobacco MNCs before PAC on 23 May
ISLAMABAD: The Auditor General of Pakistan (AGP) is not likely to conclude the special audit of international tobacco companies operating in the...
Country needs 8pc growth to create required jobs for growing population
Pakistan’s population currently has a huge youth bulge. Almost two-thirds of the population is under the age of 16, a large proportion of which will be entering the job market in the near future.
Breaking the legacy mindset of large commercial banks
While up-and-coming players tap into new segments like mobile wallets, big players seem content with their decades-old business model that revolves around taking deposits and investing in risk-free securities.
Technical fault at Tarbela leaves several cities without electricity
Following the technical fault at Tarbela, gross production of electricity plunged to 12000 megawatts
Pakistan’s resilience to climate change is limited: Moody’s
Rising temperatures and erratic rainfall can affect productivity in agriculture and increase the vulnerability of energy production, as 33% of Pakistan’s energy supply are hydropower-driven
Oil prices fall on signs of ample supply despite OPEC cuts
Brent crude futures, the international benchmark for oil prices, were at $78.07 per barrel at 0024 GMT, down 36 cents, or 0.5 percent, from their last close
Senate passes GIDC bill 2018, paves way for recovery of Rs12 billion arrears from CNG stations
GIDC Bill had 2018 had been passed on condition that CNG station owners would be given an Rs7 billion waiver if they deposited Rs12 billion in two instalments within three months after its passing.