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.
Punjab expresses worry over major water losses from Taunsa to Kotri barrage
Irsa has setup a regulations director led-committee constituting of directors from Sindh and Punjab to determine discharges at Guddu barrage and the various barrage of Pakistan and provide a report in this regard to IRSA
Pakistan averts MSCI downgrade, weight in EM index to slightly fall post China A Shares
LAHORE: Pakistan has escaped being downgraded from Morgan Stanley Capital International (MSCI) emerging market (EM) index on Tuesday after it raised the...
NA committee directs gas companies to complete development schemes
National Assembly Standing Committee on Energy has directed Gas Distribution Companies to complete Gas Development Schemes under Prime Minister’s Sustainable Development Goals (SDGs) programme within the stipulated timelines.
Basir Shamsie to helm JS Bank as President and CEO
LAHORE: JS Bank’s board of directors have appointed Basir Shamsie as the new President and CEO of the bank replacing the former...
Miftah Ismail allegedly pressurized former MD PLTL to resign
Incumbent Finance Minister Miftah Ismail has allegedly instructed Pakistan LNG Terminal Limited (PLTL) former managing director Azam Soofi to resign from his post apparently to save Pakistan Gas Port Consortium Limited (PGPCL) from a $40 million penalty.
HSBC, ING banks announce first trade finance transaction using blockchain
LONDON: Banking giants HSBC and ING on Monday said they had carried out a landmark blockchain transaction aimed at speeding up payment...
PFC to display furniture items in Mexican furniture fair
LAHORE: Pakistan Furniture Council (PFC) will display Pakistani handmade world-class traditional furniture products in the Mexican International Furniture Fair to be held...