Pakistan invites Iran for talks over stalled IP gas pipeline
Iran sought $1.2 billion in damages as per the penalty clause from January 1, 2015. As per the agreement, if Pakistan didn't take gas supplies from Iran, it is bound to pay a fine of $1 million per day
Oil prices retreat from 3.5 years high, as market awaits Trump decision on Iran
Brent crude futures were down 63 cents, or 0.8 percent, at $75.54, having jumped 1.7 percent to settle at $76.17 a barrel in the previous session
Govt draws up revisions in legal structure after K-Electric deal
ISLAMABAD: The incumbent government is said to have drawn up revisions in the legal structure surrounding the acquisition of Shanghai Electric of...
Foreign lenders rebuff appeal for transfer of loans to transmission line projects
The power division in its tabled summary demanded Rs9.84 billion via the issuance of sovereign guarantees to be obtained from local commercial banks for connecting new nuclear plants in Karachi to the national grid
Senate panel advises to loosen curbs on non-filers in car, property purchases
The Senate panel suggested non-filers of income tax returns to be given permission for buying or importing cars up to 1,000cc with the target to assist the middle-income group
Govt contemplating to scrap regulatory duty on dry milk imports
Bilateral trade between Pakistan and Netherlands crossed the $1.21 billion mark during 2016-17 and in July-April 2017-18 total trade volume stood at $1.54 billion
ECAP asks central bank to scrap Pakistan remittance initiative
ECAP backed the embargo enforced by the Dubai government and said it shouldn’t be reversed
CCP issues opinion on competition concerns in the sugar sector of Pakistan
Taking notice of the sugarcane procurement crisis, the CCP held an open hearing on January 25, 2018, providing a platform to all stakeholders including representatives of the federal and provincial governments, growers, millers, retailers, distributors and consumers to express their concerns.
Pakistan’s Auditor General initiates special audit of MNCs in tobacco sector
Pakistan’s Auditor General has started a forensic audit of multi-national companies (MNCs) of tobacco sector and sought necessary record from MNCs to conclude the audit within 15 days in light of Public Accounts Committee’s (PAC) directions, it has been learnt.
Engro corporation to invest $21.375 million in Siddiqsons energy
Siddiqsons Energy Limited is a special purpose vehicle (SPV) established to develop around 330 megawatts of Thar coal-fired power generation facility in Block II, district Tharparkar Sindh on a build, operate and own basis
PSX performance remained conflicting to expectations last week: Report
A Bloomberg report said KSE-100 index had been amongst the best-performing stocks in the Asia emerging market (EM) stock index but pre-election uncertainties could jeopardize the rally
Nestle to pay $7.15 billion to Starbucks in coffee tie-up
Nestle, which will take on about 500 Starbucks employees as part of the deal, says its ongoing share buyback program would remain unchanged
Pakistan struggling to setup meeting with WB over Kishanganga dam dispute
WB officials say busy schedule of their president is causing problems in setting-up a suitable time for the meeting
Circular debt in power sector threatening entire financial system: Report
Circular debt in power sector has crossed the Rs1 trillion mark
Hamdard set to introduce low-calorie, sugar-free variants of Rooh Afza
Rooh Afza constitutes 95 percent of Hamdard's exports overseas and according to Euromonitor stats from 2017 has a 60 percent share of concentrated beverage market domestically