Oil prices hold firm, as Iran tensions keep market on edge
Brent crude oil futures were at $74.94 per barrel at 0035 GMT, up 7 cents, or 0.1 percent, from their last close
Water crunch impacts cotton production in various districts of Sindh
A drought-like situation has arisen in the districts of south-east of Sindh after the Irrigation Department decreased water flows to 3,000 cusecs from 12,000 in the Nara Canal head
WB convenes 8th round of talks with Pak, India over construction of dams
LAHORE: The World Bank (WB) has convened a meeting of the experts of India and Pakistan in Washington on May 21 and...
E&P companies to drill 90 oil, gas wells in next fiscal year
ISLAMABAD: Oil and Gas Exploration and Production (E&P) companies have planned to drill 90 wells in different areas of the country in...
RCCI to hold conference in Belgium to boost trade, improve country’s image
RAWALPINDI: Rawalpindi Chamber of Commerce and Industry (RCCI) will hold a business opportunity conference in Belgium on May 8.
The RCCI President Zahid...
Economic affairs secretary leads delegation at ADB board’s annual meeting
MANILA: The governors of the Asian Development Bank (ADB) have supported the idea of applying differentiated pricing in the bank’s regular OCR...
OGDCL injects 17 new oil, gas wells in production gathering system
ISLAMABAD: The Oil and Gas Development Company (OGDCL) has injected 17 new oil and gas wells, producing 359,267 barrels of crude oil and...
Cement industry capacity utilisation touches 95 per cent
According to data released by All Pakistan Cement Manufacturers Association (APCMA), the industry despatched 4.237 million tonnes of cement in April 2018 that was 17.46 per cent higher than the despatches of 3.576 million tonnes achieved during the corresponding month of last fiscal.
Oracle Power concentrates on formalising deals with Chinese partners for Thar project
Oracle Power PLC said it is focusing on formalising deals with its Chinese partners this year to advance its Thar coal-fire power plant in Pakistan after making progress on the project in 2017.
US military bans Huawei, ZTE phones
Personnel on US military bases can no longer buy phones and other gear manufactured by Chinese firms Huawei and ZTE after the Pentagon said the devices pose an “unacceptable” security risk.
PTA approves investment in telecom tower-sharing services company
Pakistan Telecommunication Authority (PTA) has approved edotco Pakistan's change of shareholding by way of subscription by Dawood Hercules Corporation Limited (DH Corp) of 45 per cent of the share capital of edotco Pakistan.
SBP injects Rs1,070 billion into money market
KARACHI: The State Bank of Pakistan (SBP) on Friday injected Rs1,070 billion into money market for seven days as reverse repo purchase through its...
Govt allocates Rs100bn for Diamer-Basha, Dasu dams
ISLAMABAD: State Minister for Finance Rana Muhammad Afzal Khan on Friday informed the Senate that an amount of Rs100 billion has been...
CCP fines five battery manufacturers Rs1m each
ISLAMABAD: The Competition Commission of Pakistan (CCP) has imposed a penalty of Rs1 million each on five battery manufacturers for violating section...
Pakistan moves to tax US advertising space on digital giants Google, Facebook
ISLAMABAD: Pakistan has proposed 5% tax on digital revenues, hitting US tech giants like Google, Amazon and Facebook, while also moving to bring...