Russia faces domestic fuel crunch, braces for more shortages

Russia, one of the world's biggest oil producers, has faced shortages of fuel crucial for gathering the harvest in some parts of...

Amid public outcry, electricity rates expected to surge by Rs1.58 per unit under FCA of July

NEPRA official said that the Sahiwal coal based plants had imported coal when prices were high at $400 per ton.
Medicines

More than 120 life-saving medicines vanish from Lahore pharmacies

There seems to be no end in sight for patients in the provincial capital as vital meds for diabetes, heart conditions, and liver disease among 120 that are unavailable. 

Oil rises on US stockpile draw and hurricane jitters

Oil prices extended gains on Wednesday after industry data showed a large draw in crude inventories in the U.S., the world's biggest...

Fuel Price Forecast: Massive oil price hike estimated for first half of September

ISLAMABAD: Already burdened masses should get ready to bear a jolt in the form of massive oil price hike as per litre...

Mounting electricity prices strain Pakistani households, businesses: FPCCI President

In a press conference held in Lahore, Irfan Iqbal Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI),...

Senate Committee lambasts IPPs for Pakistan’s electricity woes

Senate Committee wants IPPs to face the heat as capacity payments in the current fiscal year rise to Rs 1.3 trillion 

Battle for K-Electric heats up

Statement comes following both parties having declared victory in the Cayman Grand Court’s ruling about K-Electric’s board of directors 

SECP issues the first certificate of Shariah compliance to REITs. Why now? 

Signature Residency REIT and Rahat Residency REIT have been given shariah compliance certificates as the government continues to move towards an interest free financial system. 

Big electric shock of Rs 5.40 per unit hike on the cards

ISLAMABAD: The government on Wednesday asked the National Electric Power Regulatory Authority (NEPRA) to recover Rs 5.40 per unit increase in power...

Understanding K-Electric’s Cayman legal battle 

Both parties have declared the court to have ruled in their favour in round 2 of the battle over control of K-Electric 

As Afghanistan slashes coal prices again, can cement and power companies profit? 

Royalties slashed by Rs 1,060 per ton, and customs duties slashed by Rs 4,400 per ton 

General Tyres accused of evading mandatory PSQCA registration since 2016

GTR directed to immediately halt all operations involving the manufacturing, sale, and storage of tyres

Illicit cigarettes poised to outpace legitimate market share in Pakistan, industry player cautions

ISLAMABAD: With illicit cigarettes, both smuggled and counterfeit, having already secured over 40 percent of the market, industry insiders are sounding the...

Cement sector finally implements Track and Trace System

Real-time production monitoring with the system to ensure accurate tax assessment