OPEC sees oil markets tighten further even as US shale booms
LONDON: The global oil stocks surplus is close to evaporating, OPEC said on Thursday, citing healthy energy demand and its own supply...
Auto sales increase by 22pc for 9MFY18
KARACHI: Auto sales increased by 22 per cent despite a surge in car prices due to rupee devaluation for the first nine...
Assets of Islamic banks up 9.1pc
KARACHI: During the last quarter of 2017, Islamic banking industry’s assets grew 9.1 per cent (Rs189 billion) to Rs2.272 trillion, compared to Rs2.083...
World Bank set to grant $100 million loan for Sindh solar energy program
LAHORE: The World Bank is set to approve a $100 million loan in May for renewable energy generation via solar in Sindh...
Bank of China permitted to establish clearing & settlement facility
KARACHI: The Bank of China on Wednesday was granted permission by the central bank to establish a domestic Chinese yuan (CNY) clearing...
Ogra requested to expedite standardization of manganese content in petrol
ISLAMABAD: The government has been requested by Oil and Gas Regulatory Authority (OGRA) to expedite the move to finalizing standards and specifications...
Brent crude touches $72.25, as tensions over military escalation in Syria rise
SINGAPORE: Oil markets remained tense on Thursday on concerns over a military escalation in Syria, although prices remained some way off Wednesday’s...
KP endorses FWO for construction of oil pipeline
ISLAMABAD: The Khyber Pakhtunkhwa government has voiced opposition to Inter-State Gas Systems (ISGS) for laying the pipeline from Machike to Taru Jabba...
PSO, Power China in negotiations to setup a $8 billion refinery
KARACHI: The country’s leading oil marketing company Pakistan State Oil (PSO) is in negotiations with Power China to enter into a partnership...
CPEC to further enhance growing Pak-Iran relations
ISLAMABAD: The Ambassador of Pakistan to Iran Asif Durrani has said that the successful completion of China-Pakistan Economic Corridor (CPEC) would further...
Saudi Aramco signs $44 bn deal to build giant Indian refinery
NEW DELHI: Saudi Aramco on Wednesday announced a $44 billion deal to build a giant refinery complex in India with three Indian...
CDA asked to cooperate for new industrial estate in Islamabad
ISLAMABAD: PML-N senior leader and former Senator Syed Zafar Ali Shah visited the Islamabad Chamber of Commerce and Industry (ICCI) and congratulated...
PM lauded for suspending FTA talks with China
ISLAMABAD: The Pakistan Economy Watch (PEW) on Wednesday lauded the decision of Prime Minister Shahid Khaqan Abbasi to suspend the Free Trade...
South Asia should craft strategies to withstand shocks from US-China trade war
LAHORE: SAARC CCI Vice President Iftikhar Ali Malik Wednesday said in the prevailing global economic scenario, it is need of the hour...
Govt supports documented, taxpaying, tobacco industry: Haroon
ISLAMABAD: Haroon Akhtar Khan, Special Assistant to Prime Minister on Revenue has said that the entire cigarette industry can fully utilise the...