Cement consumption falls 16.7pc in March
ISLAMABAD: As coronavirus outbreak is starting to take its toll on various sectors of the economy, the domestic consumption of cement has...
11MFY20: Medicinal imports drop 12pc to 886m
Pakistan imported $55m worth of medicinal products in May 2020, as against the imports of $74.3m in April
Afghanistan unresponsive to Pakistan’s water treaty initiative
ISLAMABAD: The government of Pakistan is continuously trying to engage the government of Afghanistan into dialogue for a possible water treaty in future...
Zong 4G upgrades its backbone transmission network to 100Gbps
KARACHI: In order to keep up with its fast-rising subscriber base, Zong 4G has successfully expanded its backbone transmission network from multiples...
Nokia set to introduce efficient 5G network chipsets in 3rd quarter of 2018
FRANKFURT: Nokia is introducing new silicon chipsets for running next-generation 5G wireless networks that promise to cut antenna size in half, triple...
Three mega LNG-based power plants fail to produce electricity: ICST
ISLAMABAD: Islamabad Chamber of Small Traders (ICST) on Thursday said three mega LNG-based power plants have failed to produce electricity despite repeated...
US allows Chevron to continue Venezuelan operations till April 22
CARACAS: The US Treasury Department on Saturday renewed a license allowing Chevron, the last US energy company operating in Venezuela, to continue...
LCCI strongly opposes increase in POL prices
The increase in petroleum prices would increase the input cost of agriculture production as high-speed diesel is being used in tractors, tube-wells, harvesters, thrashers and other agriculture machinery
Water expert says one more dam needs to be constructed on urgent basis
As water shortage and scarcity continues to create a severe impact on crop plantations, a water expert has urged the construction of one major...
Oil majors, govts haggle over sharing pain of deepest cuts yet
LONDON/MOSCOW: From Kazakhstan and Azerbaijan to Nigeria and Angola, oil majors are haggling with national governments over how to share out deep...
Opposition assails govt’s in handout of agriculture loans to Punjab
ISLAMABAD: The government was assailed by the opposition on Tuesday in the National Assembly for its alleged favourable treatment in distribution of...
Govt plans to revive PEPCO to bring DISCOs under centralised control
The federal government has decided to reactivate Pakistan Electric Power Company (PEPCO) in order to bring all the public sector power distribution...
Finance Minister chairs NEC meeting to outline steps for FATF action plan
ISLAMABAD: Finance Minister, Dr Shamshad Akhtar chaired a meeting of the National Executive Committee (NEC) here on Thursday.
NEC is a high-level body established to...
SAPM seeks US investment in LNG sector amid favourable TPA rules
Special Assistant to Prime Minister on Petroleum (SAPM) Nadeem Babar has said that Third Party Access (TPA) rules are a favourable development...
Dr Shamshad Akhtar likely to be posted Deputy Chairman Planning Commission in next govt
Various economists, bankers have also started lobbying for the post of SBP Governor: sources