Pakistan has fastest mobile internet speeds in South Asia: Ookla

LAHORE: Ookla, a global speed internet test index which owns Speedtest.com has rated Pakistan among the fastest in terms of average mobile...

Proposed tariff regime hasn’t eroded stock prices of SNGPL, SSGC, says: OGRA

ISLAMABAD: The proposed tariff regime for natural gas sector hasn’t eroded share prices of state-owned gas utilities Sui Northern Gas Pipelines (SNGPL)...

Government to lift furnace oil for power plants to ease “jet fuel crunch”

ISLAMABAD: The government on Monday capitulated and principally decided to lift imported and domestic furnace oil for power plants to ease jet...

Pakistan struggled to extract major gains from Chinese in JCC talks

ISLAMABAD: The recently held 7th Joint Cooperation Committee meeting of China-Pakistan Economic Corridor hasn’t brought Pakistan much joy as the Chinese sought...

Rupee closer to stability, says: SBP Governor

ISLAMABAD: State Bank of Pakistan Governor, Tariq Bajwa on Tuesday came forward on Tuesday three days after central banks decision for allowing...

7th long-term plan of CPEC to launch on December 18th

KARACHI: Planning and Interior Minister Ahsan Iqbal on Tuesday said, seventh-long term plan of China-Pakistan Economic Corridor will be launched on December...

Parliamentary panel gives govt two weeks to clear its stance on circular debt

ISLAMABAD: The Senate’s Standing Committee on Finance, Revenue, Economic Affairs and Narcotics Control Tuesday gave two-week time to the Ministry of Power...

Govt released Rs3.612 million for petroleum sector from July-November

ISLAMABAD: The government has released Rs3612.280 million for the Petroleum and Natural Resources Division under the Public-Sector Development Programme (PSDP 2017-18) during...

Pakistan’s first tariff-based auction for solar power project announced in Sindh

KARACHI: The Sindh government has announced to launch a tariff-based auction to develop a 50 megawatt (MW) solar power project in the...

North-South gas pipeline’s BOOT agreement being negotiated

ISLAMABAD: Pakistani and Russian experts are in process of holding negotiations on Build-Operate-Own-Transfer (BOOT) agreement to lay an 1100 kilometre gas pipeline...

Cabinet Committee on Energy agrees on amendments related to power tariff

ISLAMABAD: The Cabinet Committee on Energy on Tuesday decided to introduce suitable amendments in the existing policy framework to address various issues...

EETPL signs LSA with SSGC for additional gas

KARACHI: Engro Elengy Terminal Private Limited (EETPL) signed an LNG Supply Agreement (LSA) with Sui Southern Gas Company (SSGC) for the provision...

Banking sector remains sound & stable in Q3CY17: SBP

KARACHI: The Quarterly Performance Review (QPR) of the banking Sector for the quarter ended 30th September 2017, has been released by State...

Oil prices reach two-year peaks, after North Sea pipeline fault

LONDON: Oil prices jumped to their highest in more than two years on Tuesday after the shutdown of a North Sea pipeline...

Rupee continues depreciation spree for third-day running

KARACHI: The Pakistani rupee fell for a third straight session on Tuesday after the central bank withdrew its support on Friday, effectively...