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),...
CCoE gives approval for import of LNG
CCoE has instructed the petroleum division to move forward with the development of the LNG infrastructure needed to transport additional LNG from Port Qasim to Pak Land
NEPRA rejects KE’s demand, notifies new tariff of Rs12.81/KWH
KARACHI: The National Electric Power Regulatory Authority (NEPRA), while rejecting the demand of K-Electric (KEL) for the restoration of previous Multi Year...
Govt may withdraw power subsidy to industries
ISLAMABAD: The Rs3 per unit (KWh) subsidy extended to the industrial sector granted by the former Prime Minister Nawaz Sharif in 2015...
K-Electric seeks five-year extension for old power units
K-Electric intended to invest Rs1.761 billion for the rehabilitation of unit I and II, out of which an amount of Rs1.522 billion has already been spent on their maintenance
Pakistan’s foreign exchange position stable: spokesman finance division
ISLAMABAD: The Finance Division Spokesman has said that the foreign exchange position of Pakistan is stable and the news titled "Pakistan's net...
India tells Chinese guests to stay away from car show
NEW DELHI: India will press ahead with its biennial auto show this week with local staff replacing representatives of Chinese automakers that...
KE says will approach NEPRA for review of fine
KARACHI:Â Responding to the imposition on fine by National Electric Power Regulatory Authority (NEPRA), K-Electric has clarified in a statement that it was...
Market Daily: Bears out in force as PSX loses 82 points
LAHORE:Â The Pakistan Stock Exchange (PSX) had another crazy session on Friday where the indices swung violently. Bulls tried to make a strong...
US sanctions over Iran oil will ‘intensify Mideast turmoil’: China
BEIJING: China warned on Tuesday that the US decision to impose sanctions on buyers of Iranian oil will "intensify turmoil" in the...
18pc water shortfall in Kharif season expected, says IRSA
According to Indus River System Authority (IRSA), provinces will face 18% shortfall of water in the cultivation of different crops during Kharif...
KOHC posts 21pc QoQ growth in PAT
Kohat Cement Limited (KOHC) announced its 1HFY17 financial results today, wherein the company recorded bottom line of PKR2.19bn (EPS: PKR14.17), up by...
CPPA plea to reduce tariff for electricity purchased from sugar mills rejected by Nepra
ISLAMABAD: A Central Power Purchasing Agency (CPPA) plea to reduce tariff for electricity purchased from sugar mills has been rejected by National...
HDIP suffers Rs370mn revenue loss on account of CNG stations inspection
ISLAMABAD: The Hydrocarbon Development Institute of Pakistan (HDIP) suffered Rs 370.130 million loss in its revenue on account of inspection of compressed...
New Shariah standards adoption will increase availability of sukuk instruments: Moody’s
LAHORE: Moody’s on Thursday said the adoption of new Shariah standards would help widen the issuer base and increase the availability of...