Govt to hold new round of bidding for petroleum exploration blocks

ISLAMABAD: The government under immense pressure from provinces has finally decided to hold a fresh round of bidding for petroleum exploration blocks...

Gasport, FBR locked in dispute over Rs1.5 billion custom duty payment

ISLAMABAD: The second LNG gas terminal which has been a bone of contention and controversy since its inauguration last month is now...

Mobile phone importers face crunch, as duties bite into sales

KARACHI: Major price increases have been witnessed in the price of mobile phones, as rupee’s recent depreciation and governments decision to crackdown...

Decrease tax rate for banks earning income from providing financing to SME’s: SBP

LAHORE: The State Bank of Pakistan in its recently launched policy for promotion of Small and Medium Enterprises (SMEs) has proposed decrease...

After Toyota, Honda and Suzuki eye increasing car prices

KARACHI: The rupee depreciation has taken its toll on the automobile industry as Toyota has increased its cars prices up to Rs...

Privatization commission pondering setting up SPV for PSM to settle liabilities

ISLAMABAD: With Pakistan Steel Mills liabilities swelling to Rs188 billion, the Privatization Commission is pondering to launch a special purpose vehicle (SPV)...

Descon to expand footprint into South Africa, will acquire small plant for $10 million

LAHORE: One of Pakistan’s largest companies, Design and Engineering Services and Construction Limited (DESCON) has decided to venture into South Africa by...

New SME policy to provide Rs6 billion for solar, hydro, wind energy projects

KARACHI: The government has made Rs6 billion available at a subsidized rate of 6 percent for renewable energy projects for hydro, solar,...

WAPDA introduces revised daily wages, contingent based appointment policy

ISLAMABAD: The Pakistan Muslim League-Nawaz government has approved the revision in the daily wages and contingent based appointment policy for Water and...

Blockchain empowers energy markets, as adoption widens

SINGAPORE:  Energy startups have been using blockchain to power electricity sharing in microgrid trials from Texas to Tasmania for a year or...

Government accepts provinces demand to share oil and gas data

ISLAMABAD: The government according to sources has acceded to Khyber Pakhtunkhwa’s demand of providing it access to real-time oil and gas production...

ECC approves 2m tons wheat, 300,000 tons of sugar exports

ISLAMABAD: To rein in current account deficit, the government on Friday allowed exports of two million tons of wheat and 300,000 tons...

Mobile phone imports increase 14.94 percent during July-November 2017

ISLAMABAD: Import of mobile phones in to the country during first five months of current fiscal year increased by 14.94 per cent...

Textile exports expected to grow with rupee devaluation  

KARACHI: Following the rupee depreciation, textile sector, having around 60 per cent share in total exports, is expected to be its key...

IRSA to cut water supply to provinces from December 25 

ISLAMABAD: Electricity load shedding might increase amid chilling weather as the Indus River System Authority (IRSA) has decided in consultation with the...