Oil prices rise to two-month high

Singapore: Oil prices hit a two-month high on Monday, lifted by a tightening U.S. crude market and the threat of sanctions against OPEC-member Venezuela. Brent crude...

ICI Pakistan reports 16pc increase in profits for FY 2016-17

Karachi: In a notification sent to the Pakistan Stock Exchange on Monday, ICI Pakistan has announced its results for the financial year ended 30th...

PCJCCI calls for digitalizing of small industries

Islamabad: Pak-China Joint Chamber of Commerce and Industry (PCJCCI) Founder President Shah Faisal Afridi has suggested that digitalizing and revolutionizing small industries should be...

APCMA voices concern over fall in cement demand

Lahore: The All Pakistan Cement Manufacturers Association has requested the government to reduce excise duty and import duty on coal and check import of...

FMPAC and govt settle fertilizer subsidy issue

Islamabad: A meeting between government officials and Fertilizer Manufacturers of Pakistan Advisory Council (FMPAC) was held at Prime Minister’s Office in Islamabad to resolve...

Punjab to set up another 1200MW gas-based power plant

Lahore: The Punjab government has decided to setup a new gas power plant with 1,200 megawatts production capacity to meet energy needs of the future,...

PAC seeks explanation from PC regarding non-recovery of $800m from Etisalat

Islamabad: Public Accounts Committee of the Parliament on Thursday summoned Privatization Commission (PC) and sought an explanation about non-recovery of $ 800 million from...

CDNS sets target of Rs220b for FY 2017-18

Islamabad: Central Directorate of National Savings (CDNS) has set the net target of Rs 220 billion for the current financial year 2017-18. CDNS achieved its...

Cotton yarn exports declined 1.69pc during FY 2016-17

Islamabad: According to data compiled by Pakistan Bureau of Statistics (PBS), cotton yarn exports from the country during the financial year 2016-17 decreased by...

PPIB has received investment worth $9.4b

Islamabad: The Private Power and Infrastructure Board (PPIB) has attracted around $ 9.4 billion investment so far. Official sources told APP, the PPIB had successfully...

Ontex Pakistan requests government to decrease custom duties on machinery and raw material import

Karachi: Ontex Pakistan, one of the world’s leading suppliers of disposable hygiene products has called the government to decrease custom duties on the import...

Ogra recommends price cut of Rs3.67 in price of petrol for August

Islamabad: As the frenzy surrounding Panamagate fades after the removal of the Prime Minister Nawaz Sharif, Oil and Gas Regulatory Authority (OGRA) on Friday...

First unit of Neelum Jhelum Hydropower Project likely to start generation by Feb 2018

ISLAMABAD The strategically important Neelum Jhelum Hydropower Project (NJHP) is fast heading towards its completion and is scheduled to start electricity generation with the commissioning...

Five companies from Pakistan make Forbes “Best under a billion list”

Lahore: Forbes Asia has listed five companies from Pakistan in its “Best under a Billion List” which it published on the 26th of July. ...

Balloki power plant’s 9HA gas turbine successfully completes its first fire-test

Lahore: The 9HA gas turbine installed for the Balloki Power Plant in Patoki has successfully completed its first fire test as reported on Thursday...

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Bookings for Kia Picanto from next week

After introducing two of its vehicles in the Pakistani market, Kia Lucky Motors is all set to launch Kia Picanto for its customers. The company...

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Sales of motorbikes, three wheelers decline 9.9pc in Aug

ISLAMABAD: The sales of motorcycles and three-wheelers dipped 9.91pc in August 2019 when compared with the corresponding month of last year, Pakistan Automobile Manufacturing...