Smuggling threatens closure of Pakistan’s steel industry, billions at stake
ISLAMABAD: Pakistan's domestic steel industry faces an uncertain future as large-scale smuggling operations continue to cripple the sector. The Pakistan Association of...
Public transport fares remain unchanged despite decrease in petroleum prices
LAHORE: In a disappointing turn of events, the relief in petroleum product prices has failed to reach the general public, leaving them...
Cheap petrol scheme delayed until IMF concerns are resolved: Musadik Malik
ISLAMABAD: Minister of State for Petroleum Musadik Malik on Wednesday stated that the implementation of the cost-effective petrol scheme has been delayed...
Explainer: How did the government cut diesel by Rs30?
Did we just forgo an opportunity to alleviate some of PSO's problems with receivables?
Fauji Fertilizer’s four-week power outage likely to impact Urea production
KARACHI: Fauji Fertilizer Bin Qasim Limited (FFBL) announced a power outage that is expected to last for over four weeks. In a...
Oil prices climb as recession fears begin to fade
Oil prices rose on Monday as fears of a recession in the US, which drove prices down for three straight weeks for...
Exclusive: India considering allowing foreign investment in nuclear power
India is considering overturning a ban on foreign investment in its nuclear power industry and allowing greater participation by domestic private firms,...
OMCs seek reduction in minimum tax to counter falling margins
Oil marketing companies (OMCs) are reportedly seeking a revision to the Income Tax Ordinance 2001 to reduce the burden of taxation on...
Stung by smuggling, Attock Refinery reducing capacity to 25pc for five days
The refinery disclosed the information to the Pakistan Stock Exchange (PSX) and investors early on Thursday morning.Â
Dar rejects news about OGRA’s petrol-price reduction recommendation
ISLAMABAD: Minister for Finance and Revenue Senator Mohammad Ishaq Dar on Tuesday rejected reports that the Oil and Gas Regulatory Authority (OGRA)...
‘Govt to build multibillion-dollar refinery to meet energy needs’
Pakistan's Minister of State for Petroleum, Musadik Malik, on Friday announced the government's plan to build a new refinery to meet the...
ECC approves grant of production lease to United Energy Pakistan Beta
Petroleum division is taking measures on a fast track basis where various exploration and development activities are underway
Competition heats up in soda ash manufacturing industry
Sapphire Textile Mills Ltd.’s wholly owned subsidiary Sapphire Chemicals (Pvt.) Ltd. announces plans to establish soda ash manufacturing facility
Load shedding expected to increase in coming months
LAHORE: Well placed sources in the Lahore Electric Supply Company (LESCO) have claimed that the city will face increased power outages in...
Big industry output contracts by 11.59% in February
LSM output dips 5.56% YoY during July-February