Wapda seeks 98pc rise in hydel generation tariff

KP demands 390pc increase in net hydel profit, Wapda seeks rise of 98pc in hydel tariff per unit Islamabad: The Khyber-Pakhtunkhwa (KP) government has demanded a...

Pakistan FDI inflows increase 56pc due to CPEC: UN report

Pakistan FDI inflows increase 56pc due to CPEC Islamabad: A United Nations (UN) report entitled ‘World Investment Report 2017: Investment and the Digital Economy’ was...

Rs41b approved by ECC to pay IPPs and PSO’s outstanding dues

Rs41b approved by ECC for payments to IPPs and PSO Islamabad The circular debt and power outages issue continues to create nightmares for the government. On...

13 coal power plants on the verge of completion

Islamabad Six power generation projects based on indigenous coal with cumulative capacity of 4,290 megawatts and seven projects based on imported coal with cumulative capacity...

LNG imports from Qatar unaffected says: Shahid Khaqan Abbasi

LNG imports from Qatar to continue Karachi Shahid Khaqan Abbasi, Minister for Petroleum and Natural Resources on Wednesday gave a statement clarifying that LNG imports from...

Kohat cement to establish grey cement production line

Karachi In a notification sent to the Pakistan Stock Exchange (PSX) on Tuesday, Kohat Cement has decided to establish a grey production cement line at...

IPPs payables reach Rs191b, may shut down their power plants

Islamabad The IPPs Advisory Council (IPPAC) has claimed that till May 15th the figure of payables has reached Rs191b and if the payment isn't made...

Crude oil production stands at 24.2 mbl in nine months

Pakistan’s domestic crude oil production stood at 24.2 million barrels (mbl) in first three quarters of the current fiscal year as compared to 24...

ADP 2016-21 decisive for growth in automobile sector: MoIP

Islamabad Ministry of Industries and Production Tuesday informed that investment under the Automotive Development Policy 2016-21 is very crucial for growth in this sector and...

Russia-Pakistan gas pipeline in doldrums over tariff issue

ISLAMABAD Under the intergovernmental agreement which was signed by the two countries in 2015, implemented by RT-Global Resources-part of Rostec corporation- is in the doldrums...

Cabinet Committee on Energy urges no power outages during Ramazan

Islamabad The Cabinet Committee on Energy (CCE) chaired by Prime Minister Muhammad Nawaz Sharif on Tuesday unanimously approved no power shutdowns on account of development works...

CPEC has boosted construction sector, planning commission data reveals

Islamabad Planning Commission data has revealed that CPEC benefitted and boosted the construction sector helping create thousands of indirect jobs. This has indeed been confirmed...

FBR faced with Rs 40 billion revenue loss in cigarette sector in FY17

Due to over taxation, the Federal Board of Revenue (FBR) is faced with a massive revenue loss of Rs 40 billion in the cigarette...

Agri sector, CPEC project contributing to increasing private investment in Pakistan

Washington The China-Pakistan Economic Corridor infrastructure projects and a stable macroeconomic environment is contributing to an increase in private investment in Pakistan, a latest World...

Mango exports likely to increase this year

Multan Mangoes exports are likely to increase during current year as 10 varieties of this exotic fruit have been registered with Federal Seed Certification and...

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FBR issues notices to 3,950 non-filers in Lahore

LAHORE: The Federal Board of Revenue's Broadening of Tax Base (BTB)-Lahore has issued notices to some 3,950 people who did not declare their assets despite...

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Trump talks up economy, talks down Fed amid mixed data

WASHINGTON: President Donald Trump on Thursday said the US economy was doing well and could be record-setting if only the Federal Reserve lowered interest rates...