Rupee devaluation fails to spur growth in exports, touch $9.120 billion in 5MFY19
Trade deficit for July-November FY19 fell to $14.51 billion or 2.0% from $14.81 billion in the corresponding period of last year
266.5MW of wind and solar power could be added to national grid
Five potential power companies have shown their interest by seeking generation licenses from the National Electric Power Regulatory Authority (NEPRA). These companies are...
Volkswagen accelerates electric push as core brand margin slips
VW has brought forward its target of achieving a return on sales of 6pc to 2022, but this will also involve...
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...
Thar coal plant starts electricity generation
EPTL tests and energizes the first unit of 330MW of the combined 660MW power plant – located in Thar Block II
KARACHI:Â It...
OCAC seeks two years to meet regulatory requirements
Islamabad: Oil Companies Advisory Council (OCAC), a consortium of various oil marketing companies and refineries has sought one to two years for...
Byco refinery starting supply to market from August
Karachi: In a notification sent to the bourse on Monday, Byco Petroleum Pakistan Limited has announced that it will be restarting production...
Prices for petroleum products may remain unchanged for September
Islamabad: The government has decided to maintain the same rates of petroleum products in the forthcoming month of September.
Credible sources disclosed that...
Report on Kekra-I offshore drilling within 3-4 weeks, Senate told
ISLAMABAD:Â Energy Minister Omar Ayub Khan said on Friday that the report on any discovery of energy reserves at Kekra-I offshore drilling site...
Govt urged to curb smuggling of steel via land routes
'Import of steel items should be allowed only from the sea route as it will be easier for customs to control...
Uniform cost criteria to be applicable for consumers living within 5km vicinity of gas fields
Islamabad: Natural gas consumers living within 5km vicinity of gas fields in all four provinces will be subjected to a uniform costing...
Saudi prince backs extension of OPEC production cuts
RIYADH: Saudi Arabia’s crown prince says his country supports extending an agreement by major oil producers to limit output beyond next March.
Crown...
Textile export fetches $12.31bn in 11 months
ISLAMABAD:Â The textile exports from the country during July-May 2018-19 were recorded at $12.31 billion as compared to the exports of $12.32 billion...
LCCI demands shifting of industrial connections to old Sui gas
The Lahore Chamber of Commerce and Industry (LCCI) has demanded that  Sui Northern Gas Pipeline Limited (SNGPL) shift back the industrial connections from...
Oil prices inch upwards, on expected fall in US crude stocks
SEOUL: Oil markets rose in early Asian trade on Tuesday, buoyed by expectations of a drop in U.S. crude stockpiles and after...