Oil dips as trade dispute threatens growth
Traders worry that escalating tariffs on export goods, including U.S. crude oil, will stall trading and eventually choke world economic growth.
Slippage in billing collection and other factors causing rise in circular debt
A loan facility of up to Rs431 billion for Discos was arranged by PHPL/CPPA-G on part of Discos for FY17 as a term finance facility
Cement despatches slow down in AugustÂ
--Overall despatches drop from 4.83m tonnes in July 2020 to 3.52m tonnes in Aug
--APCMA attributes the slow down to heavy rains, Eidul...
Debt ridden Toys ‘R’ Us to close all US stores
NEW YORK: Toys 'R' US plans to sell or close all of its US stores, potentially hitting 33,000 jobs, US media reported...
IMF expresses worry over energy deals reached under CPEC
The variation of $9 billion could create problems in making accurate projections linked to future CPEC related outflows, said sources in the Ministry of Finance
DGTO to hold consultative session on capacity building
ISLAMABAD:Â The Directorate General of Trade Organisations (DGTO) of Ministry of Commerce and Textile in collaboration with Licensed Trade Organisations of Pakistan will...
Punjab’s 3600 mw RLNG-run power plants fail to produce required electricity
ISLAMABAD: Punjab’s 3600 mw RLNG-run power plants have so far failed to produce the required electricity due to which billions of rupees...
Pak-Thai FTA likely to be signed this year
KARACHI: The Pakistani and Thai governments are actively engaged in talks on a free trade agreement, and if successful, the bilateral trade...
Pakistan’s mobile imports grew 14.38 percent during 1st half of FY 2017-18
LAHORE: Pakistan’s mobile phone imports during first half of financial year 2017-18 increased 14.38 percent, touching $376.498 million against $329.177 million in...
Short-termism impedes progress of world’s poorest people: UN report
NEW YORK: The prospects of around 800 million of the world’s poorest people remain dire. The global economy is experiencing a moderate upturn,...
Gas shortage and power plants tripping cripples’ national grid
Pakistan Electric Power Company (PEPCO) on Friday disclosed total power generation stood at 9,800 megawatts, whilst demand was 12,500 megawatts, resulting in a shortfall of 2,700 megawatts
Pakistan expected to ink $12 billion investment deals with Saudi Arabia
Dawood said it was possible that an agreement for a $3 billion oil facility on deferred payments will also be signed during the Crown Prince’s visit
Textile industry financial crunch worsens, as it awaits release of outstanding tax refunds
Exports nosedived by 12.36 percent during 2015-16, touching $21.97 billion and worldwide exports also posted a fall of meagre 1 percent
Oil-producing nations seek global deal to stabilise market
MOSCOW: Oil-producing countries including those of the OPEC cartel and Russia are trying to strike a global deal to pump less crude...
Planning commission, UNDP commit to streamlining data collection, reporting
ISLAMABAD: Minister for Planning, Development, and Reform (PD&R) Dr Shamshad Akhtar, formally launched the website and the Data Reporting Gaps Study, while...