OGRA to recover stolen Rs18bn from consumers
LAHORE: The Oil and Gas Regulatory Authority (OGRA) is looking to burden gas consumers with payments amounting to Rs18 billion to cover...
Government reimposes electricity surcharge, as circular debt soars
LAHORE: The government has imposed a surcharge on electricity consumers to pay off liabilities owed to power producers and to finance the...
Govt to reduce LNG supply amidst falling demand
LAHORE: The government on Monday directed scaling down of Liquefied Natural Gas (LNG) from both specialised import terminals due to falling fuel...
Dispute arises between customs officials, terminal operators over demurrage charges
LAHORE: A new issue has emerged between the customs clearing officials and terminal operators over demurrage charges that have been incurred during...
SHC seeks govt, OGRA reply in petroleum price hike case
KARACHI:Â The Sindh High Court (SHC) on Monday has sought comments from the Ministry of Petroleum, and the Oil and Gas Regulatory Authority...
US companies eager to participate in Pakistan’s energy sector: David Hale
ISLAMABAD: The US Ambassador to Pakistan David Hale has said that US companies are eager to participate and compete in the energy...
PM chairs meeting on issues related to power sector
ISLAMABAD: Prime Minister Shahid Khaqan Abbasi chaired a meeting on issues related to the power sector and net hydel profits at the Prime Minister’s...
Experts call for incentivising documentation of economy
KARACHI: Tax experts demanded on Monday that the immunity under Foreign Currency Accounts (Protection) Ordinance 2001 should be removed to improve the...
Industry asked to upgrade itself for CPEC partnerships
ISLAMABAD: State Engineering Corporation (SEC) Chairman Syed Kaukab Mohyuddin visited Islamabad Chamber of Commerce and Industry along with his team and urged...
Amazon contemplating entering financial sector with a checking-account like product
NEW YORK: Amazon.com Inc, the world’s largest online retailer, is in talks to create a checking-account-like product with big banks such as...
Analysts estimate increase of Rs6 per share to ASTL after SITE expansion
LAHORE: In Amri Steels Ltd's (ASTL) latest notice to the exchange it had informed about finalisation of its plans regarding the Balancing,...
Oil sales down 18 per cent YoY in February 2018
LAHORE: Pakistan's oil sales declined by 18 per cent YoY to 1.5 million tonnes mainly on the back of a sharp drop in...
Government directs OMCs to prioritise sale of domestic petrol
The federal government in a bid to minimise loss of foreign exchange and misuse of inland freight equalisation margin (IFEM) has directed...
Tri-Pack’s share price surges, amidst announcement of Rs2.2bn investment
LAHORE: Tri-Pack Films Limited in a notification to Pakistan Stock Exchange (PSX) on Monday announced that it has approved investments amounting to...
Why ‘no profit’ still makes Zong happy
Faraz Ahmed, a resident of Anda Mor, North Karachi, wakes up at four every morning and sets off to his vendor’s home...