US to assist Pakistan in establishment of Renewable Energy Institute and formulation of energy policy
ISLAMABAD: The United States will explore ways and means to assist the Power Division in the establishment of Pakistan’s First Renewable Energy...
Awais Leghari directs DISCOs to clear backlog, implement application tracking by March 15
ISLAMABAD: Federal Minister for Power Division Sardar Awais Ahmed Khan Legahri has directed distribution companies (DISCOs) CEOs to clear the backlog of...
Senate committee expresses concerns over special treatment to Chinese companies
ISLAMABAD: As the concerned ministries failed to justify the special exemption on taxes being given to Chinese companies under China Pakistan Economic...
SSGC continues operation to curb gas theft, multiple perpetrators caught
KARACHI: There has been no let-up in Sui Southern Gas Company’s (SSGC’s) drive against the menace of gas theft as it shuts...
Jazz introduces Pakistan’s first 4G enabled feature phone
KARACHI: Jazz has launched Jazz Digit 1, a 4G enabled ‘smart’ feature phone for customers across Pakistan. The launch is in line with...
India directs state-owned banks to fix operational risks, gives 15-day deadline
NEW DELHI: India’s finance ministry on Tuesday set a 15-day deadline for state banks to take pre-emptive action against operational and technical...
Dejected by local banks attitude, Faisalabad’s businessman considering establishing their own bank
FAISALABAD: Disgruntled by attitude of local banks, the business community of Faisalabad is considering setting up its own bank for provision of...
Parliamentary panel pushes resolution to clear Rs505m salaries of PSM employees
ISLAMABAD: To clear salary arrears of Rs505 million of Pakistani Steel Mills’ (PSM) employees, Senate Standing Committee on Industries has sent a...
Oil prices consolidate gains, on signs of stronger demand
TOKYO: Oil prices extended gains on Tuesday, supported by signs of stronger demand, robust production curbs led by OPEC and a slight...
CCI offers provinces to take full control of electricity, gas generation
ISLAMABAD: The provinces during a meeting of the Council of Common Interests (CCI) on Monday have been offered to take full control...
Ex-QESCO chief barred from becoming Nepra member
ISLAMABAD: The appointment of a member of the National Electric Power Regulatory  Authority (NEPRA) has been delayed due to allegations of power...
Over 150 companies submit bids for Sheikhpura-Peshawar oil pipeline
ISLAMABAD: The Sheikhpura-Peshawar oil gas pipeline received a heartening response with over 150 entities buying tender documents to take part in the...
UBL sees no potential compliance irregularity
KARACHI: United Bank Limited (UBL) has limited its operations in New York, according to a research report issued by a brokerage on...
Shell sees potential LNG supply shortage as global demand surges
LONDON: The global Liquefied Natural Gas (LNG) market has continued to defy expectations of many market observers, with demand growing by 29...
Mughal Steel gets amendments to expansion plan approved
LAHORE: A bourse notification filed Monday by Mughal Iron and Steel Industries Limited (MISIL) revealed amendments to expansion plan have been approved...