Circular debt obstructing investment in Pakistan’s refinery sector, says: Chairman Hascol
LAHORE: One of Pakistan’s leading oil marketing companies, Hascol Petroleum Limited has been operating in Pakistan since 2005 and succeeded in opening a...
Pakistan Oilfields earnings disappoint, profits increase by paltry 2.26 percent during July-December 2017
LAHORE: Pakistan Oilfields Limited on Wednesday announced its half-yearly earnings till December 31st, 2017, reporting an increase of 2.26 percent in profits...
Attock Petroleum profits dip 12.32pc for July-December 2017
LAHORE: Attock Petroleum Limited reported a 12.32 percent dip in profits for the half year ended 31st December 2017 on Wednesday.
Sales recorded...
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...
Oil prices drip, as US crude inventories rise
SINGAPORE: Oil prices fell on Wednesday, weighed down by data that showed an increase in U.S. crude oil and gasoline inventories.
Brent crude...
Security Investment Bank receives loan to bolster minimum capital requirement
KARACHI: A bourse notification filed by Security Investment Bank Limited (SIB) revealed it will be receiving funds in form of subordinate loan...
Pakistan’s crop yield has sunk to lowest levels globally, says: PBC
KARACHI: A report released by Pakistan Business Council (PBC) revealed Pakistan’s crop yield per hectare hasn’t registered any improvements and alarmingly sunk...
United Towel’s acquisition of Vespo Groep BV expected to boost exports by 221pc
ISLAMABAD: United Towel Exporters which acquired a 70 percent stake in Dutch-based Vespo Groep BV expressed optimism its exports to Europe would...
Saving-investment gap during FY 2015-16 touched Rs3.385 trillion: SBP
KARACHI: A report titled “Sources & Uses of Funds by Non-Financial Private Corporate Sector in Pakistan” for year 2015-16 has been released...
Mortgages escalate 250 percent during 1st quarter of FY 2017-18
KARACHI: Driven by low interest rates regime, State Bank of Pakistan (SBP) reported house financing loans registered a staggering rise of 250...
CCI’s jurisdiction to govern matters of mineral oil, natural gas and territorial water, says: Rabbani
ISLAMABAD: The Chairman Senate, Raza Rabbani on Tuesday stated taking decisions pertaining to territorial waters, equal ownership of natural gas and mineral...
Textile exports edge up 8 percent during first half of FY 2017-18
ISLAMABAD: Data released by Pakistan Bureau of Statistics (PBS) on Tuesday revealed textile exports from Pakistan increased 8 percent to $6.642 billion...
ISL posts 17pc growth in 2nd quarter 2017-18
KARACHI: International Steels Limited (ISL) posted 17 per cent growth during 2nd quarter 2017-18 with earning per share (EPS) at Rs 2.7,...
Cotton import allowed from India, other countries without custom duty, taxes
KARACHI: The Ministry of Commerce (MoC), abolishing all kind of custom duties and other taxes has allowed the import of cotton from...
PAC asks AGP to hold inquiry into purchase of expensive electricity
ISLAMABAD: Public Accounts Committee (PAC) Chairman Syed Khursheed Ahmed Shah, on Tuesday, directed the Auditor General of Pakistan (AGP) to hold an inquiry for fixing...