Tractor production increases 64.05pc in five months
ISLAMABAD:Â Tractor production in the country during the five months from July to November of the current financial year witnessed an increase of...
Turkmenistan starts work on TAPI gas pipeline project
ISLAMABAD:Â Minister of State for Petroleum Jam Kamal Khan informed the National Assembly (NA) on Friday, that Turkmenistan has started work for the...
Dawood Hercules to make capital injection of Rs17.453 billion in Edotco Pakistan
LAHORE: A bourse notification filed Friday by Dawood Hercules Corporation Limited revealed the company is planning an equity injection of Rs17.453 billion...
Surplus power could cause electricity tariff to escalate over time
KARACHI: Even as Pakistan prepares to have surplus power in the coming few years, the prices of electricity will also rise correspondingly,...
Research development fund to be setup for enhancing cotton production
ISLAMABAD: To enhance cotton production for next season, the government is contemplating to announce a Rs10 billion research development fund in this...
Private sector invited to utilize public building rooftops for solar energy
LAHORE: The private sector has been extended invitation by the Punjab government to make investments in the utilization of public building’s rooftops...
Govt chides power division for misrepresentation of electricity generation data
ISLAMABAD: The government communicated its grave anger over misrepresentation of figures by the power division regarding electricity generation.
The Power Division gave a...
Govt gives nod to GIDC recovery from CNG sector
ISLAMABAD: The cabinet has given go-ahead for recovery of Gas Infrastructure Development Cess (GIDC) from the Compress Natural Gas (CNG) sector.
This was...
Oil prices dip, as US production rises
SINGAPORE: Oil prices fell on Friday on a bounce-back in U.S. production, but ongoing declines in crude inventories curbed losses in the...
Retired DMG officer Shahid Mehmood appointed Asian Development Bank ED
ISLAMABAD:Â Government on Thursday appointed Shahid Mehmood, a close aide of the defunct finance minister Ishaq Dar, as Executive Director (ED) Asian Development...
SBP’s reserves go down by $383m in last 15 days
KARACHI: The total reserves of the State Bank of Pakistan (SBP) declined by $383 million in the last 15 days as the country’s...
Telenor launches Pakistan’s first Virtual Mobile Switching Station
KARACHI: Getting closer to its network virtualisation goals, Telenor Pakistan has launched the country’s first Virtual Mobile Switching Station (vMSS) on its newly...
Constraint Removal War Room established in DISCOs
Islamabad:Â On the directions of federal minister for power division all distribution companies have established special Constraint Removal War Rooms (CRWR) while the...
Chairman SSGC assures to fully advocate KCCI’s representation on SSGC’s Board
KARACHI:Â Sui Southern Gas Company (SSGC) Chairman Javed Zia while speaking at the Karachi Chamber of Commerce and Industry (KCCI) on Thursday said...
FBR bends over backwards to relax duty payments for PGP Consortium
ISLAMABAD: Pakistan GasPort Consortium Limited (PGPC) will clear customs duty on import of Floating Storage and Re-gasification Unit (FSRU) within one year...