Oil trading remains restrained amidst tension in Middle East
SINGAPORE: Oil trading was cautious on Monday amid ongoing tensions in the Middle East and after a rising rig count in the...
Pakistan’s public debt skyrockets, touching Rs21.770 trillion by end of August
KARACHI: Figures released by State Bank of Pakistan revealed the country’s public debt touched Rs21.770 trillion by end of August, compared to...
US oil exports to Asia keep increasing, creating problems for OPEC
LAUNCESTON, Australia: U.S. crude oil is flooding into Asia, and may continue to do so as the arbitrage window that was initially...
Matiari-Lahore transmission line hits snags, as Chinese firm slows down work
LAHORE: The $2b Matiari-Lahore high-voltage direct current (HVDC) 660kV transmission line is facing numerous delays, as the Chinese company contracted to execute...
Riyadh to support TAPI gas pipeline project
ASHGABAT: Saudi Arabia has expressed support for the Ashgabat-initiated project on construction of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) transnational gas pipeline.
This was announced at...
OGRA raises freight fares as oil tankers association threatens strike
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Saturday raised the freight fares for oil tankers by 64 per cent after...
LNG to be supplied to company’s franchise areas soon: SSGC
KARACHI: SSGC Acting MD Amin Rajput has said that LNG is the fuel of the future and its availability is indispensable to...
Pakistan fights back against $800mn damages in rental power vessel case
LAHORE: Pakistan has applied to annul an order of the International Centre for Settlement of Investment Disputes (ICSID) directing it to pay...
Govt releases Rs2.19bn for petroleum sector in four months
ISLAMABAD: The government has released Rs 2.198 billion for the Petroleum and Natural Resources Division under the Public Sector Development Programme (PSDP...
Kapco shelves plan to acquire 17.37pc stake in Hubco
LAHORE: A bourse notification from Kot Addu Power Company (KAPCO) disclosed it postponed plans to acquire 17.37pc stake in Hub Power Company...
Kobe Steel attributes lack of quality controls for data scandal
TOKYO: Kobe Steel Ltd said on Friday a lack of quality controls and a focus on profits was behind the widespread data...
Oil prices stand firm, as experts predict volatility ahead
SINGAPORE: Oil markets were little changed on Friday, supported by ongoing supply cuts and strong demand which have resulted in a tightening...
Parliamentary panel issues warning to foreign banks for non-cooperation
ISLAMABAD: Foreign banks have faced the ire of a parliamentary panel on finance for subverting its calls on an ongoing probe into...
Deputy governor SBP quashes worries over rising trade/current account deficit
LAHORE: State Bank of Pakistan Deputy Governor Jameel Ahmad said widening trade and current account deficit aren't something to be worried about as...
Asian stock markets down, following declines on Wall Street
HONG KONG: Asian shares sank Friday, following declines on Wall Street after a proposed delay to U.S. tax cut plan dented investor...