Oil jumps after U.S. crude stockpiles shrink most since August
NEW YORK: Oil topped $ 62 a barrel for the first time since May 2015 after U.S. crude stockpiles shrank by the...
Wheat sowing completed in 97pc areas: Senate Committee told
ISLAMABAD: Senate Standing Committee on National Food Security and Research on Thursday was informed that wheat cultivation had been completed in over...
PM directs for rationalisation of LPG price
ISLAMABAD: Prime Minister Shahid Khaqan Abbasi on Thursday directed Ministry of Petroleum to take effective measures, in consultation with all stakeholders, for...
Provincial governments asked for ensuring purchase of sugarcane on fixed rates
ISLAMABAD: National Food Security and Research Minister Sikandar Hayat Bosan called upon the provincial governments to ensure purchase of sugarcane from the...
Capacity utilisation in cement sector touches 95pc
ISLAMABAD: Cement sector has witnessed a sales boom for the last four years, more so this fiscal year as total despatches reached...
HDIP suffers Rs370mn revenue loss on account of CNG stations inspection
ISLAMABAD: The Hydrocarbon Development Institute of Pakistan (HDIP) suffered Rs 370.130 million loss in its revenue on account of inspection of compressed...
Government, Etisalat may find middle ground to resolve $800mn dues controversy
ISLAMABAD: Resumption of talks between the government of Pakistan (GoP) and Dubai-based Etisalat may lead to resolving the much-awaited $ 800 million...
Power Division to meet with CPEC investors individually to fast-track energy projects
ISLAMABAD: The Power Division has decided to engage and meet with all investors of the China Pakistan Economic Corridor (CPEC) energy projects...
Pakistan is largest beneficiary of Chinese concessional loans
ISLAMABAD: Over $4 billion in concessional loans have been given by China to Pakistan for current infrastructure projects and additional $8b are...
PRGMEA hopeful of new finance team to overcome trade deficit
LAHORE: Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) here on Tuesday welcomed the appointment of Dr Miftah Ismail as the adviser...
Raw cotton exports increase 49.78pc in five months
ISLAMABAD: Raw cotton exports from the country during the first five months of the current financial year, 2017-18, increased by 49.78 per...
SBP approves CNY for bilateral trade, investment activities
KARACHI: The State Bank of Pakistan (SBP), in the capacity of the policymaker of financial and currency markets, has taken comprehensive policy...
Share of Shariah-compliant assets steadily rising
ISLAMABAD: Growing at a fast rate, Shariah-compliant assets now represent 34.6 per cent of the total assets of the Non-Banking Financial Institute...
Market Daily: PSX dances to New Year, settles on a high
LAHORE: The Pakistan Stock Exchange (PSX) swayed like a seesaw, touching its intraday low of 40,169.92 points, down by 302 points or...
Pakistan mobile broadband users increase drastically
ISLAMABAD: Pakistan has seen a dramatic increase in mobile broadband penetration over the past five years as mobile broadband subscribers have reached...