China wants to downgrade status of ML-I from ‘strategic project’
ISLAMABAD: China wants to relegate the status of ML-I from ‘strategic project’, which would change the dynamics of financing for this project,...
Oil prices hold firm, tad below December 2014 highs
SINGAPORE: Oil prices held just below December 2014 highs on Monday, supported by ongoing output cuts led by OPEC and Russia despite...
Matco Foods set to become 1st listed company of 2018 on PSX
KARACHI: Matco Foods Limited, one of the country’s leading basmati rice exporters, is later this month planning to raise Rs758 million from...
Explore public-private partnership for RLNG-III project: ECC
ISLAMABAD: The petroleum division has been asked by Economic Coordination Committee (ECC) for financing Rs175 billion RLNG-III pipeline via public-private partnership.
The pipeline...
Indonesia central bank warns over cryptocurrencies
JAKARTA: After China’s complete ban and American Securities and Exchange Commission’s warnings regarding cryptocurrencies, Indonesia’s central bank has issued a fresh warning...
PM inaugurates incubator for KP startups
KARACHI: Pakistan Telecommunication Company Limited (PTCL) and LMKT, an award-winning full-service technology company based out of Islamabad, announced the formal inauguration of...
PIBTL to setup LPG handling facilities at existing terminal site
LAHORE: Â A bourse notification filed by Pakistan International Bulk Terminal Limited (PIBTL) Thursday revealed it has been granted permission by Port Qasim...
Profit margins for oil refiners in Asia dip, as oil prices touch $70 per barrel
SINGAPORE: Oil prices have risen above $70 per barrel for the first time since 2014 as investors bet supply cuts led by...
Over Rs10 billion broadband projects launched in remote areas: PM Shahid Khaqan Abbasi
ISLAMABAD: The Universal Service Funds (USF) has awarded more than Rs10 billion Broadband Sustainable Projects to various operators to ensure telecom services...
Oil prices ease from three-year highs
SINGAPORE: Oil prices eased on Friday after hitting their highest levels since December 2014 the previous day.
Despite the dip, analysts said market...
JDW Sugar Mills, four others agree to procure sugarcane crop at govt prices
ISLAMABAD: In an undertaking to the Supreme Court on Thursday, five sugar mills including PTI’s Jahangir Tareen’s JDW Sugar Mills have agreed...
Govt to sign state-to-state deals for LNG supplies
LAHORE: The incumbent government has decided to sign state-to-state supply deals with energy-rich countries for procurement of cheaper LNG supplies.
This decision comes...
OGDCL injects five new oil, gas wells in production gathering system
ISLAMABAD: Oil and Gas Development Company (OGDCL) has injected five new oil and gas wells, producing 4,133 barrels crude oil and 891...
Govt paid Rs20.241 million sales tax refund to textile sector during FY 2017-18
ISLAMABAD: The government has paid Rs 20,241 million sales tax refund to textile sector during current financial year in order to facilitate...
Pakistan invites Japan to assist in promoting its textiles through PTA
ISLAMABAD: Minister of State for Finance, Rana Muhammad Afzal Khan on Thursday invited Japan to assist Pakistan to promote its textile through...