Govt to raise over Rs2 billion by petroleum levy imposition on LPG imports
ISLAMABAD: The government’s decision to levy regulatory duty on locally produced and imported liquefied petroleum gas (LPG) is expected to raise over...
OCAC issues warning of “fuel crisis”
ISLAMABAD: News of fuel crisis is again in the offing as oil companies warned about imminent closure of local refineries over the...
Oil prices slip, as US crude output rises
SINGAPORE: Oil prices fell on Monday, pulled down as the latest rise in the U.S. rig count pointed to a further increase...
IPPs payables rise to Rs205 billion
LAHORE: Independent Power Producers overdue payables (IPPs) owed by the government have swelled to Rs205 billion by the end of November.
The energy...
Iraq, Iran sign Kirkuk oil export contract: Iraqi oil official
DUBAI: Iraq has signed an agreement with Iran to export crude oil from its Kirkuk oilfield with a rate of between 30,000...
PSX saw three IPOs in 2017, five in pipeline for 2018
LAHORE: As the year end looms, Pakistan Stock Exchange has had its fair share of achievements and heartbreaks, but a Topline Security...
FBR levies regulatory duty of Rs4,669 per ton on imported LPG
KARACHI: To fill its coffers, Federal Board of Revenue levied a regulatory duty of Rs4,669 per ton on liquefied petroleum gas (LPG)...
PBIT, Ittehad Chemicals ink $40 million MoU for chemical unit
LAHORE: Ittehad Chemicals Limited and Punjab Board of Investment and Trade have signed a memorandum of understanding (MoU) to establish state-of-the-art facility, valued at $40...
Jet fuel shortage looms, as PSO faces supply crunch
ISLAMABAD: Jet fuel shortage is now on the horizon as poor planning and mismanagement has disrupted refineries and jeopardized their operations.
This follows...
SBP obtained $5.8 billion short-term loans from commercial banks
ISLAMABAD: State Bank of Pakistan (SBP) is said to have procured $5.8 billion of short-term loans to paint a picture of stability...
Pakistan & Russia to sign multi-billion dollar off-shore gas pipeline project
ISLAMABAD: Pakistan has agreed upon signing a multi-billion-dollar offshore gas pipeline deal with Russia in coming few weeks.
This happened on the sidelines...
PTA actively pursuing broader targets for telecom services development
ISLAMABAD: Pakistan Telecommunication Authority (PTA) – dynamically engaged in changing telecom landscape of Pakistan – has tackled every new challenge with determination,...
Dollar normalizes, after increasing to Rs108.50 in inter-bank market
KARACHI: The US dollar attained a sense of normalcy after rising more than three rupees in the inter-bank market earlier on Friday.
The US...
FBR sanctions release of Rs6 billion sales-tax refunds in five-year cases
KARACHI: A decision to refund stuck sales tax refunds of Rs6 billion in five-year cases has been given go-ahead by Federal Board...
Pakistan third largest investment beneficiary from OBOR initiative: EIU
LAHORE: China’s One Belt, One Road (OBOR) initiative seems to be benefiting Pakistan, as it has been ranked amongst the top three...