PSO’s receivables balloon to over Rs300 billion
ISLAMABAD: Pakistan State Oil’s financial woes continue as its receivables are said to have swelled over Rs300 billion.
The state-owned oil marketing giant is...
Rupee slide allowed wholesalers to earn additional 5pc on their imports
KARACHI: As the dust settles after the pandemonium of rupee’s devaluation, wholesalers who already had paid in advance before the depreciation occurred,...
E&P companies eyeing to tap deposits of oil & gas in KP
ISLAMABAD: Oil and gas Exploration and Production (E&P) companies have intensified their drilling activities to tap recoverable reserves of around Trillion Cubic...
Pakistan’s LNG imports will keep rising, fuel demand to halve by 2020: Report
LAHORE: S&P Global Platts survey of several companies has revealed Pakistan’s rising LNG imports will contribute to fuel demand halving by 2020,...
Oil prices firm, as increasing US output emerges for 2018
SINGAPORE: Oil markets were stable on Friday as the Forties pipeline outage in the North Sea and the ongoing OPEC-led production cuts...
Progas challenges ICSID court decision in Pakistan’s favour
ISLAMABAD: A court decision in London which came in favour of Pakistan has been challenged by Progas Pakistan shareholders.
Progas Pakistan which is...
80pc of network to be shifted to 4G: Telenor CEO
ISLAMABAD: Telenor has so far invested more than US $ 3.5 billion Foreign Direct Investment (FDI) to expand its network and provide...
Economic pundits see no end to Pakistan’s economic slide
ISLAMABAD: Pakistan's economy has been on a steady downward slide with no end in sight, some experts say, with the currency dropping,...
TDAP supporting business sector to improve quality of products
LAHORE: Trade Development Authority of Pakistan (TDAP) is endeavoring to support and assist the business sector to help improve the quality and...
Government determined to safeguard interests of farmers: Bosan
ISLAMABAD: National Food Security and Research Minister Sikandar Hayat Khan Bosan on Thursday informed the National Assembly that the government was determined...
Price of petroleum products less in Pakistan as compared to neighbouring countries
ISLAMABAD: Petroleum Minister Jam Kamal on Thursday informed the National Assembly that prices of petroleum products are less in Pakistan as compared...
Loads Limited to become first manufacturer of alloy wheels in Pakistan
LAHORE: Â A bourse filing on Thursday revealed Loads Limited Board of Directors have decided to allow the local manufacturing of a new...
Careem set to expand operations to 30 new cities in Pakistan
LAHORE: Popular ride-hailing service Careem which operates in more than 10 cities in Pakistan intends to expand its operations to 30 new...
D.G Khan Cement rebuts fake acquisition notification
LAHORE:Â D.G Khan Cement on Thursday rebutted a notification circulating which claimed a Chinese cement company expressed interest in acquiring 40 percent stake...
PGPL to try flowing gas through 2nd LNG terminal today
ISLAMABAD: Pakistan GasPort, the country’s second liquefied natural gas (LNG) import terminal, plans to try injecting gas back into the facility’s onshore...