Number of branchless banking agents crosses 0.4mn

ISLAMABAD: The number of branchless banking agents are witnessing continuous surge throughout the country, crossing 0.4 million at end of July 2017. The...

PAC directs ministry to address over-billing issue

ISLAMABAD: Public Accounts Committee (PAC) on Thursday directed the Ministry of Power Division, NEPRA to address the issue of overbilling by reducing...

Re-emerging supply, lower demand push down oil refining margins

SINGAPORE: Profits on refining fuel oil have been hammered to multi-month lows over the past two weeks on emerging signs of growing...

International rice clients are more interested to procure sustainable rice from Pakistan

SHEIKHUPURA: An Official from Van Sillevoldt Rijst (VSR) Netherland, VSR Director Henk Verschoor visited the Rice Partners Pvt Ltd (RPL) plant in Muridke,...

Pakistan GasPort to recommence LNG supplies on Dec 8

LAHORE: Pakistan’s second LNG import terminal, established by Pakistan GasPort Consortium Limited (PGPC) at Port Qasim, Karachi, shall recommence gas supplies to...

Pakistan’s tile industry reinvigorating after imposition of anti-dumping duty on Chinese tiles

LAHORE: Pakistan’s decision to place anti-dumping duties on Chinese tiles is paying dividends as one of the country’s oldest tile manufacturer in...

Oil prices climb as US crude inventories fall

SINGAPORE: Oil prices inched up on Thursday on a decrease in U.S. crude inventories, but rising gasoline stocks and crude production weighed...

Second LNG terminal disruption could cause gas shortage

KARACHI: A recently inaugurated second LNG terminal at Port Qasim, Karachi has suffered a major technical fault in its underground pipeline, resulting...

PSO ceases fuel oil imports citing drop in domestic demand

ISLAMABAD: Pakistan State Oil (PSO) has suspended imports of fuel oil after an abrupt drop in domestic demand as the country turns...

Kinnow export to Indonesia increases to $48 million

ISLAMABAD: Export of Kinnow (citrus fruit) from Pakistan to Indonesia has increased by 150 per cent to $48 million in the current...

SBP launches Asaan remittance account

KARACHI: In line with its efforts to enhance outreach of basic financial services to unbanked or underserved segment of the population, State...

Assets of non-banking financing sector up by 29pc

ISLAMABAD: As a result of efforts made by the Securities and Exchange Commission of Pakistan (SECP) in providing a transparent and robust...

Non-viable KE tariff will retard industrial sector’s growth in Karachi: FPCCI

KARACHI: Karachi is home to some of the largest industries in Pakistan and makes a significant contribution to the country’s Gross Domestic...

Power Division suspends senior officials on violation of load shedding schedule

ISLAMABAD: Taking cognizance of the issue of violation of power load shedding management schedule being faced in many parts of the country,...

Energy ministry lifts ban on recruitment in BS-1 to BS-16 in power sector

ISLAMABAD: Good news for those aspiring to get a job in power sector should get ready to secure an opportunity as Ministry...