Govt withdraws exemption allowing K-Electric to import furnace oil
K-Electric is the only power producer having a constant usage of 4000-5000 tons per day consumption of furnace oil
NPPMC penalises two firms over production delays in Punjab’s power plants
ISLAMABAD:Â The National Power Park Management Company (NPPMC) has imposed a Rs12 billion penalty on two Chinese firms owing to five months delay...
Govt may approve up to 214pc hike in gas prices
ISLAMABAD: The Petroleum Division on Monday sought the federal cabinet’s Economic Coordination Committee’s (ECC) approval for a 192 per cent hike in...
Saudi Aramco shares hit lowest since IPO, down over 2pc
DUBAI: Shares of Saudi Aramco (2222.SE) hit 32.50 riyals ($8.66) in intraday trade on Sunday, the lowest since it began trading in...
FPCCI calls for steps to improve food and water security
Islamabad: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Wednesday called for improved food and water security.
The challenge of...
Oil near 18-year lows on demand devastation warning
Oil languished at multi-year lows Thursday, with WTI crude close to its weakest level since 2002, as dire warnings about a virus-triggered...
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...
Govt, ADB sign deals worth $375mn to improve irrigation, public-private partnership in Punjab
ISLAMABAD:Â The Asian Development Bank (ADB) and the Government of Pakistan on Friday, signed two loan agreements totaling $375 million to improve irrigation...
Work on 330MW Thar Block-2 power plant in full swing, says Asim Bajwa
Special Assistant to the Prime Minister on Information and Broadcasting Asim Saleem Bajwa on Friday said that the work on the 330...
SECP registers 1,076 new companies in JulyÂ
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 1,076 new companies in July.
As compared to the corresponding month of the last financial...
Govt asked to reform SBP, PSEs
The Pakistan Economy Watch (PEW) on Sunday said the government should provide autonomy to the State Bank of Pakistan (SBP) and install...
Bank of Punjab issues 70 pc rights shares
In the interest of sponsors, stakeholders, shareholders and public at large, the Bank of Punjab wishes to clarify the news item, conceived...
Bank of China allowed to commence banking operations in Pakistan
KARACHI: State Bank of Pakistan (SBP), has given approval to the Bank of China Limited (BCL), for commencement of its banking business in...
Bank Alfalah posts impressive half-year results, with profit before tax at Rs10.008 billion
KARACHI: The Board of Directors of Bank Alfalah in their meeting held in Abu Dhabi on
26 August 2018, approved the Bank’s unaudited...
LPG dealers hike price by Rs10 per kg without OGRA notification
ISLAMABAD: Dealers of liquefied petroleum gas (LPG) have raised the price of the commodity by Rs 10 per kg even though the...