Overseas Pakistanis remit $8bn up by 1.2pc in July-Nov 2017-18
KARACHI: Overseas Pakistani workers remitted $ 8021.18 million, which is up by 1.2 per cent in the first five months (July to...
Dost Steels restructuring talks with Pak Kuwait Investment collapse
LAHORE: A bourse notification on Monday revealed Dost Steels Ltd’s debt restructuring negotiations have broken off with Pak Kuwait Investment Company (PVT)...
Overseas Pakistani’s to have bank accounts in Pakistan: SBP
DUBAI: To curb hundi and hawala systems of money transfer, State Bank of Pakistan is set to make it mandatory for overseas...
Rupee continues downward spiral, falls to Rs108.5 against US dollar
LAHORE: The rupee on Monday morning depreciated further against the US dollar to Rs108.5 in the inter-bank market after closing on Friday...
Dawood Lawrencepur to invest Rs280 million in Reon Energy
LAHORE: A bourse notification on Monday revealed Dawood Lawrencepur Limited’s (DLL) Board of Directors have approved investment of Rs280 million by subscription...
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...