Solar energy adoption could save Pakistan around 6,000MW of electricity
LAHORE: Promotion of solar energy can save up to 6,000 megawatts of electricity of the national grid, besides reducing load from the power distribution system.
Institute of...
World Bank to provide $130 million funding for efficient water usage
ISLAMABAD: To promote water usage efficiency among farmers in Punjab, World Bank has approved additional funding of $130 million.
The purpose of providing...
Govt pledges gas sector reforms won’t damage SNGPL returns
ISLAMABAD: The government has promised Sui Northern Gas Pipelines Limited (SNGPL) that its proposed gas sector reforms won’t impact the company, shareholders...
Exxon eyes foray into Egypt’s offshore oil and gas reserves
VIENNA: Exxon Mobil is considering a foray into Egypt offshore oil and gas, seeking to replicate rivals’ success in the country and...
ATM hacking’s cause HBL Rs10 million losses
KARACHI: Bank customers in Karachi have come under duress after reports surfaced a number of ATM users were defrauded after experiencing unauthorized...
Powerful smog
Earlier this month the PM2.5 levels in Lahore went beyond 1,000 micrograms per cubic meter, which is 30 times more than the...
Dewan Motors introduces all-new BMW 5 Series at German CG Karachi
KARACHI: Dewan Motors with German Consul General, Rainer Schmiedchen on Friday evening launched the all-new BMW 5 Series at a dinner at...
Could Pakistan become China’s Venezuela?
LAHORE: As China keeps pouring money into China-Pakistan Economic Corridor (CPEC), could Pakistan be in danger of becoming another Venezuela?
An opinion piece published...
Citibank foresees Pakistan continuing its growth trajectory aided by CPEC
KARACHI: After ceasing its commercial banking operations in 2012, Citibank says it expects Pakistan’s economy to continue its growth trajectory in wake...
Exxon Mobil merging oil refining, marketing divisions to boost profits
TEXAS: Exxon Mobil Corp is merging its refining and marketing divisions to boost profits from its downstream businesses, the first major restructuring...
OGRA starts consultative sessions for review of existing gas tariff scheme
ISLAMABAD: Oil and Gas Regulatory Authority in partnership with World Bank (WB) has launched a series of consultative sessions across Pakistan to...
Wall Street regains composure after initial slide
NEW YORK: Wall Street took investors on a turbulent ride Friday as stock indexes veered into a steep slide that knocked 350...
Successful bond float could help to rein in rupee depreciation
KARACHI: Pakistan’s successful bond float of $2.5 billion from international debt markets has raised prospects of pressure easing on the rupee, which...
Saudi Arabia’s $300 billion privatization program hits snags
RIYADH: Saudi Arabia’s $300-billion privatization program was billed as the sale of the century when Crown Prince Mohammed bin Salman unveiled his...
OPEC cartel decides to extend production cut till end-2018
VIENNA: The OPEC cartel and a group of allied oil-producing nations agreed Thursday to extend crude output cuts until the end of...