KPMG report suggests OGRA to permit 7.1pc UFG allowance for SSGC and SNGL
Karachi: Consultant KPMG Taseer Hadi and Co hired by Oil and Gas Regulatory Authority to provide independent advice for the proposed breakup...
Pakistan’s exports to Spain rose 5.43pc for FY 2016-17
Islamabad: The GSP+ plus facility which was introduced to boost Pakistani exports to the European Union (EU), seems to have paid dividends,...
SSGC intensifies effort to control natural gas theft
KARACHI
Spurred on by the Gas Theft Control and Recovery Act 2016, passed by the current National Assembly, SSGC has intensified its efforts...
Govt finalises plan to end electricity crisis prior to elections 2018
ISLAMABAD
The federal government has finalised a plan to end electricity crisis prior to next general elections in the country by rationalising the...
OGDCL, MOL Group sign MoU on strategic cooperation
ISLAMABAD
The Oil and Gas Development Company Limited (OGDCL) and MOL Group have announced forming a strategic cooperation initiative for evaluating future potential...
Senate committee expresses concerns over non-availability of agri-credit
ISLAMABAD
Senate’s Standing Committee on National Food Security and Research here on Wednesday expressed its concerns over the non-availability of credit for the...
Asset base of Islamic banking industry grew by 8pc during April-June 2017 quarter
Karachi: An Islamic Bulletin Banking report issued by the State Bank of Pakistan on Monday revealed that the asset base of the...
Kohinoor Mills reports 12.77pc increase in profits for FY 2016-17
Karachi: In a notification sent to the bourse on Thursday, Kohinoor Mills Limited reported its financial year results for 2016-17 ended 30th...
Global oil prices stay mixed amidst report of rise in US crude stockpiles
Tokyo: Oil prices were mixed on Wednesday, dampened by reports of rising U.S. crude stockpiles but retaining some of the gains made...
Trafigura planning to open second LNG import terminal in Pakistan
London: Commodities trader Trafigura said it plans to open a further liquefied natural gas (LNG) import terminal in Pakistan as traders move...
Bitcoin is a sham, says JP Morgan CEO
New York: Bitcoin “is a fraud” and will blow up, Jamie Dimon, chief executive of JPMorgan Chase & Co said on Tuesday.
Speaking...
Proposed break-up of SSGC and SNGPL unprofitable says: KPMG
Islamabad: The proposed break-up of SSGC and SNGPL into five public distribution companies has been opposed by independent consultants KPMG Taseer Hadi...
Private sector set to invest $120m for building 4th LNG terminal at Port Qasim
Karachi: A local newspaper has reported that leading business houses from the private sector are planning to invest $120m for building a...
Govt likely to regulate LPG price within two weeks
ISLAMABAD
The government is set to impose a levy on Liquefied Petroleum Gas (LPG) sector in a bid to collect Rs 2 billion...
VMware, Meezan Bank to expand IT Infrastructure through virtualisation
ISLAMABAD
VMware Inc., a global leader in cloud infrastructure and business mobility, has recently signed an agreement with Meezan Bank, Pakistan’s first and...