Unilever begins search for new CEO
LONDON: Consumer goods maker Unilever NV has begun working with executive search firm Egon Zehnder International to help to identify a successor to Chief Executive...
US crude oil touches two-year highs, as supplies tighten
SINGAPORE: U.S. crude oil hit fresh two-year highs on Friday, as the shutdown of a major crude pipeline from Canada to the United States...
Local tyre manufacturers welcome rise in import duties
LAHORE: The imposition and increase of regulatory duties on various categories of tyres has been endorsed by the country’s leading tyre manufacturers.
The governments move...
Loadshedding could rise, as power crisis expected to worsen
ISLAMABAD: The governments promise of ending power outages seems farce as reduction in gas supply caused power plants generating 3,000MW of electricity to go...
Govt requests third extension for Dasu Dam deadline
LAHORE: The government has requested the World Bank for extending the 2,160 MW Dasu Dam deadline for the third time to utilise credit allocated...
PM urges foreign firms to avail exploration opportunities in Pakistan
ISLAMABAD: Prime Minister Shahid Khaqan Abbasi on Thursday urged the foreign companies to exploit the vast exploration opportunities in Pakistan as the security situation...
Oil companies warn for halting operations to produce POL products
KARACHI: Almost all the oil refineries including Byco and Parco in Pakistan warned the government to stop production of Furnace Oil in next few...
Siemens Gamesa to supply 50 MW turbine generators for zephyr power
KARACHI: Siemens Gamesa will be supplying 25 units of G114 2.0 MW Wind Turbine Generators for Zephyr Power (Pvt.) Limited, which will be generating...
NEPRA approves Rs 2.23 per unit cut in power tariff
ISLAMABAD: Good news for already burdened masses, National Electric Power Regulatory Authority (NEPRA) has approved Rs2.23 per unit reduction in the power price under...
United Auto joins fray, outlines plan to start car manufacturing in Pakistan
LAHORE: United Auto Industries has outlined plans to start car manufacturing in Pakistan and is the country’s second largest selling brand, an advertisement published...
Electricity access to least developed countries could bring them out of poverty: UN report
BANGKOK: The world’s least developed countries need access to electricity if they are to break out of poverty, according to a U.N. report that...
Asian stock markets flat, as Fed plots interest rate rise in US
TOKYO: Asian stock markets were largely flat on Thursday with investors in the U.S. markets going on a Thanksgiving holiday and the Fed minutes...
Oil prices slightly down, as US crude reaches two-year highs
SINGAPORE: Oil prices eased on Thursday, with U.S. crude dipping away from two-year highs reached the day before, but the shutdown of the Keystone...
Tainted officer gets appointed to post of director general HDIP
ISLAMABAD: Controversial appointments seem to be a forte of the present government as it appointed a tainted officer, Muhammad Azam to the post of...
Pakistan is slowly taking jobs away from India’s IT industry: Report
LAHORE: Indian IT outsourcing industry juggernaut is being undercut by a resurgent Pakistan as over 125 people lost their jobs in a US-based IT...
