Oil rises on hopes OPEC will extend supply cuts
HOUSTON: Oil rose above $59 a barrel on Wednesday, gaining support due to signs that OPEC and allied producers will make further...
Automakers around world await Trump tariff decision
WASHINGTON: Automakers around the world are awaiting a decision from US President Donald Trump on whether he will impose up to 25pc...
US allows Chevron to continue Venezuelan operations till April 22
CARACAS: The US Treasury Department on Saturday renewed a license allowing Chevron, the last US energy company operating in Venezuela, to continue...
Oil slides towards weekly loss on excess supply worries
LONDON:Â Oil prices fell for a sixth day on Friday, and were on track for their biggest weekly loss in 10 months, as...
Govt urged to reduce inconsistencies between taxes on input, output in fertilizer industry
ISLAMABAD: The government has been urged to decrease taxes on utilization of gas as feedstock to end inconsistency between taxes on input...
CCoE may authorize a committee to engage with power plants for reduction in tariff of sugar mills
The move is part of the caretaker govt's concerted efforts to address escalating electricity prices.
World needs Huawei’s ‘advanced’ technology, founder of Chinese telecom giant says
The normally media-shy Huawei founder has been forced to step into the limelight in recent months as the company has come under increasing pressure over espionage concerns and the U.S.-led campaign to persuade other countries to ban its technology
Another power tariff hike by Rs3.53 per unit under FCA of October on the cards
ISLAMABAD: Power Distribution Companies (DISCOs) except K-Electric in a bid to give another shock to the already burdened power consumers has sought...
Sindh, Punjab faced major water shortage during October-March
ISLAMABAD: The Indus River System Authority (IRSA) said on Monday, Punjab faced 31 percent water shortage, Sindh 32 percent, Balochistan 7 percent...
Govt finalising scheme to support SMEs: minister
ISLAMABAD: The government is finalising a scheme to support small and medium industries across all sectors and it would be announced shortly,...
China denies asking firms for foreign data as TikTok row heats up
Pressure is building on the massively popular video-sharing app -- owned by the Chinese firm Bytedance -- to obtain new ownership or lose access...
SBP presents draft law to parliamentary panel for curbing money laundering
ISLAMABAD: To rein in money laundering, State Bank of Pakistan has suggested a legal amendment which would permit law-enforcing agencies to question...
Oil prices rise, buoyed by Iran sanction worries
London Brent crude for new July delivery was up 21 cents at $74.90.
China to slap additional tariffs on $16 billion of US goods
BEIJING/WASHINGTON: China is slapping additional tariffs of 25 per cent on $16 billion worth of US imports from fuel and steel products...
WB approves $825mn loan to support power transmission, health, education
ISLAMABAD: The World Bank (WB) on Monday approved an $825 million funding for Pakistan to bolster its electricity transmission and distribution network,...