Oil tankers association strike called off amidst reassurances from Sindh Governor
Karachi: The All Pakistan Oil Tankers Association (APOTA) has called off its plan to hold a strike which was due to start...
Trafigura to acquire 51pc stake in Pakistani oil marketing company, Admore
Lahore: Geneva based Swiss oil trading company Trafigura has shown an interest in acquiring Pakistani oil marketing company Admore for $40m.
Trafigura is...
Sinopec may be awarded oil and LNG supply contract
Islamabad: Sinopec, one of China’s largest energy conglomerate could be assigned multi-billion-dollar oil import and LNG supply contracts on a government-to-government approval...
FBR failed to take action against 330 individuals reported for money laundering
Islamabad: The State Bank of Pakistan’s Financial Monitoring Unit (FMU) last year had accused 330 people of having laundered money abroad, but...
Govt urged to control fall in forex reserves and exchange rate
Islamabad: The Pakistan Economy Watch (PEW) on Sunday asked the government to stem fall in forex reserves and exchange rate.
The fall in...
Industrial sector expected to grow by 7.3pc during current FY 2017-18
Islamabad: Keeping in view the performance of prevision year, the industrial sector of the country is targeted to grow by 7.3 percent...
Neelum-Jhelum, Tarbela hydro projects likely to start working by early 2018
ISLAMABAD: Two hydel power projects, 969 MW Neelum-Jhelum Hydel Power Project (NJHP) and 1,410 MW Tarbela 4th Extension project, of total 2379Â MW...
Bank of China could commence operations by end of September says: SBP
Karachi: According to official spokesman, Abid Qamar of the State Bank of Pakistan (SBP) on Friday said, the Bank of China (BOC)...
APBF asks new govt to adopt holistic approach for economic growth
Karachi: As the prime minister and his new cabinet have taken the charge, the All Pakistan Business Forum president Ibrahim Qureshi has...
CPPA approaches Nepra to approve tariff refund of Rs1.71 for July
Islamabad: Central Power Purchasing Agency (CPPA) on Thursday submitted an application for tariff refund of Rs1.71 for July 2017 to National Electric...
Engro Corporation reports drop of 3pc in net earnings for April-June 2017
Karachi: In a notification sent to the bourse on Friday, Engro Corporation reported its earnings for the April-June 2017 quarter which ended...
CNG sector set to be waived off 50pc payment owed under GIDC
Islamabad: The Gas Infrastructure Development Cess (GIDC) Act 2015 is planned to undergo some revisions by the incumbent government, which would allow...
SBP set to submit report next week on rupee’s depreciation
Karachi: A spokesman for State Bank of Pakistan (SBP), Abid Qamar on Friday disclosed that the committee setup to investigate the sudden...
87pc of work completed on Tarbela 4th extension power project
Islamabad: Around 87 per cent work has been completed on the Tarbela 4th Extension Power Project so far and its Unit 17...
Polish company to drill 14 exploration wells for hydrocarbon reserves
Islamabad: A Polish oil and gas company, PGNiG, would drill 14 exploration wells in hydrocarbon potential areas during the current year.
"The company...