POL local production up by 10.26pc in eight months
ISLAMABAD:Â The production of petroleum products has witnessed a 10.26 per cent increase during the first eight months (July-February) in the current fiscal...
Oil prices decline on potential supply hikes; Trump-Putin eyed
Supply outages in Libya and strike action in Norway and Iraq pushed oil prices higher late last week, although prices still ended down for a second straight week
MD SNGPL claims improvement in gas supply to CNG outlets
Managing Director of the Sui Northern Gas Pipelines Limited (SNGPL) has claimed that supply of gas to the CNG outlets will be...
Commerce Minister for improving competitiveness of export products
ISLAMABAD: Federal Minister for Commerce Muhammad Pervaiz Malik said that for making Pakistan a stronger economy, a rapid increase in exports was...
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...
LSM output declined 16.08 percent in April compared to March
On a monthly basis, food beverages and tobacco posted 2.97 percent growth, auto sector 1.64 percent, non-metallic mineral products including cement 1.51 percent, coke and petroleum products 1.12 percent
Saudi Aramco’s profit plunges, sees signs of oil market recovery
DUBAI: State oil giant Saudi Aramco’s profit plunged 73 per cent in the second quarter of the year, as a slump in...
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
Saudi Arabia says new oil cuts show teamwork with Russia is strong
Russia-Saudi oil cooperation is still going strong as part of the OPEC+ alliance, which will do "whatever necessary" to support the market,...
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,...
PBIF asks govt to discourage wheat imports
Pakistan Businessmen and Intellectuals Forum (PBIF) president and former provincial minister Mian Zahid Hussain on Wednesday asked the government to increase regulatory...
Caretaker Energy Minister battles for DISCOs, rejects NEPRA report on DISCOs over billing irregularities
ISLAMABAD: Caretaker Federal Minister for Energy, Muhammad Ali, has taken a staunch stance in support of the allegedly corrupt power distribution companies...
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...
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...
Current account deficit can be contained in coming months, says: SBP
ISLAMABAD: The State Bank of Pakistan voiced hope the current account deficit could be reined into a manageable level in the next...