Failure to lift furnace oil could cost PSO millions of dollars
ISLAMABAD: The government’s ban on furnace oil-based power plants has created a financial nightmare for Pakistan State Oil as it faces payments...
Diamer-Bhasha dam gets excluded from CPEC
ISLAMABAD: China’s demand of ownership rights and other strict conditions for Diamer-Bhasha dam has forced Pakistan to exclude this project from China-Pakistan...
Ex-Finance minister refused to release funds for Naulong Dam
ISLAMABAD: Ex-chairman Water and Power Development Authority (WAPDA) Shakil Durrani on Tuesday urged the Public Accounts Committee (PAC) to call former finance...
Industrial sector to grow 7pc in FY18, 7.7pc in FY19: World Bank
ISLAMABAD: Pakistan’s industrial sector is expected to grow to 7 per cent in Fiscal Year 2018 because of continued construction activity coupled...
Oil prices fall after IEA casts uncertainty over demand outlook
SINGAPORE: Oil prices tumbled on Wednesday, continuing Tuesday’s slide after the International Energy Agency cast doubts over the past months’ narrative of...
Pakistan looking towards partnerships with foreign companies in energy sector
KARACHI: Petroleum Division Minister Jam Kamal Khan has said the country has significant consumption of energy, with its GDP growth anticipated at...
PM chairs ECC meeting regarding taxation, refinancing, guarantees
ISLAMABAD: Prime Minister Shahid Khaqan Abbasi chaired the meeting of Economic Coordination Committee of the Cabinet at PM Office today.
The meeting approved...
Pakistan imposes duty on imports of Indian fine cotton yarn
ISLAMABAD: In order to save the domestic market, National Tariff Commission (NTC) has imposed 5.6 per cent to 14.5 per cent anti-dumping...
Tarbela 4th extension project to be commissioned in Feb: WAPDA Chairman
LAHORE: The long-awaited Tarbela 4th Extension Hydropower Project will be commissioned in February 2018 with its first unit going into operation, while...
Computer service exports increase 32pc during July & August 2017
ISLAMABAD: The export of computer services grew over 30 per cent year-on-year to over $111 million during the first two months of...
Fertilizer exports surge by 100pc during 1st quarter FY 2017-18
ISLAMABAD: Pakistan earned US$ 26.372 million by exporting fertilizer during first quarter of current financial year 2017-18 against exports in same period...
No big companies expected to exit LNG projects
ABU DHABI: Pakistan does not anticipate any more major companies will pull out of the liquefied natural gas (LNG) projects after the...
Oil trading remains restrained amidst tension in Middle East
SINGAPORE: Oil trading was cautious on Monday amid ongoing tensions in the Middle East and after a rising rig count in the...
Pakistan’s public debt skyrockets, touching Rs21.770 trillion by end of August
KARACHI: Figures released by State Bank of Pakistan revealed the country’s public debt touched Rs21.770 trillion by end of August, compared to...
US oil exports to Asia keep increasing, creating problems for OPEC
LAUNCESTON, Australia: U.S. crude oil is flooding into Asia, and may continue to do so as the arbitrage window that was initially...