Oil prices reach two-year highs, as markets tighten, Saudi crackdown
SINGAPORE: Oil prices hit their highest levels since July 2015 early on Monday as markets tightened, while Saudi Arabia’s crown prince cemented...
Another feather in Sialkot’s much-festooned cap
Amongst the town and cities of the undivided Punjab – quite like, Jalandhar, Amritsar, Lyallpur, Ludhiana and Hoshiarpur – Sialkot, the north-eastern...
Financial inclusivity: Where does Pakistan stand?
Pakistan is a lower middle-income economy, located in the heart of South Asia, with a GDP estimated at $284 Billion (2016), and...
The cost of surplus power
Prime Minister Shahid Khaqan Abbasi recently said that the country would experience an electricity surplus in the region of 2,400-3,400 MW by...
Engro sets sight on early 2019 for start of new LNG terminal in Karachi
KARACHI: Pakistani conglomerate Engro Corp expects to complete building its second liquefied natural gas (LNG) terminal in early 2019, a senior company...
Government to raise Rs4.375t from auction of t-bills, long-term papers
KARACHI: State Bank of Pakistan (SBP) on Friday disclosed the government intends to raise Rs4.375 trillion from banks through sale of treasury...
Microfinance banking industry registered 52.5pc growth during FY 2016-17
ISLAMABAD: State Bank of Pakistan (SBP) revealed that Microfinance Banking Industry witnessed a surge in growth of 52.5pc during last financial year...
Non-performing loans stood at 9.3pc during Q2 FY 2017-18
ISLAMABAD: The Non-Performing Loans (NPLs) during the second quarter of the fiscal year 2017 stood at Rs614,816 million against total advances of...
OCAC refutes Honda’s allegation, says fuel sold locally meets regulatory requirements
ISLAMABAD: Pakistan’s fuel suppliers said on Friday that gasoline sold locally meets regulatory requirements following a complaint filed by Honda Motor Co’s...
Market Daily: KSE 100 gains 565.13 points
LAHORE: The Pakistan Stock Exchange (PSX) opened the session with a positive outlook as investors found this to be an opportunity to...
Cement capacity utilisation touches 93pc in October
KARACHI: Cement consumption continued to surge in October 2017 as the monthly despatches of the commodity reached a record high of 4.222...
15 projects of alternative energy to be completed by Nov 2018: Sardar Awais
ISLAMABAD: Power Minister Sardar Awais Ahmed Khan Leghari on Friday said 15 projects of alternative energy will be completed by November 2018,...
SECP embargoes brokers’ engaging unauthorized agents, freelancers
ISLAMABAD: The Securities and Exchange Commission of Pakistan has put an embargo on stock market brokers disallowing them to work with outsiders...
Zong 4G upgrades its backbone transmission network to 100Gbps
KARACHI: In order to keep up with its fast-rising subscriber base, Zong 4G has successfully expanded its backbone transmission network from multiples...
Puma Energy expands operation in Pakistan
KARACHI: Puma Energy, the globally integrated midstream and downstream energy company, has successfully concluded an agreement with the Chishti Group to acquire...