PPIB Board allows execution of IAS, SIAs for power projects on Thar coal
ISLAMABAD: A meeting of Private Power and Infrastructure Board (PPIB) on Tuesday allowed execution of Implementation Agreements (IAs) and Supplemental to Implementation...
PSO receivables stand above Rs306bn
ISLAMABAD: Rebirth of the menace of circular debt has been causing the cash-flow constraints for Pakistan State Oil (PSO) as receivables of...
Petrol prices likely to go up Rs2.49
ISLAMABAD:Â Oil and Gas Regulatory (OGRA) has suggested the federal government increase per litre cost of petroleum goods by Rs 15.99 and consumers...
Lucky Cement records 6.8pc fall in profits for 1st quarter
KARACHI: Lucky Cement Limited reported a net profit of Rs 3.02 billion for the first quarter ended September 30, 2017, which is...
Exxon Mobil’s exit to jeopardise Pakistan’s LNG plans
ISLAMABAD/LONDON: Exxon Mobil has pulled out of a major project in Pakistan, in a potential blow to plans to boost imports of...
Mobile Banking, Internet Banking flourishing in Pakistan
ISLAMABAD: A total of 2.3 million Internet Banking users have been registered by end of June 2017, showing a reasonable annual growth...
Saudi prince backs extension of OPEC production cuts
RIYADH: Saudi Arabia’s crown prince says his country supports extending an agreement by major oil producers to limit output beyond next March.
Crown...
Central bank may intervene in open market to stave off pressure on PKR
KARACHI: As pressure keeps mounting on the rupee in open market due to immense demand of the greenback, there are chances that...
Political strain to keep PSX range bound next week
LAHORE: Pakistan Stock Exchange (PSX) is expected to stay range bound next week as political tensions built up since ousted PM Nawaz...
Exxon, Chevron profits surge as global oil prices rise
DALLAS: Buoyed by higher oil prices, profits are soaring at Exxon Mobil and Chevron.
Exxon said Friday that it earned nearly $4 billion...
China’s central bank to strictly regulate cash lending via internet
BEIJING: China is stepping up its oversight of cash loans offered through the internet amid growing concerns over rapid growth in the...
Technology giants Microsoft, Google and Amazon lead stock rally
NEW YORK: Some of the biggest companies in the world had their best day in years Friday as Microsoft and Alphabet soared...
Pakistani banks ignored as Chinese financing dominates CPEC
LAHORE: Pakistani banks are missing out on the China-Pakistan Economic Corridor (CPEC) boom as Chinese financial institutions fill in the gap of...
KAPCO acquires 17.37pc stake in Hubco for Rs22b
KARACHI: According to a bourse notification sent on Friday, Dawood Hercules Corporation has divested 17.37pc of its stake in Hub Power Company...
SBP signs MoU with the Central Bank of Philippines
KARACHI:Â The State Bank of Pakistan Governor Tariq Bajwa and Philippines Ambassador in Pakistan Daniel R Espiritu on behalf of Bangko Sentral NG...