MCB announces demerger of 90 branches, amalgamation into MIB
LAHORE: In a notification sent to the bourse on Wednesday, Muslim Commercial Bank (MCB) announced the demerger of ninety of its branches...
PPL signs gas sales agreement for Kandhkot
ISLAMABAD: Pakistan Petroleum Limited (PPL) executed a Gas Sales Agreement with Central Power Generation Company Limited (CPGCL) also known as GENCO II...
Hubco obtains $1.5b financing from China Development Bank for 1.32GW power plant
CHENGDU: Pakistan’s Hub Power Holdings Ltd (Hubco) has obtained $1.5b financing from a consortium of banks led by China Development Bank for...
Oil prices near four-week highs, as Saudi Arabia seeks to end supply glut
TOKYO: Oil prices were largely steady on Wednesday, hovering near a four-week high hit a day earlier after top exporter Saudi Arabia...
PSM land won’t be allowed to be sold, says: Sindh CM
KARACHI: Pakistan Steel Mills saga and controversy continues unabated as Sindh Chief Minister Syed Murad Ali Shah on Tuesday said the land...
Iran seeks revival of IP gas pipeline project
ISLAMABAD: Iran has again requested Pakistan to revive the Iran-Pakistan (IP) gas pipeline project amidst fierce opposition by Saudi Arabia and the...
Imprisonment up to 3 years for those involved in overbilling and wrong billing
-- NA standing committee approves 'The Regulation of Generation, Transmission and Distribution of Electric Power (Amendment) Bill 2017'
ISLAMABAD:Â Power Division Federal Minister Sardar...
Rs1914.770mn released for petroleum sector to date
ISLAMABAD: The government has so far released Rs 1914.770 million for the Petroleum and Natural Resources Division under the Public Sector Development...
Govt embarks upon programme of capacity expansion to meet growing energy requirements
-- Ansaldo Energia expresses interest in energy and water projects
ISLAMABAD: Prime Minister Shahid Khaqan Abbasi received Ansaldo Energia Chairman Giuseppe Zampini here on...
Punjab govt ignored vital components of agriculture growth strategy
LAHORE: Despite placing agriculture sector development at the forefront of its development agenda, Punjab government could not give attention to basic components...
PSO announces 1st quarter results, reports 33.7 per cent growth
KARACHI: Pakistan State Oil (PSO), the leading energy company in Pakistan, posted its profit of Rs 258.6 billion, up from 33.7 per...
Pakistan, EFTA states discuss possibility of signing PTA
ISLAMABAD: Pakistan and European Free Trade Association (EFTA) States agreed to explore future bilateral trade and investment opportunities. The first meeting of...
Water supply from Mangla Dam closed due to water scarcity
ISLAMABAD: The Indus River System Authority (IRSA) closed the water supply from Mangla Dam on Monday with immediate effect as Mangla power house indent...
NTC imposes 19.15% anti-dumping duty on steel re-bars
KARACHI: In its latest notice National Tariff Commission (NTC) has announced a definitive anti-dumping duty (ADD) of 19.15% on import of Deformed...
HBL announces retirement of Dar as CEO, other appointments
Current CFO will assume responsibilities as acting CEO until a new appointment is confirmedÂ
HBL board establishes post of chief operating...