PAC directs investigation into appointment of ex-MD Nandipur power project
Islamabad: Public Accounts Committee (PAC) on Thursday decided to investigate a Punjab government officer responsible for managing the operations of the cash-bleeding...
Next stage of CPEC begins, as priorities shift towards industrial parks
Islamabad: After completing work on early harvest energy projects, China-Pakistan Economic Corridor is taking the next step towards finalizing recommendations coming Tuesday...
SBP directs money changers to ensure 1pc reduction in open-market rate of dollar
Karachi: State Bank of Pakistan on Thursday held a meeting at its headquarters with money changers and directed them bring to reduce...
FBR wants to work with business community to increase country’s tax base
Islamabad: Federal Board of Revenue (FBR) Chairman Tariq Mahmood Pasha said on Wednesday that the FBR wanted to engage the business community...
Maple Leaf Cement’s 40MW coal-fired power plant starts production
Lahore: In a notification sent to the bourse on Thursday, Maple Leaf Cement Factory Limited announced the commencement of operations of its 40MW coal-fired...
Oil prices fall slightly as US fuel inventories rise
Singapore: Oil prices eased on Thursday as U.S. fuel inventories rose despite efforts by OPEC to cut production and tighten the market.
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KP, Punjab protest over delays in signing of power-purchase agreements
Islamabad: Punjab and Khyber-Pakhtunkhwa have voiced their protest over the non-signing of power purchase agreements (PPA), as both provinces are supplying electricity...
GB/AJK regions in line to get 3G/4G services by Feb 2018
Karachi: In good news for consumers in Azad-Jammu Kashmir and Gilgit-Baltistan, Pakistan Telecommunication Authority has plans to bring blazing fast 3G and...
ECAP says rising US dollar rate in open market swaying people towards hawala and hundi
Karachi: Exchange Companies Association of Pakistan (ECAP) reported a disparity between the dollar rate on Wednesday which was Rs107.30-60 in open market...
Power tariff hike: Nepra expected to announce up to Rs2 per unit increase for Discos
Islamabad: National Electric Power Regulatory Authority (NEPRA) is shortly expected to announce a tariff increase of up to Rs2 for ex-Wapda distribution...
Global oil prices inch upwards for third straight day, as 2018 outlook looks unpredictable
Singapore: Oil prices edged up on Wednesday, rising for a third day, on signs that markets are gradually tightening after years of...
Marred by conflicts, GHPL MD’s tenure ends without release of 3 years’ salary
Islamabad: Government Holdings Private Limited (GHPL) outgoing managing director has completed his three-year tenure without getting his dues due to dispute over...
NEPRA fixes K-Electric multi-year tariff at Rs12.77 per unit
Islamabad: Much to the chagrin of K-Electric, National Electric Power and Regulatory Authority (NEPRA) on Tuesday announced to raise the multi-year tariff...
NBP in financial doldrums, as it assesses impact of Rs47.8b penalty by Supreme Court
Islamabad: National Bank could be in danger of a financial meltdown as its equity will get eroded by 1/4th said its President...
Two years delay in approval of FRR by OGRA causes billion rupees loss to national exchequer
ISLAMABAD: Two year delay in the approval of final revenue requirements of (FRR) of gas utility (SNGPL) from Oil and Gas Regulatory...