Chinese authority’s issue order to cease Bitcoin trading
Shanghai: Chinese authorities have ordered Beijing-based cryptocurrency exchanges to stop trading and at once notify users of their closure, signaling a widening...
Global oil prices near 5-month highs on forecasts of rising demand
New York: Brent oil prices held near five-month highs on Friday, and were on track for the biggest weekly gain since late...
Sindh declines to fund incentive package for CPEC SEZs
Karachi: In a setback for setting up of SEZs under CPEC, Sindh government declined to provide funds for a special incentive package,...
SNGPL shuns KPMG report on UFG losses
Islamabad: Sui Northern Gas Pipelines Ltd (SNGPL) has shunned KPMG Taseer Hadi and Co’s report pertaining to unaccounted for gas (UFG) losses...
Petrol shortage feared as stocks fall to alarmingly low level
Islamabad: A local newspaper reported that falling stocks of POL products could lead to a shortage over the next few days.
All POL stocks...
PM directs power ministry, heads of DISCOs to improve efficiency
ISLAMABAD
Prime Minister Shahid Khaqan Abbasi Friday directed Ministry of Power and the heads of the power distribution companies (DISCOs) to come up...
OGDCL profits disappoint as increase of 6.3pc reported for FY 2016-17
Karachi: In a notification sent to the bourse on Friday, Oil and Gas Development Company Ltd announced its results for the financial...
Pakistan Petroleum Ltd profits surge by 107pc for FY 2016-17
Karachi: In a notification sent to the bourse on Friday, Pakistan Petroleum Limited (PPL) announced its results for the financial year 2016-17...
Post penalty HBL appoints ex-SBP governor Ashraf Wathra as consultant international operations
Profit Exclusive
Lahore:Â Taking cognizance of the negative fallout of its exit from the United States, on top of a hefty US$225 million fine,...
Kohinoor Textile Mill reports 9.33pc increase in profits for FY 2016-17
Karachi: In a notification sent to the bourse on Thursday, Kohinoor Textile Mills Limited (KTML) announced its annual financial results for the...
Senators raise questions over perks being granted to PSO MD
 Islamabad: Senators on Wednesday questioned the salary, allowances and perks being  enjoyed by Pakistan State Oil (PSO) Managing Director Imranul Haque.
During the...
KPMG report suggests OGRA to permit 7.1pc UFG allowance for SSGC and SNGL
Karachi: Consultant KPMG Taseer Hadi and Co hired by Oil and Gas Regulatory Authority to provide independent advice for the proposed breakup...
Pakistan’s exports to Spain rose 5.43pc for FY 2016-17
Islamabad: The GSP+ plus facility which was introduced to boost Pakistani exports to the European Union (EU), seems to have paid dividends,...
SSGC intensifies effort to control natural gas theft
KARACHI
Spurred on by the Gas Theft Control and Recovery Act 2016, passed by the current National Assembly, SSGC has intensified its efforts...
Govt finalises plan to end electricity crisis prior to elections 2018
ISLAMABAD
The federal government has finalised a plan to end electricity crisis prior to next general elections in the country by rationalising the...