Global oil prices inch upwards in wake of Saudi supply cut
Singapore:Â Oil markets were mixed on Friday, with Brent crude supported by expectations that Saudi Arabia could cut its October supplies, while U.S....
Price increase sought by oil refineries for jet fuel being provided to armed forces
Islamabad: A local newspaper has reported that oil refineries are seeking a price increase in jet fuel being provided to various segments...
Parliamentary panel on energy directs Ministry of Energy and Nepra to resolve deadlock
Islamabad: A local newspaper has reported that proposed changes in Regulation of Generation, Transmission and Distribution of Electric Power Bill 2017 has...
SEMC to face water extraction difficulties at Thar coal mining site
Islamabad:Â After reaching 90 metres depth at Thar coal mining site, the Sindh Engro Coal Mining Company (SECMC) encountered first water aquifer, which...
Power production rose 14pc on year-on-year basis
Karachi: A local newspaper has reported a rise of 14pc in power production during July reaching 12,396.63 gigawatt-hour (GWh) from 10,991.82 GWh...
Oil and gas sector contributed Rs1 trillion in revenues to national exchequer during 2016-17
Islamabad: A local newspaper has reported that the oil and gas sector was the major contributor to national exchequer by contributing over...
New York DFS fines HBL NY branch $225m
Karachi: The New York Department of Financial Services (DFS) said on Thursday that it had fined Habib Bank Limited (HBL) New York branch $ 225...
4,000MW electricity to be added in system, loadshedding to end in Nov: Abid
ISLAMABAD
Minister of State for Power Chaudhry Abid Sher Ali Thursday said the country had achieved the highest-ever power generation of 20,000 megawatts...
ADB recognises 2 Pakistani banks among 20 others in TFP Awards
ISLAMABAD
The Asian Development Bank (ADB) recognised two Pakistani banks, among 20 others in its third annual Trade Finance Programme (TFP) Awards, said...
Xinjiang’s 10-year textile plan poses serious threat to Pakistan’s textile sector
ISLAMABAD
Unlike the impression that China Pakistan Economic Corridor (CPEC) will open new doors of development in Pakistan, the textile sector here has...
Country’s energy sector to emerge as key factor in elections run-up: ADB
LAHORE
The energy sector is again emerging a key factor in the political landscape of Pakistan in the run-up to its national elections...
Industrial innovation survey to be conducted
Islamabad: Pakistan Council for Science and Technology (PCST) has planned to conduct its maiden ‘National Industrial Innovation Survey’ at a cost of...
Telecom equipment and mobile phone imports surge by 54pc in July
Islamabad: According to a report in a local newspaper, it has been observed that the tax incentives offered to the telecom sector...
Balochistan govt considering out of court settlement proposal for Reko Diq
Islamabad: An out of court settlement for the Reko Diq copper and gold mining project has been proposed to the Balochistan government...
PRGMEA urges revision of textile policy
SIALKOT
Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Central Chairman Ijaz Khokhar said the formulation of sector wise policies is the only...