Calls mount for new OPEC+ deal as oil prices and demand slide
MOSCOW/DUBAI/LONDON: Oil producers need to resume cooperation in an effort to stabilise the global market, Russian and OPEC officials said, as the...
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...
Oil prices climb amid U.S.-China trade talk optimism
International Brent crude futures were up 79 cents, or 1.3 percent, at $59.47 per barrel
System constraints causing problems for gas consumers: minister Â
Ghulam Sarwar Khan says steps are being taken to upgrade the existing pipelines so as to address issues pertaining to gas...
Oil prices climb on news of OPEC seen continuing supply cuts through 2018
SINGAPORE: Oil prices rose on Thursday as the producer cartel OPEC and other suppliers look set to continue withholding output for the...
10th IGATEX Pakistan 2017 exhibition kicks off today
In the backdrop of improved law and order situation of the city, the exhibitors and organizers of international Pakistan textile machinery and...
Oil dips on Sino-U.S. trade conflict, but looming Iran sanctions support
International Brent crude oil futures were at $77.70 per barrel at 0232 GMT, down 7 cents from their last close
Govt considers setting up mobile power plants
The government is considering setting up short term mobile power plants since the delay in the  ongoing power projects has attracted criticism...
PSO’s receivables balloon to over Rs300 billion
ISLAMABAD: Pakistan State Oil’s financial woes continue as its receivables are said to have swelled over Rs300 billion.
The state-owned oil marketing giant is...
One-window operation urged to avoid unnecessary delays in CPEC execution
ISLAMABAD:Â The government remains optimistic about CPEC amidst provincial and regional concerns of tax exemptions to a Chinese company and lack of clarity...
Nepra approves reduction in power tariff of Rs 2.23 per unit
Islamabad: National Electric Power and Regulatory Authority (NEPRA) today approved a power tariff reduction of Rs2.23 per unit for June on account...
Promotion of SMEs, women entrepreneurs top on SCCI’s agenda
SIALKOT:Â President Sialkot Chamber of Commerce and Industry Zahild Latif Malik has said that the promotion of SMEs and women entrepreneurs are at...
Oil prices rise, but still set for weekly fall amid equities rout
OPEC cut its forecast of global demand growth for oil next year for a third straight month, citing headwinds facing the broader economy from trade disputes and volatile emerging markets
PSO borrowings from banks surge to Rs130.5b
Islamabad: Pakistan State Oil’s (PSO) borrowing from banks has surged to Rs130.5b due to default of payments by Pakistan International Airlines (PIA)...
Smuggling, a major hurdle in Pak-Afghan trade
LAHORE: Smuggling is obstructing the legal trade between Pakistan and Afghanistan, therefore, this issue should be tackled through rationalizing and removing the...