Conversion of furnace-oil power plants to LNG be prioritized says: PM
Islamabad: As the power shortfall once again crossed over 5,000MW on Tuesday with generation recorded at 18,500MW and demand at 23,500MW, Prime...
Arif Habib Corporation to establish 330-megawatt coal power plant in Thar
Karachi: Arib Habib Corporation Chairman, Arif Habib announced on Tuesday at the Karachi Press Club that his company will be establishing a...
China offered to establish deep-country oil refinery in Lahore
Islamabad: China has been extended an offer by Pakistan for setting up a mid-country deep-conversion oil refinery in Lahore, according to officials.
This...
Pakistan’s economy suffered Rs1b loss due to IMEWE submarine cable fault
Islamabad: Pakistan’s economy had to bear an estimated loss of Rs1 billion owing to recent fault in submarine cable whereas Pakistan Telecommunication...
PTA contributed Rs1.7t in last four years to national exchequer
Islamabad: Pakistan Telecommunication Authority (PTA) had contributed Rs 1.707 trillion in national exchequer in last four years.
According to a document available with...
Summit Bank Limited Bod gives go-ahead for merger with Sindh Bank
Karachi: On Monday, Summit Bank Limited’s Board of Directors gave approval for its merger with Sindh Bank. The merger will take place...
Dar to unveil electronic transfer system today for RPO funds transfer to exporters
Islamabad: In an event to be held today at the Federal Board of Revenue, the Finance Minister Ishaq Dar will unveil an...
Big retailers to be brought into tax net says: FBR
Karachi: Big retailers of the country are now being targeted by the Federal Board of Revenue as it sought to take action...
PSO reports 43.63pc increase in profits for FY 2016-17
Karachi: In a notification sent to the bourse on Tuesday, Pakistan State Oil reported its earnings for the financial year ended 2016-17.
PSO...
Pakistan’s petroleum sector attracted $10b investment in last four years
Islamabad: The petroleum sector attracted over $10 billion in foreign investment, despite a tame international oil market during the last four years,...
SSGC seeks sovereign guarantees for installing LPG air-plants
Islamabad:Â According to sources, Sui Southern Gas Company (SSGC) is seeking the federal governments help to offer sovereign guarantees worth for billions...
Engro Polymer reports staggering 809pc increase in profits
KARACHI: In a notification sent to the bourse on Monday, Engro Polymer and Chemicals Limited announced its earnings for the quarter ended...
Circular debt of power sector crosses Rs800b
Islamabad: Circular debt in the power sector has reached Rs800b according to Pakistan Electric Power Company (Pepco).
It was shared in a recent...
NBP to receive preparatory license to open branch in China
BEIJING
The National Bank of Pakistan (NBP) will be granted a preparatory license by the Chinese government to establish a branch in the...
Punjab Agriculture Department, USAID advance emerging olive sector in Potohar
CHAKWAL
During the first annual meeting of the Olive Development Group (ODG), the USAID Punjab Enabling Environment Project (PEEP) and the Allied Foods...