OCAC seeks two years to meet regulatory requirements
Islamabad: Oil Companies Advisory Council (OCAC), a consortium of various oil marketing companies and refineries has sought one to two years for...
Ogra orders Shell to pay $2m fine for massive tanker blast
Islamabad: Pakistan's oil and gas regulator on Friday ordered the local subsidiary of Royal Dutch Shell to pay at least 210 million...
Slow speed of internet to persist for few more days across Pakistan
Islamabad: Significant number of internet users have been experiencing slow internet speed from last few days during peak hours while few areas...
Current account deficit surges by 131pc during FY 2016-17
Karachi: The State Bank of Pakistan on Thursday revised the figures for the current account deficit (CA) which increased to $10.64b, surging...
Gazprom, OGDCL sign MOU for exploration and development of gas fields
Islamabad: Pakistan’s Oil and Gas Development Company Limited (OGDCL) and Russia’s Gazrprom International have signed a Memorandum of Understanding (MOU) in Moscow...
Pakistani mangoes fail to capture US market
Karachi: Despite getting approval for zero duty under the generalised system of preferences (GSP) six years ago, Pakistani mangoes have failed to...
Tax exemption on IT exports to fuel growth
ISLAMABAD: Â The federal government has allowed tax exemption on exports of information technology (IT) products and services till June 2019 in federal...
Investable funds shifting to unproductive sectors: PBIF
KARACHI
Pakistan Businessmen and Intellectuals Forum (PBIF) President Zahid Hussain on Wednesday said laws governing economy have continued to prefer trade over the...
Cut out the middlemen, increase profits
Pakistan’s textile exports have been falling at 3.5 per cent per year since fiscal 2013. Yet Feroze1888 Mills Limited has increased its...
Oil and gas exploration increases 79pc
Islamabad: Pakistan witnessed an increase of around 79 percent in oil and gas exploration activities in different potential areas during the last...
Pakistan Steel Mill losses touch Rs177.78b
Islamabad: Pakistan Steel Mills (PSM) losses have reached a staggering Rs177.78b according to officials. The liabilities of PSM have massively increased, out...
Development of SEZ’s to play important role in future of CPEC says: Ahsan Iqbal
Islamabad: Federal Minister for Planning, Development and Reform Ahsan Iqbal assured that China-Pakistan Economic Corridor (CPEC) will not harm domestic industries and...
Qatar mulls to increase LNG production amidst isolation by neighbours
Doha: The energy-rich Gulf nation of Qatar, facing further isolation from its neighbors amid an ongoing diplomatic rift, said Tuesday it plans...
Power shortfall soars in Punjab as LNG supply gets curtailed
Lahore: A technical fault developed at the LNG terminal owned by Engro Corporation on Wednesday that caused the LNG supply to be...
60 LPG-air mix plants to be installed countrywide
ISLAMABAD
The government is setting up over 60 Liquefied Petroleum Gas (LPG) air mix plants in selected areas to facilitate consumers where natural...