Shell Pakistan Limited posts record profit after tax of PKR 6.764b
The Board of Directors of Shell Pakistan Limited announced the financial results for the year ended December 31, 2016. The Company posted...
OGRA & OCAC favor testing of petroleum products by independent lab
The Oil Companies Advisory Council (OCAC), a body that is engaged with refining and marketing companies has sought permission of the Ministry...
Jazz partners up with Saavn to provide free music streaming
Jazz, Pakistan’s largest telecom service provider has partnered with New York-based Saavn, South Asia’s leading audio entertainment streaming platform, to provide its...
Pakistan on radar for investors: Indian newspaper
An article appearing in an Indian newspaper, Economic Times has stated that Pakistan is on radar for investors who are willing to...
Jazz’s state-of-the-art NOC becomes operational
Jazz’s state-of-the-art Network Operations Center (NOC) has become operational as a step forward in company’s commitment to upgrade company’s operational performance. The...
Chinese companies to invest $35b in 19 power projects
Chinese companies will be investing $35 billion in 19 power projects which will generate 12,134 MW of electricity under the China-Pakistan Economic...
Car sales increase by 2.6pc to 124,923 units in July-Feb 2016-17
Total car sales of the local manufacturers and assemblers have touched 124,923 units, up by 2.6 per cent in the current fiscal...
First woman to head a major bank in Pakistan?
As per reports Sima Kamil, Head of branch banking at Habib Bank limited (HBL) could become the first woman to head one of the...
Hascol signs Aviation Operations and & Technical Services agreement with Vitol Aviation B.V
Hascol Petroleum has entered into a five-year aviation operations & technical services agreement with Vitol Aviation B.V Netherlands.This was notified through by...
Cost of electricity production up by 25% owing to rising oil prices
Despite government’s efforts of increasing electricity production in the country, the cost of electricity continues to increase. In January alone, the cost...
Commissioner SECP inaugurates Islamic Finance Center in Abbottabad
Commissioner SECP Zafar Abdullah inaugurated a new Islamic Finance Centre for the promotion of Islamic investments at the Abbottabad Sarmayakari Markaz on...
PSX sheds 500+ points as international oil price falls below $50/barrel
At about 3 p.m. local time, international crude oil prices fell below $50, reaching a low of $49.24/barrel, the lowest since December...
TCP issues fresh tender for exporting rice to Sri Lanka
The Trading Corporation of Pakistan (TCP) has issued a fresh tender for procurement of 5,000 tons Long Grain White Rice (IRRI-6) for export...
Govt releases Rs301.7b agri credit during first half of FY2016-17
The government has disbursed Rs301.7b agriculture credit during the first half of FY2016-17 through various banks and financial institutions against a target...
Hascol Petroleum to set up storage facility in Baluchistan
Hascol Petroleum Limited has announced in a notice sent to the Pakistan Stock Exchange (PSX) that it has entered into a 30-year...