Major oil refiners shut down as coronavirus destroys demand
ISLAMABAD: A number of refineries in the country are either curtailing operations or shutting down entirely as oil demand declines in the...
Cement consumption falls 16.7pc in March
ISLAMABAD: As coronavirus outbreak is starting to take its toll on various sectors of the economy, the domestic consumption of cement has...
Export related industry to start operation in phased manner: RazzaqÂ
FAISALABAD: Adviser to Prime Minister on Commerce Abdur Razzaq Dawood has said that the government has made a strategy to allow export...
Oil slips amid doubts price war will end soon
Oil prices slipped Friday as doubts grew over US President Donald Trump's claim that Russia and Saudi Arabia planned to end their...
The world could soon run out of space to store oil; It may plunge prices below zero
The world's thirst for oil has evaporated.
Highways are empty. Planes are grounded. Factories are dark. The unprecedented collapse in oil demand has sent crude crashing...
Textile millers seek govt’s help as export orders likely to drop 50pc
LAHORE: Fearing that export orders may drop by 50 per cent in the wake of coronavirus-led lockdown, All Pakistan Textile Mills Association...
Oil rises as Trump talks up Saudi-Russia truce, recession fears limit gains
LONDON: Oil prices jumped 8 per cent on Thursday after US President Donald Trump said he expected Saudi Arabia and Russia to...
PM orders immediate redressal of energy sector woes
ISLAMABAD:Â Prime Minister Imran Khan on Thursday directed the ministry concerned to accelerate reforms in the energy sector by removing all systemic hurdles...
FFL to increase share capital to Rs10bÂ
LAHORE :Â The Fauji Foods Limited (FFL) in its Annual General Meeting (AGM) held on Thursday approved the increase in the authorised capital...
FBR sanctions Rs 56b refund claims via Faster system
ISLAMABAD: The Federal Board of Revenue (FBR) has released the information about refund claims sanctioned through FASTER (Fully Automated Sales Tax e-Refund)...
ICI Pakistan temporarily closes polyester plant
In the wake of the coronavirus situation in the country, the ICI Pakistan has temporarily closed its Polyester Plant and office locations...
Eating in the coronavirus era: global food security in question
Disruptions to the markets for agricultural products, lack of arms in the fields, poor protection of food workers against the coronavirus: in...
PM urged to allow chemical industry to operate for workers’ survival
LAHORE: The Pakistan Chemical Manufacturers Association (PCMA) has urged Prime Minister Imran Khan to immediately allow the industry to resume work during...
WB to provide additional $700 million for Dasu Hydropower Project
The World Bank Board of Directors has approved a $700 million additional financing to help Pakistan generate low-cost, renewable energy to provide...
Oil ends March with biggest monthly and quarterly losses ever
NEW YORK: Crude oil benchmarks ended a volatile quarter with their biggest losses in history, as both US and Brent futures were...