IMF satisfied with Pakistan’s three-month performance
ISLAMABAD: The International Monetary Fund's (IMF) Middle East and Central Asia Director Jihad Azour has expressed satisfaction over the three-month performance of...
Oil prices sink as quick Saudi output recovery seen
LONDON:Â Oil prices sank five per cent on Tuesday, reversing some of the previous day's gains as analysts said they were expecting Saudi...
FBR sets up facilitative booth at Karachi Expo Centre
The Federal Board of Revenue (FBR) has set up an informative booth at the inaugural session of 'IT Minister's Forum for Youth,...
Petroleum imports dip 45pc in July: SBP
ISLAMABAD:Â The petroleum group imports into the country during the first month of the current financial year (2019-20) dipped by 45.22pc as compared...
Saudi Aramco to meet oil commitment to Asian refiners: report
NEW DELHI/SINGAPORE:Â Saudi Aramco has informed at least six refiners in Asia that it will supply full allocated volumes of crude oil in...
Apple says $14bn EU tax order ‘defies reality and common sense’
LUXEMBOURG: The European Union’s order for Apple to pay 13 billion euros ($14 billion) in back taxes to Ireland “defies reality and common...
ADB president resigns mid-term
MANILA:Â Takehiko Nakao announced on Tuesday his resignation as president of the Asian Development Bank (ADB), effective Jan 16, 2020, the Manila-based bank...
Stocks fall flat amid range-bound trading
KARACHI: The stock market ended flat in a range-bound session on Tuesday following the announcement of the monetary policy a day earlier.
The...
OGDC discovers oil, gas in Kohat
ISLAMABAD:Â The Oil and Gas Development Company (OGDC) announced on Tuesday that it has discovered oil and gas reserves at its Chanda Well-5...
Pakistan to export cigarettes worth $50m for the first time
ISLAMABAD: Although Pakistan has been exporting tobacco and tobacco products to various countries, now for the first time, the country is going...
Introduction of 5G services in Pakistan could take up to 5 years, Senate body told
ISLAMABAD: The Pakistan Telecommunication Authority (PTA) on Monday briefed Senate’s Standing Committee on Information Technology it would take around four to five...
Govt striving hard to rectify past economic blunders: Dawood
LAHORE: Adviser to Prime Minister on Commerce Abdul Razak Dawood said on Monday that 14pc rise in export and 18pc fall in...
PQA issues provisional LoI for establishment of Energas LNG terminal
ISLAMABAD:Â The Port Qasim Authority (PQA) has issued a provisional Letter of Intent (LoI) to Energas Terminal (Pvt) Limited (ETPL) for the establishment...
Pakistan, Iran sign revised agreement on IP gas pipeline project
The Inter-State Gas Systems (ISGS) and the National Iranian Gas Company (NIGC) have signed a revised agreement on the much-delayed Iran-Pakistan (IP)...
Saudi oil firm Aramco likely to delay IPO after attacks: report
Saudi Arabia officials are discussing delaying Aramco's initial public offering as attacks on the company’s oil facilities have drastically reduced their output,...