‘500MW solar power plant to be set up in Balochistan’
ISLAMABAD: Power Division Minister Umar Ayub Khan has said that a 500-megawatt solar power plant would be set up in Balochistan with...
Oil surges 20pc after Saudi attack, softens on stockpile hopes
SINGAPORE/LONDON:Â Oil prices surged nearly 20pc at one point on Monday, with Brent crude posting its biggest intraday gain since the Gulf War...
Interest rate remains unchanged at 13.25pc
Taking a pause from a series of hikes, the State Bank of Pakistan's on Monday left its main policy rate unchanged at...
Bullish trend prevails as KSE-100 closes 447 higher
KARACHI: The Pakistan Stock Exchange (PSX) witnessed a positive start to the trading week, as the indices headed north as soon as...
Gold price falls Rs1,200 to stand at Rs86,600 per tola
Gold prices fell by Rs1,200 to Rs86,600 per tola in the local market on Saturday, a private media outlet reported.
According to details,...
Pakistan, Uzbekistan agree to form JWG on energy
ISLAMABAD: In a meeting with Uzbekistan Ambassador Furqat Sidiqov, Power Division Minister Omar Ayub Khan asserted that Pakistan wanted to take benefit...
Market Weekly: Rupee strengthens, PSX up 3.3pc
Positivity prevailed at the Pakistan Stock Exchange (PSX) in the outgoing week with the KSE-100 Index gaining 1,014 points or 3.3pc to...
Saudi Arabia’s oil supply disrupted after drone attacks
DUBAI/LONDON: Saudi Arabia’s oil production and exports have been disrupted, said three sources familiar with the matter, after drone attacks on two...
Iran signs $440m deal with local firm to develop Gulf gas field
DUBAI:Â Iran signed a $440 million contract on Saturday with local company Petropars to develop the Belal gas field in the Gulf, Iranian...
EU finance ministers eye simpler fiscal rules
HELSINKI: European Union finance ministers were holding the first discussion on Saturday about how to simplify the EU’s complex fiscal rules to help...
Programme to privatise 17 SOEs initiated: minister
KARACHI:Â Privatisation Minister and Privatization Commission Chairman Muhammadmian Soomro said on Friday the commission had initiated a programme for the privatisation of 17...
Pakistan to issue Sukuk, Eurobonds to raise over $1bn
ISLAMABAD:Â Pakistan has decided to raise over $1 billion from the international market through the issuance of Sukuk bonds in the next couple...
IESCO billing fraud irks Senate body
ISLAMABAD:Â The Senate's Standing Committee on Power has expressed serious annoyance over heavy billing fraud in the Islamabad Electric Supply Company (IESCO).
The Senate...
Bookings for Kia Picanto from next week
After introducing two of its vehicles in the Pakistani market, Kia Lucky Motors is all set to launch Kia Picanto for its...
Govt committed to realising CPEC potential: minister
ISLAMABAD: Planning Minister Makhdoom Khusro Bakhtiar has said that the China-Pakistan Economic Corridor was a project of great national significance, which would...