Oil and gas reserves to end after 10 years, reveals petroleum division
ISLAMABAD: Senate Standing Committee on Petroleum was informed on Thursday that the country’s existing oil reserves will see an end only after 10 years...
Another bailout package with IMF on the cards
ISLAMABAD: Although the government of Pakistan Muslim League Nawaz (PML-N) avoided another loan from the International Monetary fund (IMF) by the end of...
Japan’s Sojitz Corp to invest $136.9 million for assembling Hyundai vehicles in Pakistan
Sales will be carried out through distributor-owned dealers and franchise dealers, with the goal of reaching 6% market share by 2024, read a stock market notification
Car makers ask customers to become tax-filers to avoid hiccups in vehicle delivery
And the domestic automobile manufacturers have stuck to their production plans till September 2018 despite worries they could lose 50-60 percent of non-filers as their customers of cars and light commercial vehicles (LCV) from 1st July
KASB Bank shareholders seek Rs14b compensation
Negative valuation AF Ferguson dubbed as mala fide
Pakistan LNG imports climb 30 percent YoY in May 2018
-Also, Pakistan’s LNG imports soared by nearly 80 percent on a year-on-year basis (YoY) in April 2018, the second-highest amount ever recorded for a single month
-Balloki power plant passed its combined-cycle run on Monday
Promising eBanking growth witnessed due to rise in economic activity
LAHORE: Although it is riddled with debt and inflation, Pakistan's economy is growing in terms of financial and economic activity. Rapid advances...
Ogra launches new tariff regime for SSGC, SNGPL
The new revised tariffs regime would see the fixed rate used to determine the rate of return on assets and profitability be changed with a weighted average cost of capital (WACC)
Pak-Russia to sign billion dollar energy deal
Russia has shown readiness to export gas by laying an offshore pipeline through Gwadar Port to Pakistan and India
Automatic sharing of information with OECD to commence from September
Fifty-six countries have expressed willingness and officially issued a requisite requirement for automatic exchange of information with Pakistan
OGRA revokes Rs566 mn penalty on Pakistan LNG Limited
Following reports of alleged pressure by former prime minister Shahid Khaqan Abbasi to revoke OGRA’s decision, OGRA has finally decided to cancel the RS560 million penalty placed on PLL for cancelling the import of four LNG cargoes to the country, and pass it on to consumer.
At-Tahur Ltd set to get listed on PSX later this month
This will be the third IPO of the year following Matco Foods and AGP Pharmaceutical’s listing on the bourse in January and February respectively
Rupee plunges to record low against dollar, touches Rs119.35 in kerb market
Many expecting an imminent devaluation of the rupee have started holding onto their dollars foreseeing a better return later
Foreign reserves fall to record low of $10.03 billion
During the week ending May 25, 2018, foreign exchange reserves held by the State Bank of Pakistan (SBP) shrunk by $286.4 million to $10.03 billion, down 2.7 per cent.
PML-N’s performance review contrary to claims
High fiscal slippage, falling reserves, and rising debt major threat to the economy.