Italian, Chinese majors vie in Pakistan’s mega LNG tender
LONDON/SINGAPORE: Italian oil major Eni, China’s overseas energy unit PetroChina and two trading houses are vying to supply liquefied natural gas (LNG)...
2020 declared ‘Freight Year’ to make Railways profitable: minister
FAISALABAD: Railways Minister Sheikh Rashid Ahmad said on Friday that Pakistan Railways had declared 2020 as the Freight Year to make the...
Rupee continues to take beating, closes at 173.47 against US dollar
The Pakistani rupee’s slide continued against the United States (US) dollar in the inter-bank currency market on the third day of the...
Power tariff reduced for textile sector
LAHORE: The federal government has agreed to provide electricity to the textile and other zero-rated industries at the rate of 7.5 cents/kWh...
Summit Bank has a new name as it tries to leave the past behind
The name change comes after the bank’s acquisition by UAE-based investor Nasser Abdulla Hussain Lootah.
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
Gas shortage to double next year, CCoE informed
ISLAMABAD:Â Amid lack of new explorations, the shortage of gas is likely to be doubled next year, with a projected shortfall of 477mmcfd.
In...
Commercial airlines get higher fuel bills as they avoid Iran, Iraq
Tokyo: Airlines are getting higher fuel bills as they reroute flights to avoid airspace over Iran and Iraq due to recent heightened...
NEPRA decreases power tariff by Rs2.59 per unit for K-Electric consumers
National Electric Power Regulatory Authority (NEPRA) has approved Rs2.59 per unit cut in the power price for the consumers of K-Electric on...
The pandemic is e-commerce’s time to shine. But will it last?
As the pandemic continues to spread in Pakistan, people are turning to e-commerce out of necessity. When this is all over, will it leave a lasting impact on how we shop?
NA panel recommends Rs50bn for PSM revival
Committee praises Pak Suzuki for producing quality vehicles
Auto sales nosedive 17% YoY to 17,442 units in November
On a month-on-month basis (MoM), auto sales declined 30% to 17,442 units in November against 24,850 units in October
Cargill commits to invest over $200mn in Pakistan
Cargill aims to partner on Pakistan's growth by bringing its global expertise and investment into the country
PM says Pakistan is...
Iqbal Z Ahmed’s family cries foul following arrests in alleged money laundering caseÂ
The family of Iqbal Z Ahmed lambasted the arrest as spurious and illegitimate,
PM assures merit, transparency in Ehsaas programme
ISLAMABAD:Â Prime Minister Imran Khan said on Wednesday that the provision of funds under Ehsaas Programme is purely made on the basis of...