Russia extends offer to fulfil Pakistan’s energy needs
ISLAMABAD: At a high powered meeting between Russian delegations and officials from Pakistan, Russia has extended its hand to Pakistan and offered...
World Bank takes a step back on $1.1bn loan approval
ISLAMABAD: The World Bank (WB) deepens the fiscal crisis by delaying the approval of two loans worth $ 1.1 billion until the...
Pakistan to export cement worth $360m to USA first time
ISLAMABAD: While tapping the market of United State of America (USA) for the first time a Pakistani firm has received import of...
ECC moves on Kissan Package promises, energy issuesÂ
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved ‘Duty Reduction’ for import of second hand tractors. The move is...
Pakistan’s largest Investment Banking firm to acquire EFG Hermes?
ISLAMABAD: In a notice to the Pakistan Stock exchange, on Tuesday, JS Global Capital Limited (JSGCL) has announced “intention to acquire majority...
High-powered Russian delegation set to discuss oil, LNG deals Â
ISLAMABAD: A three-day session of Pakistan Russia Inter Governmental Commission (IGC) is scheduled to start on Wednesday to discuss and finalise the...
Power regulator allows tariff adjustment hike of up to Rs4.46/unit
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has allowed power distribution companies (DISCOs) to collect up to an additional Rs 4.46...
In desperate bid for cotton, textile manufacturers turn to US AmbassadorÂ
ISLAMABAD: Left without sufficient locally produced cotton and unable to import the raw material due to LC restrictions placed by the central...
Barrick Gold sets 2028 as target for first production from Reko Diq
ISLAMABAD: On Sunday, Barrick Gold Corporation Chief Executive Officer Mark Bristow announced the establishment of a project office in Quetta at a...
Korean multinational to sell entire 75% stake in Lotte Chemical Pakistan to Lucky Core Industries
ISLAMABAD: South Korean multinational Lotte Chemical Corporation has agreed to sell its entire 75.01% stake, the single largest one in Lotte Chemical...
Oil companies sound alarm on fuel shortage in letter to finance ministryÂ
ISLAMABAD: Oil companies on Friday asked the finance ministry to urgently intervene to ensure the timely issuance of letters of credit to...
Pharma sector hints shortage of life-saving drugs
LAHORE: The Regional Chairman of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Mohammad Nadeem Qureshi has indicated that there will...
Explaining ECC’s big changes to agreements with three important power plants
ISLAMABAD: On Wednesday, the cabinet's Economic Coordination Committee (ECC) approved a raft of changes in the power sector, which did not make...
ECC fixes minimum take or pay commitment at 33% to favour three RLNG power plants Â
ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet approved the proposal of the power division on Wednesday to fix the minimum...
NEPRA approves Rs7.43/unit cut in power tariff for Karachiites
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) on Wednesday approved a reduction of Rs 7.43 per unit in the power tariff...