Govt decides to utilise idle capacity of PGPC’s LNG terminal
ISLAMABAD: In an apparent bid to avoid looming gas crisis in the upcoming winter season, the government has decided to allocate the...
SECP data leak: Suspect challenges formation of probe body in IHC
ISLAMABAD: The prime suspect in the Securities and Exchange Commission of Pakistan (SECP) data leak issue, Arsalan Zafar, has challenged the formation of...
Gold price drops to Rs111,800 per tola
ISLAMABAD: The price of 24-karat gold decreased by Rs700 on Friday and was traded at Rs111,800, as against its previous day’s price at...
Maple Leaf to boost WHR plant capacity to 25MW
LAHORE: The Maple Leaf Cement Factory Limited (MLCF) announced the opening of a letter of credit (LC) related to the expansion of...
CAA shifts blame to airlines on pilots’ dubious licences issue
KARACHI: The Civil Aviation Authority (CAA) on Friday blamed airline operators for being behind the entire fiasco of pilots’ dubious licences, claiming...
Low gas pressure continues to impact KE’s generation capability
K-Electric (KE) continues to be challenged by low gas pressure from the Sui Southern Gas Company (SSGC), said Karachi’s sole energy provider...
FIA raid in Karachi yields 13kg gold, currencies worth Rs150mn
KARACHI: Federal Investigation Agency (FIA) on Friday carried out a raid in an apartment on Karachi’s Shaheed-e-Millat Road and recovered Rs150 million...
CCP raids Lahore office of Jahangir Tareen’s sugar mills, seizes important record
ISLAMABAD: The Competition Commission of Pakistan (CCP) on Friday raided the head office of JDW Sugar Mills, owned by Jahangir Tareen, in...
Govt urged to clear the air surrounding GIDC payments
PESHAWAR: The Sarhad Chamber of Commerce and Industry (SCCI) has demanded the government to address the reservations of industries, particularly the CNG...
Petro Division to float tenders for 20 new E&P blocks in October
ISLAMABAD: The Petroleum Division has planned to auction 27 new exploration & production (E&P) blocks, of which 20 would be advertised in October...
Stocks shed 105 points on selling pressure
KARACHI: Investors of the Pakistan Stock Exchange (PSX) witnessed a jittery session on Friday, with the indices swinging both ways in search...
Hyundai in talks with EU over Daewoo acquisition
SEOUL: Hyundai Heavy Industries Holdings Company has been in talks with the European Union's (EU) antitrust watchdog over its acquisition of Daewoo...
Govt okays up to 262pc hike in prices of nearly 100 medicines
ISLAMABAD: The federal government has approved price hikes as high as 262 per cent for nearly 100 local and imported medicines in...
PM Imran proposes measures to stop illicit cashflow from developing countries
ISLAMABAD: Prime Minister Imran Khan on Thursday called upon the international community to take steps to counter illicit flows of money, saying...
Circular debt in gas sector rises to Rs250bn: minister
ISLAMABAD: Power Division Minister Omar Ayub Khan has said that circular debt in the gas sector has risen to Rs250 billion which...