CPPA seeks Rs1.86 per unit hike in electricity tariff
ISLAMABAD: The Central Power Purchasing Agency (CPPA) has sought Rs1.86 per unit hike in the power tariff under the head monthly fuel price...
Bears return as KSE-100 drops 264 points
KARACHI: Bearish sentiments surrounded the Pakistan Stock Exchange (PSX) on Wednesday, as the indices headed south as soon as the session commenced. Foreign...
Footwear exports surge 15.7pc in two months FY20
ISLAMABAD: The footwear exports from the country witnessed an increase of 15.75pc during the first two months of the current financial year...
Trade tensions darken growth outlook for developing Asia: ADB
PHILIPPINES: Escalating trade tensions between the United States and China have darkened the outlook for developing Asia, with the region expected to...
SNGPL, SSGCL to reinforce gas transmission network
Sui Northern Gas Company Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL), under a strategy to reinforce and expand their transmission...
NHA’s projects delayed due to unavailability of funds
ISLAMABAD: Federal Secretary Communication Jawwad Rafique Malik told the Senate Standing Committee on Planning, Development and Reform that the Finance Ministry did...
Four coal blocks in Thar to be put up for international bidding
KARACHI: The Sindh government is expected to attract investment of around $4-6 billion by auctioning four new mining blocks of Thar coal...
Gas shortage could be imminent as some fields may shut down
ISLAMABAD: A gas crisis is feared to hit the country once again in the upcoming winter season as a plan to continue...
Oil companies to ensure adequate storage facility before opening new outlets
KARACHI: Oil and Gas Regulatory Authority (Ogra) has barred 31 oil marketing companies (OMCs) from opening new retail outlets without first making...
FBR task-force to monitor untaxed trade
KARACHI: The Federal Board of Revenue (FBR) has extended the scope of its enforcement unit— originally dedicated to crack down on illicit...
Pearl-Continental Hotel to open in Hyderabad soon
To provide premium hospitality in a traditional environment, the Hashoo Group will be opening a Pearl-Continental Hotel in Hyderabad. For this, the...
German prosecutors indict top VW bosses over emissions scandal
FRANKFURT: German prosecutors have accused Volkswagen’s CEO of holding back market-moving information on rigged emissions tests four years ago, raising the prospect...
‘Pakistan must seek direct access to US markets’
ISLAMABAD: The Pak-US Business Council has hoped that Prime Minister Imran Khan's ongoing visit to the United States (US) would bring both the...
Byco Petroleum reports Rs1.9bn gross profit for FY19
Byco Petroleum Pakistan Ltd (BPPL), the country's leading oil company, has announced its financial results for the year ended 30 June 2019.
The...
Trump criticises China’s trade practices at UN, will not take ‘bad deal’
UNITED NATIONS: US President Donald Trump delivered a stinging rebuke to China’s trade practices on Tuesday at the United Nations General Assembly,...