OGDC to begin drilling for shale oil, gas in Sindh
ISLAMABAD: Oil and Gas Development Company (OGDC) is set to begin drilling for shale oil and gas reserves in the Kunnar Pasakhi...
FBR stops short of providing sales tax relief to car assemblers
ISLAMABAD: The Federal Board of Revenue (FBR) has withdrawn at the eleventh hour a summary that it earlier moved to seek the...
AGP finds inconsistency worth Rs15tr by ministers
ISLAMABAD: The Auditor General of Pakistan (AGP) has pointed out irregularities of more than Rs15.67 trillion worth of public money by the...
Country’s bike production falls amidst slowing economy
KARACHI: The country’s total bike production fell by 13 percent to 2.459 million units in FY19 from 2.825mn units in FY18, showed...
IMC plant to remain shut for the rest of September
KARACHI: Indus Motor Company (IMC), the maker of Toyota vehicles, has decided to shut down all production for the remaining days of...
Five developers to set up LNG import terminals in Pakistan
Pakistan has given provisional permission to five developers, including partnerships with Exxon Mobil Corp. and Royal Dutch Shell Plc, to set up...
K-Electric reports Rs12.3bn profit for FY18
KARACHI: The Board of Directors of K-Electric Limited recently approved the company’s financial results for the year ended 30 June 2018.
During the...
Current account deficit contracts 55pc in two months
The current account deficit (CAD) has contracted by a massive 55 per cent in the first two months of the current fiscal...
Pakistan likely to surpass mango export target
ISLAMABAD: Pakistan has exported over 115,000 metric tonnes of mangoes so far this season, earning over $80 million in foreign exchange in...
OECD cuts global growth outlook to post-crisis low
PARIS: The trade war between the United States and China has plunged global growth to its lowest levels in a decade, the OECD...
Milan Fashion Week to showcase GB, Chitral handicrafts
ISLAMABAD: Impressed by the embroidery and design that is native to the women of the rural mountainous areas of Chitral, Kalash Gilgit and...
Three-day ’22nd Textile Asia’ exhibition to commence tomorrow
LAHORE: A three-day exhibition titled '22nd Textile Asia International Trade Fair' would commence from today (Friday) at the Lahore Expo Centre. The event...
SBP committed to ‘home-grown’ economic reforms, IMF told
'Volatility and uncertainty in the exchange market has subsided and the confidence is slowly improving'
'Inflationary pressures are expected to recede...
Oil prices rise as Saudi supply risks come into focus
LONDON: Oil prices rose sharply on Thursday, supported by supply risks as the market assesses the fallout from last weekend’s drone attacks on...
SBP reserves surge 138m to stand at 8.6bn
Pakistan's total liquid foreign reserves stood at $15.898 billion on September 13, a press release issued by the State Bank of Pakistan...