OMCs, dealers seek Rs2 per litre hike in commission
ISLAMABAD: The oil marketing companies (OMCs) and dealers of petroleum products have asked the Petroleum Division to increase their margin on petrol...
PM breaks ground for prefabricated housing project
ISLAMABAD: Prime Minister Imran Khan on Wednesday performed groundbreaking of the 'Prefabricated Housing' Project in Islamabad, Radio Pakistan reported.
Addressing the ceremony, the prime...
Oil prices fall after Saudi pledge to restore lost output
NEW YORK: Oil prices retreated about 1pc on Wednesday, extending the previous day’s declines after Saudi Arabia said it would quickly restore full...
Commerce ministry opposes privatisation of PRCL
ISLAMABAD: As the government intends to privatise the Pakistan Reinsurance Company Limited (PRCL) in line with other state-owned entities, the Ministry of Commerce...
Sales of motorbikes, three wheelers decline 9.9pc in Aug
ISLAMABAD: The sales of motorcycles and three-wheelers dipped 9.91pc in August 2019 when compared with the corresponding month of last year, Pakistan...
Over 20 Pakistani textile companies participate in Paris exhibition
A four-day biannual international textile exhibition titled “Texworld” is underway in Paris, France. More than 20 Pakistani textile companies are participating in...
ExxonMobil, Pakistan’s UGDC ink LNG import deal
ISLAMABAD: ExxonMobil, the world's largest oil and gas company, has inked a deal with Universal Gas Distribution Company Pvt Ltd (UGDC) wherein...
Industrial development programme for Pakistan launched
ISLAMABAD: The United Nations Industrial Development Organisation (UNIDO) and the Ministry of Industries and Production (MoIP) have signed an accord to formally launch...
Senior Google female executive to lead Pakistan’s digitisation initiative
ISLAMABAD: The government has planned to take on board a female Google executive to put the digitisation initiative from the Prime Minister's...
Bourse turns bearish, sheds 353 points
KARACHI: The Pakistan Stock Exchange retraced its footsteps following a weak finish to the previous session and traded lower throughout Wednesday. The...
Huawei expects to see revenue uplift from 5G roll-out next year
SHANGHAI: Huawei Technologies expects the roll-out of next-generation 5G wireless networks to start contributing to the firm’s revenue from next year when...
LPG production to be made mandatory at gas fields
The Petroleum Division is in the process of finalizing a new Liquefied Petroleum Gas (LPG) policy, under which the commodity production would...
FBR restrains Inland Revenue from raids without approval
KARACHI: The Federal Board of Revenue (FBR) has restrained officials of Inland Revenue from conducting raids on taxpayers’ premises without approval, claimed...
SECP allows brokers to sell PSX shares
KARACHI: The government has completely pulled out restriction on brokers to sell their stake in the Pakistan Stock Exchange (PSX), claimed a...
Auditor General finds Rs201 billion discrepancy in FBR tax receipts
ISLAMABAD: The Auditor General of Pakistan (AGP) has discovered variations of Rs201.39 billion in the figures of tax receipts, and referred to...