Privatisation Commission recommends two options for LNG plants
ISLAMABAD: The Privatisation Commission (PC) board has recommended two options for the privatisation of billions of dollars worth of LNG-fired power plants...
Mobile phone import bill jumps 98 percent
LAHORE: Mobile phone import bill, on a month-on-month basis, in July doubled in terms of value from $37.3 million to $73.8m (97.85...
Punjab mining officials booked over illegal extraction of gold from Indus River
LAHORE: The Punjab Anti-Corruption Department on Tuesday registered a case against Punjab Mines and Minerals Department officials and others for illegal extraction of...
‘Diversification of export products among top govt priorities’
ISLAMABAD: Adviser to Prime Minister on Commerce Abdul Razak Dawood said on Tuesday that the government was focusing on the diversification of export...
KAPCO’s profit soars to Rs13.1bn
The profit of Kot Addu Power Company's (KAPCO) surged 23.5pc to Rs13.11 billion mainly on the back of a notable drop in...
PTA asks Zong to take down 5G advertisements
ISLAMABAD: Pakistan Telecommunication Authority (PTA) has communicated to Zong to withdraw any advertisements that may mislead the public regarding availability of commercial...
IMF satisfied with Pakistan’s three-month performance
ISLAMABAD: The International Monetary Fund's (IMF) Middle East and Central Asia Director Jihad Azour has expressed satisfaction over the three-month performance of...
Oil prices sink as quick Saudi output recovery seen
LONDON: Oil prices sank five per cent on Tuesday, reversing some of the previous day's gains as analysts said they were expecting Saudi...
‘Pakistan to highlight energy-related opportunities in Japan conference’
ISLAMABAD: Pakistan would highlight the investment opportunities in its energy sector during the upcoming conference in Japan, scheduled to be held from Sept...
FBR sets up facilitative booth at Karachi Expo Centre
The Federal Board of Revenue (FBR) has set up an informative booth at the inaugural session of 'IT Minister's Forum for Youth,...
Petroleum imports dip 45pc in July: SBP
ISLAMABAD: The petroleum group imports into the country during the first month of the current financial year (2019-20) dipped by 45.22pc as compared...
Saudi Aramco to meet oil commitment to Asian refiners: report
NEW DELHI/SINGAPORE: Saudi Aramco has informed at least six refiners in Asia that it will supply full allocated volumes of crude oil in...
Chinese, Russian companies keen to revive Pakistan Steel Mills, PM told
ISLAMABAD: Prime Minister Imran Khan was informed on Tuesday that Chinese and Russian companies were taking a keen interest in the restoration of...
Apple says $14bn EU tax order ‘defies reality and common sense’
LUXEMBOURG: The European Union’s order for Apple to pay 13 billion euros ($14 billion) in back taxes to Ireland “defies reality and common...
ADB president resigns mid-term
MANILA: Takehiko Nakao announced on Tuesday his resignation as president of the Asian Development Bank (ADB), effective Jan 16, 2020, the Manila-based bank...