PSO posts Rs5.9bn profit after tax in nine months FY19

Pakistan State Oil (PSO), the leading oil marketing company of Pakistan, recently convened its board of management (BoM) meeting to review the...

Dr Hafeez Shaikh ‘ineligible’ to chair NFC meeting, present next budget

Under the constitution, only a minister can head a constitutional body or present the fiscal budget in the assembly ISLAMABAD: Since the government...

Govt, ITFC sign $551m loan agreement for import of oil, LNG

ISLAMABAD: Adviser to Prime Minister on Finance, Revenue and Economic Affairs Dr Abdul Hafeez Shaikh witnessed the signing of a loan agreement...

POL production falls 5.5pc in eight months FY19

ISLAMABAD: The overall production of petroleum commodities witnessed a decline of 5.5 per cent during the first eight months of the current fiscal...

China to offer 90pc market access to Pakistani exporters: envoy

'In return, China only seeks 60pc market share in Pakistan' ISLAMABAD: Chinese Ambassador Yao Jing said on Monday that China is ready to...

Huawei launches ‘world’s first’ 5G communications hardware for autos

China’s Huawei Technologies launched on Monday what it said was the world’s first 5G communications hardware for the automotive industry, in a...

US prepares to end Iran oil waivers; Asian buyers to be hardest hit

WASHINGTON/SINGAPORE: The United States is expected to announce on Monday that buyers of Iranian oil need to end imports soon or face sanctions,...

The utilities must transform

If you live in Pakistan and have recently received your gas bill, I bet you are fuming (pun intended). Gas consumers have...

No, Prime Minister, the problem is you (Editorial)

The premiership of Imran Khan is what happens when the collective wisdom of upper middle class drawing rooms in Pakistan comes to...

IPO Pakistan holds awareness walk

ISLAMABAD: In order to create maximum awareness among masses regarding the protection of intellectual property rights (IPRs) and as a part of...

Customs officials plunder confiscated goods worth Rs70mn

ISLAMABAD: After millions of rupees in theft in Lahore and Karachi customs’ state warehouses, some customs officials with the connivance of outsiders...

Food exports dip 2.4pc to $3.34bn

---Imports decline by 7.96pc to $40.755 billion from $44.281 billion recorded during 9 months of current fiscal year ISLAMABAD: The food exports from...

Exporters suggest using Chinese bank for trade with Iran

---PAJCCI vice president laments PM Khan did not consult traders for improving trade ties with Iran ISLAMABAD: Pakistani exporters wish to use...

Govt pays Rs44bn to textile sector under PM’s exports enhancement package

ISLAMABAD: The government has paid Rs44 billion to the local textile industry under ‘Prime Minister Exports Enhancement Package’ to enhance the country’s...