Business

LAHORE - Textile Minister Abbas Khan Afridi and Finance Minister Ishaq Dar will discuss removal of snags in the approval...

Hydel Rs1.50, coal-powered Rs7 per unit: Govt urged to generate cheaper electricity, not to privatise Wapda

ISLAMABAD: Thousands of Wapda workers from across the country, under the aegis of “All Pakistan Wapda Hydro Electric Workers Union...

700km Gawadar to Nawabshah pipeline: First LNG shipment by March 31, says Abbasi

ISLAMABAD: Petroleum Minister Shahid Khaqan Abbasi, speaking at a news conference, has said that Pak-Iran gas pipeline will be completed...

Per day consumption up from 9,000 tonnes to 15,000: 9-day stock of petrol, 18-day diesel available: Abbasi

byShazad Ahmed

ISLAMABAD – The petroleum minister said per day consumption of petrol in the country has increased from 9,000 tonnes in...

World tourism numbers exceed 1.1 billion in 2014 with 4.7pc increase

NEW YORK: The UN report shows that international tourist numbers crossed 1.1 billion in 2014, an increase of 4.7% on...

Finance Ministry aims to reduce petrol price by Rs 10/litre from Feb 1

ISLAMABAD: The Finance Ministry aims to reduce the petrol price from February 1. The price of petrol is expected to...

PAC urges demarcation of govt land, Bahria Town occupies 1500 kanals of CDA in zone-IV

ISLAMABAD: Bahria Town has occupied 1500 kanals land of Capital development Authority (CDA) in zone-IV of Islamabad, said audit authorities...

Pakistan Railways leases out 89.204 acres agricultural, 1.339 acres commercial land

ISLAMABAD: Pakistan Railways has leased out 90.543 acres land in Hyderabad. The purpose of leasing is to generate more revenue...

Guddu Thermal Power Plant tripping suspends electricity in Sindh, Balochistan, Punjab for 12 hours

ISLAMABAD: Guddu Thermal Power Plant has tripped due to leakage from the gas pipeline. It was resulted into shut down...

UK customs, immigration officials check two PIA flights

KARACHI: Passengers of two PIA flights were not allowed to leave the plane for an hour by UK customs and...

PAC takes notice of Rs 7 billion irregularities in Pakistan Steel Mills

ISLAMABAD: The sub-committee of Public Accounts Committee (PAC) has taken notice of irregularities in Pakistan Steel Mills and was not...

Power breakdown deprives citizens of 250 million gallons/day: KWSB

KARACHI: The water crisis has increased as the power breakdown in the country stopped the functioning of all the pumping...

Power shortfall reduces to 2950MW, hydel generation stands at 2000MW, thermal 1720MW, IPPs 5830MW

ISLAMABAD: The shortfall of power has reduced to 29,50 MW as the total generation was recorded as 9,550 MW against...

CPPA requests NEPRA to reduce Rs 3.20 per unit in power charges

ISLAMABAD: The Central Power Purchase Agency (CPPA) requested the National Electric Power Regulatory Authority (Nepra) to decrease electricity charges for...

Threatened by 40,000 Indian companies, pharma sector concerned over Drug Pricing Policy draft

KARACHI:Pharma Bureau Co-Chairman Arshad Hussain said lack of a functioning regulatory environment conforming to international standards, leads to a failure...

Amidst WB’s US$ 76.4m project for 112,000 farmers, Sindh and Chinese firm to boost agri sector

KARACHI: Jangsu Huachang Chemical Company limited, a Chinese firm, and the Sindh government have agreed to conceive the planning for...

KCA announces spot rates for cotton crop 2014-2015

KARACHI: Karachi Cotton Association (KCA) on Wednesday announced the following KCA spot rates for local dealing in Pak rupees for...

Tanker with 65,000 tons oil reach Karachi Port: PSO claims uninterrupted petrol supply

byMati ur Rehman

ISLAMABAD: Pakistan State Oil (PSO) has claimed that the uninterrupted supply of petroleum products is continuing to all the filling...

Govt to give PSO Rs40b to import oil: POL prices being reduced from Rs8.5 to Rs14 per litre