Business

ISLAMABAD - Minister for Finance Ishaq Dar Pakistan is diversifying its energy mix and moving from furnace oil and diesel...

With Pakistan’s $7.743b trade deficit for 2013/14, KCCI, LCCI to work for FTAs/PTAs’ activation

LAHORE – The Karachi and Lahore chambers of commerce and industries will jointly work for the promotion of regional trade...

5,000 tons furnace oil for power plants daily: Railways have fuel stocks for 17 days, claims Saad

ISLAMABAD: Federal Minister for Railways Khawaja Saad Rafique has said that Pakistan Railways keeps enough fuel stocks for 17 days...

Mobile operators spend Rs22b as 103m SIMs’ biometric verification afoot

ISLAMABAD - Under the government’s anti-terror National Action Plan, five mobile cellular operators have initiated biometric re-verification process of around...

Expenses rise by 300%: 61% of top 28 brands cheaper in Pakistan than India, Bangladesh, claims PPMA

KARACHI: Pakistan Pharmaceutical Manufacturers Association (PPMA) Chairman Saeed Allawala, during a press conference, has claimed that 61 per cent of...

Situation returning to normality as 11,500-ton petrol supplied to stations

LAHORE - The measures taken by the government to fight the petrol crisis have started bearing fruit as several petrol...

27.5mm size, 10g weight, 75% copper, 25% nickel: SBP to issue Rs20 coin to mark Pak-China friendship

KARACHI: The State Bank of Pakistan (SBP) will issue a special Rs20 commemorative coin on Jan 31 to mark the...

Excuse of petrol demand hike to 40,000 MT a day: LHC sees govt noserious to solve crisis

LAHORE - On behalf of the Ministry of Petroleum, a counsel told the Lahore High Court that till December, the...

Cotton rates remain unchanged at Rs4850, 7000 bales change hands between Rs4,750-Rs5,075

KARACHI: The cotton market remained in bearish note on Wednesday as buyers and sellers stayed away from the trading ring,...

5,000 tons furnace oil for power plants daily: Railways have fuel stocks for 17 days, claims Saad

ISLAMABAD: Federal Minister for Railways Khawaja Saad Rafique has said that Pakistan Railways keeps enough fuel stocks for 17 days...

OGDCL honoured with 7th Int’l CSR Award 2015

ISLAMABAD: Oil & Gas Development Company Limited (OGDCL) has been honoured with 7th International Corporate Social Responsibility (CSR) 2015 Award....

$6b worth 3000 MW power projects: CSAIL to enhance power generation up to 4000MW

ISLAMABAD: A CSAIL (China Three Gorges South Asia Investment Ltd) delegation has met Federal Finance Minister Ishaq Dar and briefed...

As 135,000 tons of furnace oil purchased, hike in power shortfall ruled out

ISLAMABAD - There is no chance of further worsening of the power crisis in the country because of the ongoing...

Lahore gets 1.5m litres petrol instead of 2.5m: 60% to 70% filling stations open again

LAHORE: The people of Punjab have had the sigh of relief after eight days as the most of petrol pumps...

Pakistan’s CAA unveils cause of Bhoja B732 crash at Islamabad on April 20, 2012

A newly released report reveals that the ineffective automated flight deck management in extreme adverse weather conditions by cockpit crew...

China’s $45.6b commitment: Work at Gwadar projects being expedited under PCEC

ISLAMABAD - Pakistan and China decided will speed up the implementation process of Gwadar projects under the Pakistan-China Economic Corridor,...

November saw Rs2b cut in fuel cost: Nepra decreases power tariff by Rs1.73 per unit

ISLAMABAD - For the consumers of K-Electric of Karachi, the National Electric Power Regulatory Authority (Nepra) has notified Rs 1.73...

12290 MT petrol demand swelled to 40,000 MT: Court seeks Ogra, ministry’s report

LAHORE - Demand of petrol in the Punjab province till December was 12290 metric ton per day which sharply swelled...

Agri loans up 38pc to Rs219.5b in July-Dec from Rs159.4bn: SBP