KARACHI: The outgoing caretaker setup is expected to increase the prices of petroleum products tonight due to a hike in global oil prices amid a
Category: BUSINESS
PSX stays bullish, gains 875 more points
ISLAMABAD: The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Thursday, gaining 875.07 points, a positive change of 1.37 percent, closing
Govt plans massive increase in security fee for new power connections
ISLAMABAD: As electricity is getting expensive, your ability to get access to it is also being challenged with the government planning to increase the security
Moody’s maintains Pakistan rating, notes risks related to ‘controversial’ polls and coalition govt
NEW YORK/HONG KONG: Moody’s – one of the top global agency – maintained Pakistan long-term issuer rating at Caa3, saying, “While Pakistan is likely to
DISCOs: govt to adopt Turkish model
ISLAMABAD: Pakistan has decided to follow the Turkish model through outsourcing the management of power distribution companies (DISCOs) in an attempt to reduce losses, bring
Oil refining sector sees $1 billion investment boost
ISLAMABAD: Cnergyico Pk Limited, the country’s largest refiner, is eyeing more than $1 billion in investment following the introduction of a new government policy aimed
Pak-Iran gas pipeline project gets go-ahead by caretaker cabinet
ISLAMABAD: The caretaker federal cabinet committee has approved the Pak-Iran gas pipeline project with plans to complete it in a year, marking it a major
PML-N asks FBR to devise roadmap to raise tax-to-GDP ratio by 13.5%
ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N), the main ruling party of the coalition of the expected next government, has asked the Federal Board of Revenue (FBR)
Bank financing hits record high
KARACHI: Pakistan’s commercial banks have continued to freely lend to the cash-strapped government at elevated rates of return, taking their financing to a record high
Massive drop in global oil prices
SINGAPORE: Oil prices faced continued downward pressure on Monday, with Brent crude futures slipping 0.4% to $81.27 a barrel and U.S. West Texas Intermediate crude