SSGC, SNGPL to be unbundled: Marketing, transmission
ISLAMABAD, May 9: The federal government has decided in principle to un-bundle the two gas utilities, Sui Northern Gas Pipelines Limited and Sui Southern Gas Company, into marketing and transmission companies...
Oil, gas sector sell-off hits snags
ISLAMABAD, May 9: The process of disinvesting the potential oil and gas sector is getting delayed due to the reservations of the ministry of petroleum and natural resources specially over the...
Forex market calm; cash holding may rise: Bomb blast
KARACHI, May 9: The killing of sixteen people including twelve French nationals on Wednesday has made no visible impact on foreign exchange market. But bankers say a sudden fall in foreign...
Govt urged to dedicate old gas fields: Fertilizer industry
KARACHI, May 9: Top executives of the fertilizer industry have urged the government to dedicate old gas fields, discovered, explored and developed at a much less cost, to the fertilizer industry,...
Blast to hit foreign investment
KARACHI, May 9: The Pakistani business community was on Thursday counting the cost of a suicide bomb attack in this southern port city, fearing increasing terrorism would hit foreign investment and...
3 companies get licence to market LPG
ISLAMABAD, May 9: The government has granted licences to three local and multinational companies to market liquefied petroleum gas (LPG) in the country....
Drawback for ghee, cooking oil notified
ISLAMABAD, May 9: The Central Board of Revenue (CBR) has notified duty drawback facility on export of vegetable ghee and cooking oils....
Pakistan may buy 100,000 tons palm oil
KUALA LUMPUR, May 9: Malaysian palm oil futures firmed at the close on Thursday, helped by technical buying and strong gains on the physical market, traders said....
Land route export thru Kabul, CARs allowed
ISLAMABAD, May 9: The Central Board of Revenue has further amended the Customs Rules 2001, allowing exports to all countries, including Afghanistan and through Afghanistan to Central Asian Republics (CARs) by...
Poor quality jeopardizes exports to Oman
KARACHI, May 9: Oman Chamber of Commerce and Industry (OCCI) President Abdullah Rowas has blamed a few of the Pakistani businessmen for supplying poor quality rice, shoes and some other items...
Bulls rule stock market: index recovers 27.4 points
KARACHI, May 9: Stocks on Thursday performed credibly well allaying fears of a big fresh selloff as bulls fought back to regain an upper hand in a market which ensures smart...
Textile exports up in 10 months
ISLAMABAD, May 9: Exports of textile manufactures increased by a marginal 0.57 per cent in terms of dollars during the period July-April (2001-02) over the corresponding period previous year, according to...
Trading picks up on cotton market
KARACHI, May 9: After Wednesday’s interruption caused by the bomb blast, trading on the cotton market on Thursday resumed on an easy note as ginners continued to liquidate long positions fearing...
Dubai trade fair
KARACHI, May 9: Pakistani exhibitors are displaying textile items, wooden furniture, artificial jewellery and electric fans at 27th International Spring Trade Fair being held in Dubai from May 5 to 10....
PLGMEA refutes PTA claim
KARACHI, May 9: Pakistan Leather Garments Manufacturers and Exporters Association (PLGMEA) chairman Fawad Ijaz Khan on Thursday refuted the claim of PTA that the imposition of export duty on finished leather...
Asian stock markets mixed
TOKYO, May 9: Asian stock markets were mixed on Thursday despite a strong rally in the US with profit-taking emerging in late trading on most bourses in the region....
Saarc airline
KARACHI, May 9: Charge ‘d affaires of Nepal Embassy Mukhti Nath Bhatta proposed that Saarc member countries should establish joint airline like Scandinavian Airlines, jointly owned by Scandinavian countries....
Karachi Port operations
KARACHI, May 9: The activity at the Karachi Port is expected to pick up further as nine ships are expected to arrive at the outer anchorage on Friday, according to KPT...