Business
Oil rises as US inventory declines heighten supply concerns
January 16, 2025
Oil rises as US inventory declines heighten supply concerns
Oil prices rose for a second day on Thursday after a larger-than-expected decline in US crude oil stockpiles added to…
Misuse of detection billing burdening 1.38m power consumers
January 16, 2025
Misuse of detection billing burdening 1.38m power consumers
ISLAMABAD: Amid the government’s ongoing efforts to provide relief to the people regarding utility bills, it has been revealed that…
Philippines, UAE’s Masdar agree $15 bn renewable energy project
January 16, 2025
Philippines, UAE’s Masdar agree $15 bn renewable energy project
MANILA: United Arab Emirates state energy firm Masdar has signed a $15 billion renewable energy deal with the Philippines to…
Saudi Arabia ‘mulling $100m investment’ in Pakistan’s mining infrastructure
January 15, 2025
Saudi Arabia ‘mulling $100m investment’ in Pakistan’s mining infrastructure
RIYADH: Saudi Arabia Mining Minister Bandar Alkhorayef confirmed on Wednesday that kingdom’s mining company Manara Minerals was looking at investing…
Govt reduces tariff for electric vehicle charging stations by 45pc
January 15, 2025
Govt reduces tariff for electric vehicle charging stations by 45pc
ISLAMABAD: Federal Minister for Energy Sardar Awais Ahmad Laghari Wednesday said that power division has reduced 45 percent power tariff…
Salaried class emerges as third largest tax contributor in Pakistan
January 15, 2025
Salaried class emerges as third largest tax contributor in Pakistan
The salaried class has emerged as the third-largest contributor to tax revenue in Pakistan, with tax collection from this segment…
Cabinet approves revision of agreements with 14 IPPs
January 15, 2025
Cabinet approves revision of agreements with 14 IPPs
ISLAMABAD: The federal cabinet approved the power division’s recommendation to revise the agreements (negotiated settlement agreements) with 14 Independent Power…
Lesco gets special unit to address power theft and revenue recovery
January 15, 2025
Lesco gets special unit to address power theft and revenue recovery
LAHORE: A special unit has been established to assist the Lahore Electricity Supply Company (Lesco) in combating power theft and…
PSX ends lower as rate cut optimism fails to sustain early gains
January 15, 2025
PSX ends lower as rate cut optimism fails to sustain early gains
KARACHI: The capital market ended in the red on Tuesday snapping a three-day recovery drive as improved investor sentiment on…
Punjab confirms gold reserves in Attock
January 15, 2025
Punjab confirms gold reserves in Attock
LAHORE: The Punjab government has confirmed the presence of gold reserves at the confluence of the Kabul and Indus River…