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No sign of let-up in petrol shortage

ISLAMABAD: With no let-up in petrol and furnace oil shortage in sight, Prime Minister Nawaz Sharif has cancelled all his official enga...

Power production: Country to stop consuming furnace oil over time

ISLAMABAD:   In a new policy, the government has decided to put a cap on oil consumption in electricity production and produce about 2...

Darker days?: Blackout risk as oil expected to run out in a week’s time

KARACHI:   Pakistani power consumers, who have gone through massive blackouts for years, will not be able to enjoy the benefit of low ...

Slippery oil: Regulatory confusion impedes hedging plans

KARACHI:   Pakistan is unlikely to hedge even a small part of its $14 billion oil import bill any time soon because of confusion over ...

Falling commodity prices: Inflation hits 11-year low in December

ISLAMABAD:   Inflation continued its tame run in December 2014, rising by only 4.3%, the lowest level in over 11 years, largely on the...

Oil production: Markets face uncertain future as OPEC targets competitors

ABU DHABI:  The determination of powerful Gulf Organisation of the Petroleum Exporting Countries (Opec) members to stifle competition ...

Breathing space for the economy

Low global oil prices have provided the Nawaz Sharif government an unexpected economic and political breathing space, saving it a wind...

Demand for dry port in Hub

KARACHI: The Lasbela Chamber of Commerce and Industry (LCCI) has demanded establishment of dry port at Hub. In a statement issued   ...

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