Shell to write down assets again, taking cuts to more than $22bn
LONDON: Royal Dutch Shell on Monday said it will write down the value of oil and gas assets by $3.5 billion to $4.5 billion...
Construction of Pakistan’s first private sector LNG terminal to start in Jan
ISLAMABAD: After the government opened up the energy sector under its ‘ease of doing business’ strategy, a multinational company will start construction on the...
PM Imran launches ‘Billion Tree Honey Initiative’
ISLAMABAD: Prime Minister Imran Khan has formally launched the Billion Tree Honey Initiative to promote tree plantation and honey production in the country under...
Petroleum Division denies gas load shedding
PESHAWAR: The Petroleum Division on Monday claimed that no gas load shedding is being carried out in any part of the country.
In a statement...
Govt to appoint Nadeem Lodhi as ZTBL board chairman
ISLAMABAD: The government has decided to appoint Nadeem Lodhi as the chairman of Zarai Taraqiati Bank Limited (ZTBL) Board of Directors (BoD).
Sources told this...
Oil falls $3 as new virus strain prompts demand worries
LONDON: Oil prices tumbled by $3 on Monday, their biggest daily fall since June, as a fast-spreading new coronavirus strain that has shut down...
Indian court dismisses Future Group’s plea against Amazon
MUMBAI: The New Delhi High Court on Monday dismissed a plea from India’s Future Group that sought to restrain U.S. partner Amazon.com Inc from...
China’s stunning export comeback has factories scrambling for workers
BEIJING: China’s manufacturing recovery, fuelled in part by demand from COVID-constrained consumers abroad, has soared past expectations this year, so much so that factories...
Shell writes down up to $4.5bn in oil, gas assets
LONDON: Royal Dutch Shell on Monday it will write down $3.5 to $4.5 billion in the value of oil and gas assets in 2021,...
Britain, EU tell each other to give way in ‘difficult’ trade talks
LONDON: Britain insisted on Sunday that the European Union should shift position to open the way to a post-Brexit trade pact, drawing a swift...
Gas shortage, low pressure reported countrywide
ISLAMABAD: Citizens all across the country have lamented gas shortage and low pressure in several areas of the country.
Speaking to the media, civil society...
NAB tightens noose around Dar, SBP ex-governor in bank merger case
The National Accountability Bureau (NAB) has sought permission to arrest former finance minister Ishaq Dar and State Bank of Pakistan (SBP) former governor Ashraf...
Dawood vows to achieve $26bn export target in 3 years
ISLAMABAD: Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood on Sunday said the Ministry of Commerce had resolved to achieve a...
SBP to hold webinar on women’s financial inclusion tomorrow
KARACHI: The State Bank of Pakistan (SBP) will hold a webinar on ”Consultative Launch of Banking on Equality policy: Reducing the Gender Gap in...
ADB urges Asia-Pacific countries to prioritise water security
The economies of Asia and the Pacific must put water security on top of their post-Covid-19 agenda and adapt to climate change, the Asian...