Oil prices fell more than three per cent on Tuesday to their lowest since late July, as mixed Chinese economic data and rising Opec exports eased fears about tight markets and as the dollar strengthened. Brent crude futures fell $2.95, or 3.5pc, to $82.23 a barrel as of 1:41 p.m. ET (1841 GMT). US West Texas Intermediate crude fell to $77.94 a barrel, down $2.88, or 3.6pc. Both contracts hit
The government has decided to allow electricity distribution companies (Discos) to confiscate electric appliances and equipment besides imposing heavy penalties like ‘detection bills’ equivalent to five years of power consumption against consumers and premises found in electricity theft to make up for the energy losses. The government has sent its decision to the National Electric Power Regulat
Honda Atlas Cars Ltd has extended plant closure for another two days (Nov 8-9) after keeping production suspended from Oct 24 to Nov 7. In a stock filing, the company said that the current level of inventory and parts shortages had severely disrupted the company’s supply chain. Sherman Research says that car assemblers are again facing issues related to the import of completely knocked-down
Caretaker Prime Minister Anwaarul Haq Kakar on Tuesday hoped to conclude a deal for selling a stake to Saudi Arabia in the Reko Diq, one of the world’s biggest gold and copper mining projects, by December. “We are quite excited at the Saudi offer, and we would be very much encouraging their participation, not just in this project but otherwise also,” Mr Kakar said in an interview with Arab New
Prime Minister Anwaarul Haq Kakar said on Tuesday Pakistan is leading in terms of the opening of bank accounts in Edison Alliance’s global financial inclusion goal of providing one billion people with affordable digital solutions by 2030. Speaking at a webinar held in connection with the Spotlight Pakistan Day by the World Economic Forum on the success of the Virtual Remittance Gateway’s (VRG)