The Pakistan Petroleum Limited (PPL) is set to initiate the process to contain and extinguish a mysterious huge fire that erupted last month during drilling for a borehole in Korangi Creek near an oil refinery after a report of the chemical analysis of groundwater and soil samples shows the presence of gases like benzene and toluene and minerals like iron and magnesium in much higher concentration
Amid recent tariff reduction moves by the government, the National Electric Power Regulatory Authority (Nepra) has expressed concern over more than Rs1.5 per unit extra burden on electricity consumers due to poor operations of just a couple of generation and transmission projects in the first eight months (July to February) of the current fiscal year. In a special note to the government, Nepra’
Bulls dominated the trading floor at the Pakistan Stock Exchange (PSX) as shares reached an all-time high of 118,000 points following the prime minister’s announcement of a “major” power relief package to reduce the burden on citizens. The benchmark KSE-100 index climbed 1,131.37 points, or 0.96 per cent, to reach 118,938.11 from the last close of 117,806.74 points. The development came shor
Wall Street led a global markets bloodbath pm Thursday as countries around the world reeled from President Donald Trump’s trade war, while the White House insisted the US economy will emerge victorious. The Dow Jones dropped more than three per cent and the S&P 500 plummeted more than 4pc. The Nasdaq toppled more than 5pc. Shock waves also tore through markets in Asia and Europe in the wake
It was a strange spectacle. On the day the rest of the world was busy processing the meaning and impact of the trade tariffs announced by US President Donald Trump against almost 60 countries including Pakistan, Prime Minister Shehbaz Sharif had tariffs of his own to announce to his countrymen. In a live televised show with ample pomp and ceremony, flanked by his cabinet and before an audience