Business & Economy

After record quarterly fall, oil prices remain under pressure

New York                   –             Crude oil benchmarks opened the month mixed on Wednesday, following their biggest-ever quarterly and monthly losses, overshadowed by fears of global oversupply as data showed a bigger-than-expected rise in inventories in the United States. Brent crude was down by 2.1 percent at […]

Pakistan earns $452 million by exporting transport services

ISLAMABAD                  –               Pakistan earned $452.060 million by providing different transport services in various countries during the first seven months of current financial year (2019-20) as compared to the corresponding period last year. This shows decrease of 9.08 percent as compared to $497.210 million earned through […]

Byco puts its refining complex on “Cold Circulation”

Lahore               –                Byco Petroleum Pakistan Limited, Pakistan’s largest oil refinery by design and installed capacity, has been constrained to put its refinery on “cold circulation”, due to absence of demand for POL products. Consumption of POL products in the nation have fallen drastically subsequent to […]

Global service providers support telecommunication networks in wake of COVID-19 Pandemic

ISLAMABAD                   –                  Global Service Providers such as Google and Netflix have informed Pakistan Telecommunication Authority (PTA) about different steps they have been taking to support and ease out stress on national telecommunications networks in the wake of COVID-19 Pandemic. In a statement, PTA said Google […]