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Category: Business

Business

Canada approves $36 billion LNG project, eyes Asia

By sundaytimesSeptember 28, 2016

By AFP: MONTREAL: Canada approved on Tuesday a massive $27 billion USD (Can$36 billion) project by Malaysia’s Petronas to build a liquefied natural gas pipeline along its Pacific […]

Business

WTO dramatically cuts 2016 global trade growth forecast

By sundaytimesSeptember 27, 2016

By AFP: GENEVA: World Trade Organization (WTO) on Tuesday revised down its 2016 global trade forecast by more than a percentage point, warning growth had hit its slowest […]

Business

NEPRA got challenged by Government for Nandipur power plant in court

By sundaytimesSeptember 27, 2016

ISLAMABAD: Government has decided to take action against NEPRA and challenge it in the court over the tariff of Nandipur Power Plant. The Ministry of Water & Power […]

Business

Supreme Court approves Government petition for hearing Orange Line project

By sundaytimesSeptember 26, 2016

LAHORE: Supreme Court has approved Punjab Government petition on Orange Line project in Lahore. Lahore High Court had restrained the Punjab Government to construct Orange Line train within […]

Business

Saudis offer oil cut for OPEC deal if Iran freezes output: sources

By sundaytimesSeptember 24, 2016

By Reuters: RIYADH, SAUDI ARABIA: Saudi Arabia has offered to reduce oil production if rival Iran agrees to cap its own output this year, in a major compromise […]

Business

Prices of Petrol are expected to go down next month

By sundaytimesSeptember 23, 2016

ISLAMABAD: Petroleum prices are likely to be decreased by Rs 4.00 per litre from October. The Oil and Gas Regulatory Authority (OGRA) has recommended reduction in the petrol prices […]

Business

Bangkok edges out London as world’s top travel destination: Mastercard

By sundaytimesSeptember 23, 2016

By Reuters: The Thai capital of Bangkok has beaten London to be crowned the world’s most popular travel destination this year, according to an annual ranking by global […]

Business

US Senate clears way for $1.15 billion arms sale to Saudi Arabia

By sundaytimesSeptember 22, 2016

By Reuters: WASHINGTON, UNITED STATES: The US Senate cleared the way for a $1.15 billion sale of tanks and other military equipment to Saudi Arabia on Wednesday, defending […]

Business

Trump used charity funds to pay legal settlements: report

By sundaytimesSeptember 21, 2016

By AFP: NEW YORK, UNITED STATES: Republican presidential nominee Donald Trump used funds from his charitable foundation to pay settlements in legal cases involving his businesses, an apparent […]

Business

Solar scale-up in Pakistan hits roadblock after payments slashed

By sundaytimesSeptember 20, 2016

By Reuters: BAHAWALPUR: An effort to boost large-scale solar energy production in Pakistan has hit a roadblock after the government cut the rate it pays for solar electricity, […]

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