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Pakistan and world business news from seven outlets, one story per event. Updated just now.
Shell raises Q3 gas output forecast
Shell’s third-quarter integrated gas production was expected to be about 740,000 to 780,000 barrels of oil equivalent per day, the company said on Wednesday, compared with a previously expected…
Business Recorder
GEPCO privatisation: Lucky Cement consortium pre-qualified
A consortium comprising Lucky Cement Limited, Hub Power Holdings Limited, Kohat Cement Company Limited and Metro Ventures (Private) Limited has been pre-qualified to conduct due diligence on…
Business Recorder
Mari Energies Allowed to Temporarily Import Aircraft for Surveys
The government has allowed Mari Energies to temporarily import an aircraft for airborne field detection surveys in selected areas of
ProPakistaniGold edges lower with focus on Fed minutes, rate path clues
Gold prices slipped on Wednesday as investors looked to minutes from the US Federal Reserve’s September meeting for indications on whether policymakers remain inclined to raise rates further.
Business RecorderAsia shares weaker, oil up; investors weigh Saudi-Houthi escalation
SYDNEY: Asian markets were slightly weaker on Wednesday even though US stocks touched new highs, as oil prices rose with a storm heading for the Gulf of Mexico and tensions escalating between Saudi…
Business RecorderOil prices rise as storms and air strikes threaten supply
PERTH: Oil prices rose on Wednesday as the market weighed supply constraints from a storm heading for US oil-producing regions and attacks by Yemen’s Houthis on Saudi Arabia against increased…
Business RecorderPetroleum sector: FPCCI discusses key challenges
KARACHI: Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has hosted an important meeting of its Central Standing Committee on Petroleum Products…
Business RecorderGovt, JI to finalise talks schedule on petrol levy
LAHORE: Federal Planning Minister Ahsan Iqbal has contacted Jamaat-e-Islami (JI) Pakistan Vice Emir Liaqat Baloch and conveyed Prime Minister Shehbaz Sharif’s message regarding talks on the…
Business Recorder
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