Flare

Pakistan’s largest hydropower projects have witnessed massive cost overruns, with the Ministry of Water Resources attributing the increase to inflation, the depreciation of the Pakistani rupee, construction delays, higher financing costs and enhanced security requirements.

According to the ministry, key projects including the Diamer Basha Dam, ...

Former Finance Minister and Awaam Pakistan Party Secretary General Miftah Ismail has claimed that the actual cost of petrol reaches approximately Rs220 per litre by the time it arrives at Karachi Port, with the remaining retail price largely comprising government taxes and profit margins for Oil Marketing Companies (OMCs).

Speaking on ...

Karachi: Pakistani private airline Air Indus has officially announced its return to the skies after remaining inactive for more than 11 years. The airline is preparing to resume domestic flight operations before expanding its network to several Gulf destinations in the second phase of its revival.

According to details shared on the air...

The federal government has stepped in to halt a proposed plan to rebrand the merged Ufone-Telenor entity under the global “e&” brand, citing legal, governance and corporate concerns surrounding the move.

According to sources, the proposal sparked controversy after the Ufone board approved the new brand name despite the Pakistan Telecommunication Co...

Global oil prices tumbled by more than 5% on Monday after the United States and Iran temporarily paused military operations, easing concerns over potential disruptions to global crude oil supplies. The de-escalation comes after nearly two weeks of heightened tensions that had driven Brent crude prices above the $100-per-barrel mark.

During early Asian trading, ...