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The Bangladesh Bank has exempted oil-based power-producing companies from the single borrower exposure limit to keep the flow of money uninterrupted in the energy sector required to facilitate power g ......
The state-owned company was seeking between 1.1 million tonnes and 1.28 million tonnes of 500ppm sulphur gasoil, 100,000 tonnes of jet fuel and 120,000 to 140,000 tonnes of 180-cst high-sulphur fuel o ......
Economic managers of Pakistan have given the go-ahead to Kuwait Petroleum Corporation for setting up an oil refinery in the coastal area of Balochistan – a welcome investment initiative for the largel ......
The Economic Coordination Committee (ECC) that met here on Wednesday with Finance Minister Senator Ishaq Dar has taken a strategic decision allowing state owned oil marketing company (OMC) Pakistan St ......
Consumption of petroleum products was reported increased by 21 percent in the first two months of fiscal year 2016-17 taking the total consumed to 44 lac tonne. In August, consumption of petroleum ......
Federal government is likely to allow Pakistan State Oil (PSO) to amend sale/ purchase agreement with Kuwait Petroleum Corporation (KPC) for supply of furnace oil and jet fuel, in addition to diesel o ......
Pakistan’s overall power generation witnessed a growth of 12 percent to 11,805GWh in July as compared to 10,540GWh in July 2015. Rao Amir Ali at Arif Habib Limited said growth in generation was mai ......
Bangladesh Petroleum Corporation (BPC) borrowing from the Islamic Development Bank (IDB) for oil import has been on a headlong fall for a slip in international oil prices over the years, officials sai ......
The government would pay lower 'mark-up' rate, known also as interest rate, to the International Islamic Trade Finance Corporation (ITFC), the lending arm of the Islamic Development Bank (IDB) next ye ......
