Iran’s Khatam-ol-Anbia Construction Headquarters has withdrawn from the development plan of South Pars gas field’s phases 15 and 16, Mehr news agency has reported. The National Iranian Oil Co did not provide further details about the fi…

Foreign Minister Shah Mahmood Qureshi Saturday highlighting the importance of international help and cooperation said Pakistan needs budgetary support for poverty alleviation and to complete development projects to fight against the menace of terrorism and extremism. In his opening remarks at the meeting of Ministerial Meeting of Friends of Democratic Pakistan held at Foreign Office the Foreign Minister said, Today we are having to divert significant resources from our development programme towards fighting the militancy and in the immediate term we need budgetary support so that our poverty alleviation and development programmes continue uninterruptedly. The meeting was also being attended by Special Representative of U.S

Karachi Stock Exchange (KSE) witnessed bullish trend this week and 100-index closed at 10,072 points with an overall increase of 189 points. Trading remained in positive note due to buying of foreign investors, however, introduction of leverage product proved to be beneficial for the market. KSE crossed the level of 10,000 points.

Pakistani importers have made agreement with India to purchase 25,000 cotton bales and the cotton will reach Pakistan in October through Wahgah Border. Pakistan Ginners Association member Ahsanul Haq told Dunya News that the cotton has been purchased at the rates of 78 cents per pound.

Egyptian Electricity Minister Hassan Younes has said that Egypt and Saudi Arabia have signed a $2.5m contract with an unidentified company for work on linking their power grids, Bloomberg has reported. The company will study a route for…

Providing clear, easy-to-understand information for consumers is one of the most important part of business for a telecom company. I noticed that Mobilink has a page on their website called ‘Consumer Manual’. From a usability point of view it is very well designed. The content there is concise and is easy to read. If you [...]

PEL Selects Oracle E-Business Suite is a post from: ProPakistani

PEL Selects Oracle E-Business Suite is a post from: ProPakistani Pak Elektron Limited (PEL) has selected the Oracle E- Business Suite Release 12 to streamline its business processes and financial systems. PEL chose to deploy the Oracle E-Business Suite Release 12 to replace its various legacy systems, to meet its growing business demands, optimize its [...]

Iraq is to supply crude to the majority of Asian term buyers at full contracted volumes for August, compared with an average 10% to 15% cut for July, Reuters has reported, citing oil traders. The cuts for July had been as deep as 50%, t…

Saudi utility Marafiq has invited firms to bid to build a $1.5bn, 850 megawatt steam power plant in the Red Sea port of Yanbu, Reuters has reported, citing industry sources. The plant is to be fired with heavy fuel-oil or Arab light cru…

Qatari LNG producer Rasgas has said that all liquefied natural gas production units are back online after an extensive maintenance programme, Reuters has reported. The trains will take time to ramp up to full production after the outage…