Report on offshore drilling near Karachi to be released after March 15: adviser
- 08-Mar-2019
A group of multinational companies had started offshore drilling at a distance of 230 kilometers from Karachi for exploration of oil and gas on Jan 14.
NAB unearths more offshore properties of Aleem Khan
- 25-Feb-2019
'He generated as many as 28 million dirham through trading of the 12 traced properties in 2006 to 2017, but never disclosed the same in his assets’ details'
World needs new offshore oil investments to avoid shortages
- 29-Sep-2017
HOUSTON: Higher investments in offshore oil production are critical to avoiding a supply squeeze by 2020, as expanding shale output will not match projected demand increases in the next few years, U.S. oil producer Hess Corp said on Thursday. The past four years of low oil prices have major producers pulling back on needed offshore […]
Dutch open ‘world’s largest offshore’ wind farm
- 09-May-2017
THE HAGUE: Dutch officials on Monday opened what is being billed as one of the world’s largest offshore wind farms, with 150 turbines spinning in action far out in the North Sea. Over the next 15 years, the Gemini wind park, which lies some 85 kilometers (53 miles) off the northern coast of The Netherlands, […]
Apple, Microsoft, other US firms hiding $1.6 trillion in offshore tax havens: Oxfam
- 12-Apr-2017
WASHINGTON: The 50 largest US companies, including Apple, Microsoft and Wal-Mart, are parking about $1.6 trillion in offshore tax havens to reduce their US tax burden, according to a study published Wednesday. Poverty-fighting organization Oxfam America said the sum for 2015 was a $200 billion increase over the prior year. The report cites the companies’ […]
No serving or retired judge can probe Sharif’s offshore wealth: Aitzaz
- 10-Apr-2016
ISLAMABAD: Pakistan People's Party (PPP) Senator Aitzaz Ahsan says only international banking experts can probe the revelations of Sharif family offshore wealth, ARY News reported.
British PM Cameron releases tax records after Panama storm
- 10-Apr-2016
LONDON: British Prime Minister David Cameron on Sunday released his tax details in a bid to head off a row over his father's offshore business, and announced a new taskforce to scrutinise the so-called Panama Papers.
PM Nawaz Sharif’s family hit back after Panama Papers leak
- 04-Apr-2016
ISLAMABAD: The family of Prime Minister Nawaz Sharif Monday defended their ownership of offshore companies after they were named in the Panama Papers, one of the biggest media leaks in history.