Govt approves termination of power deals with five IPPs
This decision is expected to save Rs60 billion annually for consumers, and Rs 411 billion for the national kitty; PM terms it the beginning of a larger process
Hubco, Lalpir call emergency meetings as govt moves to terminate IPPs agreements
Energy sector faces uncertainty as IPPs consider government’s early termination proposal
Four IPPs initiate termination of power dealsÂ
Consumers can see up to Rs7/unit reduction in tariffs after successful renegotiations of deals, says Power MinisterÂ
UAE’s Adnoc-backed company seeks to invest in LNG import terminals in Pakistan
There is a lot of potential in India, Bangladesh, Pakistan and the Philippines, says CEO VTTI BV
Arctic Textile Mills to lease spinning units for business expansion
Leasing initiative aimed at enhancing production capacity amidst rising yarn conversion orders
Din Textile to establish new bedsheet stitching unit
Company expands production capacity with new stitching facility
Rs352bn investment plan approved for NTDC’s transmission system upgrade
Three-year investment plan targets infrastructure upgrades, loss reduction, and capacity enhancement across key grid stations
Fauji’s bid for Agha Steel: is it the right move?
Not the most attractive asset in the industry, but that may represent an opportunity for the conglomerate best known for its stewardship of industrial assets
Pakistan’s textile exports rebound with 13% surge in August
Sector shows strong recovery after two months of contraction, as exports hit $1.64bn
Govt summons six IPPs owners for questioning over alleged undue profits
Prime Minister-led probe pressures power producers to renegotiate contracts amid rising energy costs
Reliance Cotton Spinning Mills approves merger with Amer Cotton Mills
Board approves merger plan subject to court and regulatory approvals
Task force formed to prepare plan for $8bn CPEC energy debt reprofilingÂ
Joint team of Pakistani and Chinese experts to draft initial plan for debt restructuring under which the repayment could be extended for five yearsÂ
Small textile mill closures accelerating in Faisalabad
Industry on edge and panicked after Sitara Textile closed its mill for relocation
LSM sector records modest growth in FY2023-24Â
June output shows slight decline; key sectors including textiles and automobiles face downturn
Nine departments of MoST left without permanent heads
Irrelevant officials running key organizations on ad hoc basis