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
Five Pakistani exhibitors exhibit at Texworld Apparel Sourcing event in Los Angeles
Pakistani manufacturers include Mehmood Textiles, Creative Apparels, Denim Dreams by ZA Apparel, Towellers, and Kings Apparel
Textile exports decline by 10% MoM, 3% YoY in July 2024Â
Decline attributed to lower cotton yarn and cloth exports; garments and canvas show growth in the first month of the fiscal year
Internet firewall could cost Pakistan’s economy $300 million: P@SHA
Government's lack of transparency on firewall sparks distrust; global IT clients fear privacy compromise; P@SHA calls for immediate and unconditional halt to this digital siege
NEPRA flags Rs596 billion in losses due to Discos’ inefficienciesÂ
Transmission and distribution losses rise to 18.31% in FY24, resulting in Rs276 billion addition to the circular debt
K-Electric seeks Nepra nod to extend lifespan of Bin Qasim power units
Power utility aims to keep units operational until new coal plant launches in 2027
Task force formed to implement structural reforms in power sector
Initiative aims to reduce the financial burden on the federal government and establish an efficient, self-sustaining competitive power market
Nepra approves Rs6.690 billion negative adjustment for K-Electric
Quarterly Adjustment for April-June 2023 to be included in new multi-year tariff