33 LPG-air mix plants slated for setting up In 2018-19
ISLAMABAD, June 4 (APP): The two state companies, Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL) have...
Italy offers Pakistan marble processing machinery
ISLAMABAD: Italy’s AMS Group Managing Director Alberto Visinoni, while looking for bilateral cooperation, has asked Pakistan’s industry to utilise the group’s mining machinery...
Dawood Lawrencepur approves Rs70 million investment in right share issue of Reon Energy
It also gave go-ahead to an issuance of a corporate guarantee in favour of Allied Bank as a security against running finance/money market loan of Rs5 million to be obtained by Tenaga Generasi Limited
Pak-Russia to sign billion dollar energy deal
Russia has shown readiness to export gas by laying an offshore pipeline through Gwadar Port to Pakistan and India
OGRA revokes Rs566 mn penalty on Pakistan LNG Limited
Following reports of alleged pressure by former prime minister Shahid Khaqan Abbasi to revoke OGRA’s decision, OGRA has finally decided to cancel the RS560 million penalty placed on PLL for cancelling the import of four LNG cargoes to the country, and pass it on to consumer.
At-Tahur Ltd set to get listed on PSX later this month
This will be the third IPO of the year following Matco Foods and AGP Pharmaceutical’s listing on the bourse in January and February respectively
Profit repatriation rises to $1.773b in July-April FY18
Power sector recorded the highest FDI inflow $750 million and payments on FDI touched $180 million during July-April FY18
NAB starts investigation into appointments of heads of oil and gas companies
Appointments of heads at PSO, PLL, GHPL is being probed by NAB and notices have been sent to the Ministry of Energy (Petroleum Division) to furnish records
Installed generation capacity rose 30 percent during PML-N’s tenure
Power generation during the PML-N’s tenure grew from 22,812MW in 2012-13 to 29,573 megawatts till February this year
IP gas pipeline implementation to be reviewed in next financial year 2018-19
The 56-inch pipeline would start from the onshore gas processing facility at Assaluyeh in Iran to transverse a distance of 1,150km up to the Iran-Pakistan border
Pak Suzuki Motor Company Ltd jacks up car prices for third time in 2018
ISLAMABAD: The Pak Suzuki Motor Company Limited (PSMCL), while giving its revisions in automobile retail prices, has jacked up the prices of its vehicles...
FATA merger with KPK opens opportunity for fresh investment: BMP
KARACHI: The Businessmen Panel (BMP) hailed FATA’s merger with Khyber Pakhtunkhwa (KP) province as a landmark advancement opening fresh vistas of progression...
PSO clarifies its position with regards to ongoing rumours
KARACHI: Clarifying its position on recent rumours circulating in some quarters of the local media surrounding Pakistan State Oil (PSO), the nation’s...
Bestway Cement completes construction of brownfield expansion project
Last April, Bestway Cement (BCL) had shelved its plan to acquire Dewan Cement Ltd’s (DCL) north plant due to legal uncertainties and delays that arose in light of the court proceedings initiated in the Sindh High Court
Crude oil eases on record U.S. production, OPEC supply hopes
Global benchmark Brent crude, which was little changed in the previous session, was down 9 cents, or 0.1 percent, to $77.47 per barrel