DISCOs, KE seek power tariff hike for April under FCA and quarterly adjustments
ISLAMABAD: Power Distribution Companies (DISCOs) have requested a Rs 2.01 per unit increase in electricity tariff for April 2023, while K-Electric has...
Former KASB Bank sponsors submit objections to SBP
State Bank of Pakistan (SBP) used its regulatory powers under Section 47 of the Banking Companies Ordinance 1962 to merge KASB Bank with and into BankIslami Pakistan Ltd (BIPL) in May 2015 at a token price of Rs1,000 on the basis of the valuation conducted by the audit firm.
GSK to discontinue manufacturing, supply of Zantac products
LAHORE: Pharmaceutical company GlaxoSmithKline Pakistan Limited (GSK) has decided to discontinue the manufacture and supply of the Ranitidine brand (Zantac), informed the...
Trump blames oil fight, ‘Fake News’ for stock market drop
WASHINGTON: US President Donald Trump blamed a fight for oil market share between Saudi Arabia and Russia, as well as unspecified “Fake...
Saudi says no immediate plan to boost oil output as Iran waivers end
RIYADH: Saudi Arabia has no immediate plans to raise oil output after the United States ends sanctions waivers for buyers of Iranian crude,...
PARC trains 100,000 farmers in last 4 years
ISLAMABAD
The Pakistan Agriculture Research Council (PARC) has trained about 100,000 farmers of rice, wheat, maize and sugarcane crops across the country during...
NEPRA, Govt under fire over proposed Rs7.50 per unit power tariff hike
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) and the government faced severe criticism during a hearing on the proposed increase in...
Cement exports increase by 30.8pc in 10 months
ISLAMABAD: The export of cement from the country witnessed an increase of 30.89pc during the first ten months of the ongoing fiscal year,...
PIAF rejects hike in oil prices
LAHORE: The Pakistan Industrial and Traders Associations Front (PIAF) Chairman Irfan Iqbal Sheikh has condemned the government for increasing prices of petroleum products...
Omar Ayub Khan inaugurates training simulator at NTDC
LAHORE: Energy (Power Division) Minister Omar Ayub Khan and Embassy of Japan Deputy Chief of Mission Yusuke Shindo jointly inaugurated the Technical Services...
Pakistan’s largest private power producer has a new chairman & he plans to bring energy prices down to one third
LAHORE: As power prices surge in the country, Hubco Board Chairman, Habibullah Khan plans to provide electricity slightly above one-third of the...
Hascol enters into joint operations agreement with Total Parco
LAHORE: A bourse notification filed Thursday by Hascol Petroleum revealed it had entered into a joint operations agreement with Total Parco Pakistan...
Star-studded premieres of “Peek Freans presents Gluco Allahyar and the Legend of Markhor” held in Lahore and Karachi
KARACHI: Star-studded premieres of “Peek Freans presents Gluco Allahyar and the Legend of Markhor”, the latest animation movie by ARY Films and 3rd...
Banking sector performance report for 1st quarter released by SBP
KARACHI
The deposits of the banking sector have gone up by one per cent in the first quarter (Jan-Mar) of the calendar year...
IPPs explain profits, operations in second advert
As part of its public awareness campaign, the Independent Power Producers (IPPs) Advisory Council has published its second advert in leading newspapers...