PM orders expansion of PNSC fleet to save $4bn in annual maritime trade costs
Due to less ships in PNSC fleet, the country spends $4 billion annually on maritime trade, says Shehbaz Sharif while chairing a high-level meetingÂ
Kohala Hydro seeks extension of Letter of Support for $2.5bn project to protect water rights under Indus Waters Treaty
Company requests LoS extension until September 30, 2027; stresses the timely development of 1,124 MW hydropower project is essential for Pakistan to protect its rights to Jhelum water
Textile exports rise 7.37% to $16.36 billion in 11 months of FY2024-25
Knitwear exports increased by 14.46% to $4.56 billion, while bed wear exports surged 10.56% to $2.84 billion compared to last year
Senate panel approves new power bill surcharges to repay circular debt
Consumers to face higher electricity costs as surcharge cap lifted under IMF-aligned fiscal reforms
Attock refinery signs agreement with Italian firm STP for $600 million upgradation project
Cost of the upgradation project estimated up to US$ 600 million
Federal cabinet approves Rs1.275 trillion bank loan to cut power sector circular debt
Markup for the loan set at 0.9percent below KIBOR
Interloop’s associate firm Textile Hub B.V acquires Bonnie Doon brand
Acquisition encompasses the global trademarks for the brand Bonnie Doon®, along with associated inventory and e-commerce infrastructureÂ
ECC directs shift from minimum indicative prices to open market pricing for tobacco crop
Ministry of National Food Security tasked with developing plan to phase out fixed tobacco prices in favor of market-driven rates
Pakistan’s big industry records 2.29% YoY growth in April
Automobile, cotton yarn, and garment industries show strong performance, while sugar, cement, and iron sectors experience declines
At PSO, circular debt stops growing
Consumer spending recovery helps stabilize company; better policy results in at least a stemming of the bleeding; and electric charging stations help prepare for the end of the age of oil
IFC boosts investment in Reko Diq with $400 million loan, total financing now $700 million
Copper-gold mega project in Balochistan gains momentum as global lenders join $6.6 billion funding drive; production set for 2028
OGDCL discovers gas and condensate from exploratory well Faakir-1 in Sindh
Test results indicate a production of 6.4 million standard cubic feet of gas per day and 55 barrels per day of condensateÂ
Solar panel prices surge ahead of 18% sales tax takes effect
Traders blame importers for price hike, PSA voices strong opposition to proposed tax, urges government to reconsider its decisionÂ
Pakistan to increase refining capacity by 15% by 2027Â
Govt sets targets for crude oil and natural gas production at 24.24 million barrels and 1.24 trillion cubic feet, respectively, for FY26
OGRA slaps over Rs400 million penalty on 20 OMCs for stock shortfalls, local uplift failures
OGRA fines 20 oil firms over Rs400 million for failing stock cover and refinery uplift mandates, warns of stricter action for non-compliance