Sufficient FO stock available to meet country’s winter energy needs: Hammad
ISLAMABAD: Minister for Energy Hammad Azhar on Sunday clarified some ‘misconceptions’ about the availability and consumption of furnace oil (FO), saying it...
Air Headquarters asks DG Oil to resolve refineries’ storage issue
ISLAMABAD: Air Headquarters (AHQ) has asked the Petroleum Division’s director general (DG) Oil to intervene and urgently resolve the issue of rising...
Another 63 day OMO injection by SBP
KARACHI: The State Bank Of Pakistan (SBP) is conducting a Reverse Repo Purchase injection of the usual 7 day tenor and the...
CCoE reviews proposals to enhance domestic LPG production
ISLAMABAD: The Cabinet Committee on Energy (CCoE) on Thursday asked the Petroleum Division to review the recommendations for enhancing domestic Liquified Petroleum...
K-Electric seeks colossal hike in power tariff
ISLAMABAD: K-Electric has asked the National Electric Power Regulatory Authority (NEPRA) to approve a Rs5.50 per unit increase in the electricity tariff...
Sixth review to be presented to IMF board on Jan 12: Finance Ministry
The sixth review of the Extended Fund Facility (EFF) would be presented to the International Monetary Fund (IMF) board on January 12.
In...
Govt likely to revise SBP amendment bill
ISLAMABAD: The government is likely to revise the State Bank of Pakistan (SBP) Amendment Bill owing to reservations from different quarters.
Sources said...
Strong participation in PIBs as market anticipates pause in tightening cycle
KARACHI: The government raised Rs158 billion in the Pakistan Investment Bond (PIB) auction on Wednesday against the target of Rs100bn.
Participation in the...
ADB to loan Pakistan $1.54bn for energy, urban development projects
ISLAMABAD: The government and Asian Development Bank (ADB) on Wednesday signed six financing agreements worth $1.54 billion for energy sector reforms, social...
CCoE to discuss five agenda items today
ISLAMABAD: A meeting of the Cabinet Committee on Energy ( CCoE) scheduled to take place today will take up five agenda items...
Pakistan’s B2B agritech startup Tazah closes pre-seed round at $6.5m
LAHORE: Lahore-based B2B fresh produce marketplace Tazah Technologies has raised an additional $4.5 million in its pre-seed extension round, bringing the total...
Govt eyes profits from oil, gas entities for circular debt reduction
ISLAMABAD: The government is mulling over reducing the circular debt by allocating its profit share from the earnings of Oil and Gas...
Commerce ministry finally notifies trade policy 2020-25
ISLAMABAD: The Ministry of Commerce (MoC) on Tuesday finally notified the Strategic Trade Policy Framework (STPF) 2020-2025 following the policy's approval by the...
Fatima Fertiliser looks to acquire majority shares in Samba Bank
KARACHI: Fatima Fertilizer has confirmed its intentions to acquire Samba Bank Limited.
According to an announcement made by Arif Habib Group, the consortium...
Cabinet moves to tighten rules for Auditor General
ISLAMABAD: The government has been mulling over tightening the noose around the Auditor General Pakistan Revenues (AGPR) by constituting a high-level committee...