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Mari acquires working interest in Zarghun South, Nareli Block
Karachi: Mari Petroleum Company Limited (MARI) has acquired working interest from Spud Energy Pty Ltd (SEPL) in Zarghun South and Nareli Block. Mari shared development in its notice to Pakistan Stock Exchange. “Mari and SEPL have signed agreeme...
ATRL sees profit decline 37pc in 2QFY24
Karachi: Despite higher sales, Attock Refinery Limited (ATRL) subsidiary of Attock Oil Company Limited saw its profit-after-tax (PAT) drop over 37 percent, clocking in at Rs 5.26 billion in 2QFY24 on consolidated basis for period ended December 31, 2...
Saudi Minister witnesses FPCCI-MANAFEA accord: FPCCI
Karachi: FPCCI represented Pakistan’s private sector in Makkah Halal Forum 2024 and has apprised that global halal foods market size has reached whopping $ 2.5 trillion. It doesn’t stop there as it will continue to grow at 13.5 percent pe...
PBC urges incoming govt to effectively implement FBR restructuring
Karachi: Pakistan Business Council (PBC) urged incoming government to effectively implement Federal Board of Revenue (FBR) restructuring measures announced by caretaker setup. “Good work done by caretaker government and Special Investment Facil...
PSF to start receiving applications from March: Dr Umar
Karachi: Pakistan Startup Fund (PSF) launched to facilitate startup investment will commence accepting funding applications from March onwards. Development was shared by Dr Umar Saif, caretaker Minister of IT and Telecom and Science and Technology, i...
SBP maintains interest bps-rate at 22pc
Karachi: State Bank of Pakistan’s Monetary Policy Committee announced maintaining status quo, leaving key (bps) policy rate unchanged at 22 percent. MPC’s decision to maintain key policy rate unchanged for fifth time in row-is in line wit...
Gold prices witness decline in Pakistan
Gold prices in Pakistan saw a decrease, with the tola rate of 24-karat gold dropping by Rs1400 on Thursday. According to the All Sindh Sarafa Jewellers Association, the price of 10 grams of 24-karat gold increased by Rs1400 to Rs213,800 in the domes...
FPCCI, EFP join hands to capitalise GSP+ Status
Karachi: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Employers’ Federation of Pakistan (EFP) have agreed in principle to converge their policy advocacy, skills development and awareness and research and development reso...
FFL sees turnaround, earns Rs605m in 2023
Karachi: Fauji Foods Limited (FFL), subsidiary of Fauji Fertilizer Bin Qasim Limited witnessed turnaround in its financial performance, as company’s profit-after-tax (PAT) clocked in at Rs 605 million during year ending December 31, 2023. In sa...
SAI demands early issuance of 9 cents power tariff notification
KARACHI: President SITE Association of Industry Muhammad Kamran Arbi welcoming decision of government to allow power tariff at 9 cents/KWh to industrial consumers, has demanded to issue notification of same immediately. He said that power...
