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ADB approves $250m for power transmission network
Karachi: Asian Development Bank (ADB) has approved $ 250 million in loans to improve and expand power transmission network in Punjab and Khyber Pakhtunkhwa provinces, read a statement released. ADB said that its Power Transmission Strengthening Proje...
Inter-bank: Rupee retains value against greenback
Karachi: Rupee registered back-to-back gains against dollar as it appreciated 0.31 percent in inter-bank market. As per State Bank of Pakistan, domestic unit settled at 286.50, an increase of 0.88 paisa. During day, currency dealers said that rupee w...
Interim PM Kakar focusing on modernizing Gwadar's fisheries through professional training
ISLAMABAD: Caretaker PM Anwaarul Haq Kakar said that modernisation of fisheries in Gwadar was government's priority. Stakeholders were being trained to improve their working at par with international standards by utilising modern machinery and boats...
IMF connection endures: Pakistan's persistent tether despite economic shifts
Interim Finance Minister Dr. Shamshad Akhtar highlighted Pakistan's need for a prolonged IMF program and emphasized the necessity of raising electricity and gas prices to meet ongoing bailout package conditions, attributing the country's "fragile" ec...
‘FPCCI stands by govt on IMF SLA’
Karachi: FPCCI welcoming successful completion of first review of staff-level agreement (SLA) with IMF pertaining to current Standby Agreement (SBA) said it stood by government to surpass its revenue generation target despite all odds and, above all,...
PRL executes upgrade agreement with OGRA
Karachi: Pakistan Refinery Limited (PRL) executed an upgrade agreement with Oil and Gas Regulatory Authority (OGRA). In accordance with mandatory provisions outlined in Pakistan Oil Refining Policy for upgradation of existing/brownfield refineries, 2...
PSX surpasses 57,000 following successful IMF review
The Pakistan Stock Exchange (PSX) surged beyond the 57,000-point mark, driven by investor confidence following the International Monetary Fund's (IMF) staff-level agreement on the initial review of a $3 billion stand-by arrangement. The PSX's main in...
FPCCI demands Rs18-20 drop in fortnight POL price review
Karachi: President FPCCI Irfan Iqbal Sheikh demanded government should announce reduction of 18-20 rupees per litre in prices of petroleum products as international oil prices are showing declining trend despite harrowing ongoing conflict and supply...
SITE industrialists protest exorbitant hike in gas tariff
KARACHI: An Emergent meeting of SITE Association of Industry (SAI) was held to devise strategy for future line of action in view of recent exorbitant increase in industrial gas tariff due to which, industries of Karachi have become unviable to operat...
MARI commences gas production from appraisal well in Sindh
Karachi: Mari Petroleum Company Limited (MARI) has successfully commenced gas production from its appraisal well Mari Ghazij-l, located in Mari D&PL, Sindh. Company shared development in its notice to Pakistan Stock Exchange. Last month, company...
