By NewzTodays Editorial Team | February 3, 2022

Ibn-e-Ameer Petroleum Division has opposed clearing the entire circular debt in oil and gas companies in Pakistan through payment of dividends. The circular debt in oil and gas companies had touched over the Rs 1.6 trillion mark in Pakistan. Earlier, Economic Coordination Committee had formed a body to settle the issue of mounting circular debt…

By NewzTodays Editorial Team | February 2, 2022

Ibn-e-Ameer Oil and Gas Regulatory Authority (Ogra) has decided in principle to extend provisional licenses of new oil marketing companies (OMCs) till December 3, 2023. In a letter sent to director general (DG) oil, the regulator had requested to hold a meeting on the issue of extending licenses of OMCs. Sources said that the Prime…

By NewzTodays Editorial Team | February 2, 2022

News Report   National Electric Power Regulatory Authority (Nepra) may slash power tariff by Rs 2.59 per unit for consumers of K-Electric (KE).   The power regulator conducted a public hearing on Wednesday to consider a petition of KE to cut the power tariff.   KE pleaded to reduce power tariffs on account of fuel…

By NewzTodays Editorial Team | February 1, 2022

News Report   Pakistan CPI Inflation rate in January 2022 rose by 13.0% YoY vs. 12.3% in Dec 2021 led by low base effect, and higher food inflation.   On an MoM basis, inflation clocked in at 0.4%. In 7MFY22, inflation averaged 10.3% vs. 8.2% in the same period last year. The core inflation rate…

By NewzTodays Editorial Team | February 1, 2022

News Report Lucky Electric Power Company (LEPCL) is set to commence operations on February 15-20. The Lucky management has informed during LUCK Corporate Briefing 2QFY22. It informed that they had resolved all outstanding issues. This will aid profitability significantly. Delay was on account of grid connection so the company does not anticipate getting any penalty for…

By NewzTodays Editorial Team | January 31, 2022

News Report The Federal Board of Revenue (FBR) has surpassed the 7-months revenue collection target by Rs 262 billion. The Federal Board of Revenue has successfully maintained the momentum of its growth trajectory in revenue collection. Revenue Collection Figures FBR has released the provisional revenue collection figures for the months July 2021 to January 2022…

By NewzTodays Editorial Team | January 25, 2022

Aftab Ahmed Islamabad: Pakistan Telecommunication Authority (PTA) has slapped a fine of Rs 30 million to Pakistan Mobile Communication Limited (PMCL)—Commonly known as Jazz Pakistan for failing to comply with Quality of Services, said order of the Authority issued here on Tuesday. Jazz Pakistan also failed to comply with KPIs in 4th Quarter 2020 surveys…

By NewzTodays Editorial Team | January 25, 2022

1. Introduction to the Mother Teresa Mother Teresa Biography: Mother Teresa was a famous Roman Catholic missionary and Nobel laureate. She was born in the Ottoman Empire on 26 August 1910 and died in Calcutta on 5 September 1997. Mother Teresa was an ethnic Albanian. She was born in Skopje, in what is now the…

By NewzTodays Editorial Team | January 21, 2022

News Report The economic coordination committee (ECC) on Friday allowed operations of Agritech and Fatima Fertilizer Plants for another two months. The ECC after detailed deliberation allowed the operations of SNGPL based plants ( Fatima Fertilizer (Sheikhupura plant ) and Agritech) for a further two months post-Jan 2022 i-e Feb – Match 2022 at a…

By NewzTodays Editorial Team | January 18, 2022

News Report Pakistan has welcomed Qatar in joining the LNG terminal being set up by Energas. At present, two companies-Energas and Tabeer Energy are setting up two LNG terminals. Qatar had shown interest to become a partner in the Energas LNG terminal.  The Energas is a consortium of Pakistani leading companies. The government has already…