By NewzTodays Editorial Team | May 20, 2021

Aftab Ahmed Islamabad: United Arab States (UAE) has confirmed unofficially that a consortium of Pakistan Petroleum Limited (PPL), Mari Petroleum Company Limited (MPCL), Oil and Gas Development Company Limited (OGDCL), and Government Holdings Private Limited (GHPL) has won an offshore block in Abu Dhabi for drilling of oil. The consortium of these companies, Pakistan Petroleum…

By NewzTodays Editorial Team | May 19, 2021

Aftab Ahmed Islamabad: A foreign company IGCF Oil and Gas Limited has offloaded 9.8 per cent shares out of total 22 percent in Byco refinery. AKD Group has also bought significant quantity of shares in recent transactions of shares in Byco Petroleum Pakistan Limited. This amounts 10 percent shares out of total 22 percent, a…

By NewzTodays Editorial Team | May 19, 2021

Karamat Mughal  Islamabad: AAA Associates, A Leading Group of Companies, and JDC Foundation (Jafaria Disaster Management Cell) jointly launched First Free Mobile Restaurant to provide 3-time meal services to the needy and indigent population of Islamabad. AAA Associates has been partnered to fund the noble cause of the JDC free food program initiative by successfully setting…

By NewzTodays Editorial Team | May 19, 2021

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP), has released guidelines for the issuance of Gender Bonds to increase the financial inclusion of women and encourage female entrepreneurship. The guidelines issued pursuant to Section 172 of the Securities Act, 2015, aim to facilitate companies and issuers of debt securities to diversify their source of…

By NewzTodays Editorial Team | May 19, 2021

Aftab Ahmed Islamabad: The government has diverted Rs 10 billion funds from the allocation of subsidy, agriculture, and NDAM to reimburse t.t charges to banks on home remittances. Last year, the State Bank of Pakistan (SBP) had hiked the profit margins of international and domestic commercial banks and currency dealers to bring home remittances through…

By NewzTodays Editorial Team | May 17, 2021

Aftab Ahmed Islamabad: The PTI government has set eight targets for the country’s new telecom policy 2021, which will equip Pakistan with the world’s developed countries in 2031 in the telecom services of internet, broadband, mobile phone, and online. The new telecom policy aims to provide broadband to 80 percent of the country’s population by…

By NewzTodays Editorial Team | May 17, 2021

Benchmark Richard Bay thermal coal prices are maintaining their northward trajectory, currently trading at US$102/ton (FOB) — hitting its highest level after a gap of around 2.5 years. Over the past two weeks, coal prices have witnessed a sharp rally of 8% attributable to ongoing tensions between China and Australia, heightened in the last few…

By NewzTodays Editorial Team | May 10, 2021

Karachi: Coca-Cola in Pakistan pledged Rs 5 billion for new global initiatives, with the priority on Covid 19 – to stop its spread on the occasion of its 135th anniversary. It has taken several other initiatives which included provision of jobs in Pakistan. The Coca-Cola in Pakistan will spend Rs3 billion in partnership with reputable…

By NewzTodays Editorial Team | May 8, 2021

Aftab Ahmed ISLAMABAD: Pakistan and the United States (US) have started trade dialogue with the Biden administration. This is the first dialogue since the inauguration of the Biden administration. The two sides have talked about the US-Pakistan Trade and Investment Framework Agreement (TEFA) along with means and ways to move this process forward. They have…

By NewzTodays Editorial Team | May 8, 2021

Alliance aims at promoting the use of the KE Live mobile app by offering an exclusive discount on the foodpanda App & Befiler Karachi: K-Electric has announced an exciting offer for new users of its KE Live Mobile application through strategic alliances with food panda – Pakistan’s largest delivery platform, and Befiler – the country’s…