By NewzTodays Editorial Team | March 10, 2021

Aftab Ahmed The Economic Coordination Committee (ECC) is set to review the recommendations of the committee which proposes to renew licenses of telecom companies in rupee terms instead of the US dollar. The Pakistan Telecommunications Authority (PTA) and the Finance Division have opposed the license renewal fee for telecom companies in rupees. Telecom companies approached…

By NewzTodays Editorial Team | March 8, 2021

Aftab Ahmed HUBCO is going to expand into oil and gas upstream along with renewable energy by acquiring Italian firm ENI. In addition to onshore exploration activities, ENI had been an operator in offshore exploration activities in Karachi. The efforts did not yield results. However, it was part of a consortium of Pakistani state companies…

By NewzTodays Editorial Team | March 1, 2021

The government has imposed a ban on the interest rate on lending money between private parties with imprisonment and a fine of up to one million rupees. In this regard, the National Assembly of Pakistan has passed a Bill, to prohibit the business and practices of private, money-lending, and advancing loans. According to a bill,…

By NewzTodays Editorial Team | March 1, 2021

Aftab Ahmed National Bank of Pakistan—the country’s leading public bank—has refused to give cash dividends or any bonus shares for the shareholders of the leading bank said an official communique of the Bank sent PSX. “The Board of Directors of National Bank of Pakistan in its meeting on Feb 24, 2021, has not recommended any cash…

By NewzTodays Editorial Team | February 23, 2021

Aftab Ahmed Masroor Khan has assumed the charge of Chairman OGRA bringing 30 years of local and international experience notably in the field of Downstream. Earlier, Masroor Khan has worked in Shell Pakistan Limited (SPL) before appointment as chairman Ogra. Besides this, Mr. Khan has also experience in retail fuel, Engineering, Project Management, Oil Asset…

By NewzTodays Editorial Team | February 15, 2021

A woman’s Tik-talk video on social media is confusing consumers with her twin sister of Momina Basit, who is a PTI member from Khyber Pakhtunkhwa. However, users are considering her as Momina Basit. In this video, a woman in a slightly western dress is wearing a face mask. In this video, a hairdresser is fixing a…

By NewzTodays Editorial Team | February 9, 2021

The Federal Cabinet on Tuesday ratified a decision of ECC by de-capping the dividends on the shares of Mari Petroleum Company Limited (MPCL), a member of the Cabinet told this correspondent. Earlier, the Economic Coordination Committee (ECC) has allowed Mari Petroleum to remove the cap on dividends’ distribution. ECC approved it in the meeting held…

By NewzTodays Editorial Team | February 8, 2021

 The Economic Coordination Committee (ECC) of the Cabinet on Monday approved to pay Rs 399 billion to Independent Power Producers (IPPs). Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh, chaired the Economic Coordination Committee (ECC) meeting of the Cabinet. Federal Minister for Planning, Development and Special Initiatives Asad Umar, Federal Minister for Energy…

By NewzTodays Editorial Team | February 7, 2021

Mr. Imran Maniar has taken charge as MD, Sui Southern Gas Company–SSGC. Mr. Maniar is an accomplished professional with more than 30 years of strong track record in building, leading, and advising private equity and corporations in mergers and acquisitions,  restructurings, turnarounds, capital market transactions, logistics, upstream and midstream operations, oil field, and engineering services….