Breaking
Govt to shift PSO head office to Islamabad
Aftab Ahmed The federal government plans to shift the head office of Pakistan State Oil (PSO) from Karachi to Islamabad before December 2021. Sources said that…
Breaking
Breaking
PPL’s exploration projects are at stake
Aftab Ahmed The state-run Pakistan Petroleum Limited (PPL)’ exploration projects are at stake as it is out of pocket due to circular debt. The company is…
Breaking
PTI Govt borrows Rs 11.5 trillion
Aftab Ahmed The PTI government has borrowed Rs 11.5 trillion during the last two years. The Minister for Finance Abdul Hafeez Sheikh had recently briefed the…
Breaking
ECC allows Mari Petroleum to remove dividend’s cap
Aftab Ahmed The Economic Coordination Committee (ECC) has allowed Mari Petroleum to remove the cap on dividends’ distribution. ECC approved it ints the meeting held on…
Breaking
Iranian diesel meets 19.5% Pakistan’s needs
Iran meets the 19.5 percent demand of Pakistan for high-speed diesel (HSD) through smuggling. The Petroleum division disclosed a Senate Standing Committee meeting that met with…
Breaking
SBP exempts investment upto $10 million abroad
Aftab Ahmed The government has authorized the State Bank of Pakistan to grant an exemption to the residents for their investment up to US $ 10…
Breaking
Shaheen Air commits Rs11.5b default against HBL,UBL
Shaheen Air International (SAI) has allegedly committed a “willful default” worth Rs11.5 billion against two leading banks- Habib Bank Ltd (HBL) and United Bank Ltd (UBL).…
Breaking
FFBL hikes DAP fertilizer price in Pakistan
Aftab Ahmed The Fauji Fertilizer Bin Qasim Limited (FFBL) increased price of DAP by Rs550 per bag in Pakistan, mainly due to increased demand globally and…
Breaking
SECP takes action against illegal business of two firms
The Securities and Exchange Commission of Pakistan (SECP) has clarified that the mere registration of a company with SECP does not authorize acceptance of deposits from…
Breaking
ECC to allow Mari Petroleum removing dividend’s cap
Aftab Ahmed The Petroleum division has assured stakeholders of moving a summary to the economic coordination committee (ECC) allowing Mari Petroleum to remove the cap for…