The Pakistan Stock Exchange (PSX) opened on a strong note Wednesday, with the benchmark KSE-100 Index climbing over 400 points in the early hours of trading. At 9:50am, the index stood at 156,582.41, up by 401.47 points or 0.26%. Gains were fueled by buying in key sectors such as banking, oil and gas, automobiles, and…
Islamabad:In recognition of the prevalent energy sector challenges,the National Energy Efficiency and Conservation Authority (NEECA) signed a Memorandum of Understandingwith Air University Islamabad (AU) to collaborate for catalyzing research, development, and innovation in the field of energy efficiency and conservation.Dr. Sardar Mohazzam, Managing Director NEECA,and Vice-Chancellor, Air MarshalAbdul Moeed Khan HI (M)graced the signing ceremony…
Oil and Gas Regulatory Authority (Ogra) increases gas prices for the gas consumers of both gas utilities-SNGPL and SSGC for the financial year 2023-24. The gas regulator had made a huge increase of 50 percent in gas prices for the consumers of Sui Northern Gas Pipeline Limited (SNGPL). It has also allowed a 45 percent…
Pak Suzuki Motor has requested Prime Minister Shahbaz Sharif not to impose any new duties and vehicle taxes in the upcoming budget especially on up to 1000cc vehicles. In a letter sent to Prime Minister, Pak Suzuki Motor Co. Ltd said that it is fighting for survival and therefore the government should not impose any…
The government has reduced the price of petrol by Rs 8 per liter effective from June 1, 2023. The price of high speed diesel (HSD) and Light diesel oil have been slashed by Rs 5 per liter each. But no change has been made in the price of kerosene oil. In a statement, the finance…
Ambassador of Turkmenistan to Pakistan Atadjan Movlamov has said that significant progress has been made on the bilateral transit trade agreement between Pakistan and Turkmenistan. The working of the agreement has been finalized and the agreement will be signed soon, Ambassador said during a meeting with delegation of Pakistani businessmen. New ways to promote…
Skyrocketing Electricity Prices are Stretching Consumers’ affordability to breaking point, adversely impacting recovery of Power distribution companies (Discos), reveals a survey. The survey revealed that rising electricity tariffs are increasingly moving beyond the affordability of the masses and adversely impacting their consumption patterns, leading to a fear of causing hurdles inability put adverse impact on…
Oil and Gas Regulatory Authority (OGRA) on Thursday increased price of RLNG for May 2023 up to $ 0.17 per MMBtu for consumers of two gas utilities. Pakistan has been importing LNG since 2015 in order to bridge the demand of local consumers. The oil and gas regulator notifies the prices of LNG on monthly…
By: Omed Hajjana Islamabad: A Parliamentary Panel on Wednesday took a serious notice of an attack on DG EPA during inspection at Savour Foods, Islamabad. During the meeting, the committee took notice of a complaint from the DG EPA regarding an attack on her during an inspection at Savour Foods, Islamabad. The National Assembly Standing…
The country’s largest oil and gas explorer-Oil and Gas Development Company Limited (OGDCL) is set to make equity investment as a strategic investor in Pakistan Refinery Limited (PRL). Two companies have signed MoU to explore this option. One of the key aspects of this strategic cooperation between two companies includes OGDCL’s equity investment in PRL…