Pakistan and Iran are set to open the Mandi-Pishin border market on May 2 to boost trade between two countries. Pakistan has requested the facilitation of legal channels to increase bilateral trade between the two nations and highlighted the issue of the flooding of illicit goods from Iran. The Pakistani side has also criticized Iran…
The Saudi Fund for Development (SFD) has signed a US$240 million loan agreement to support Pakistan’s Mohmand Multipurpose Dam Project. This is a large hydropower complex that will enhance Pakistan’s energy security, provide more water for agriculture and people, and make the country more resilient to floods. The Saudi Ambassador to Pakistan, Mr. Nawaf bin…
Experts have stressed on exploring ways to address the growing need for retention and growth of valuable talent, with a particular emphasis on the role of leadership. S&P Global and Nutshell Group hosted a webinar titled “Career Development: Creating a Path for Employee Growth and Retention.” The event brought together top corporate executives and HR…
NTDC has come under fire again for its failure to lay transmission lines to evacuate electricity from Thar coal-based power plants, which could burden consumers with Rs 80 billion. The consumers of power distribution companies (Discos) may have some relief due to a reduction in electricity rates on account of the monthly fuel adjustment for…
Pakistan and Iran on Monday signed a 100 MW electricity supply deal to Gwadar. On the instructions of Prime Minister of Pakistan Mian Shahbaz Sharif, Minister for Energy Engr. Khurram Dastgir Khan visited Iran from 10-3-23 to 13-3-23. Minister Khurram Dastgir held meetings with Iranian Minister of Energy Mr. Ali Akber Mehrabian. During the meeting,…
The UK Prime Minister’s Trade Envoy to Pakistan, Mark Eastwood MP, concluded his four-day visit to Pakistan. The Trade Envoy’s program included wide-ranging discussions in Karachi, Lahore, and Islamabad with senior figures from the federal and provincial government and leading British and Pakistani businesses. The visit underlined the UK’s commitment to Pakistan and the Trade…
Member of British Parliament and British Prime Minister’s Trade envoy Mark Eastwood called on Federal Minister for Commerce Syed Naveed Qamar for the enchantment of bilateral trade. Federal Minister for Commerce welcomed the visit of Mark Eastwood to the commerce ministry and appreciated his efforts for the enhancement of bilateral trade between the two countries….
Sui companies have requested the Oil and Gas Regulatory Authority (OGRA) to allow hike in gas prices in 2023 by up to Rs 730 per Million British Thermal Unit (MMBTU) to address their revenue shortfall in Financial Year (FY) 2023-24. Inflation-weary citizens brace for yet another heavy blow as Sui Northern Gas Pipelines Limited (SNGPL)…
Islamabad: The National Electric Power Regulatory Authority (NEPRA) on Thursday raised serious questions over the imposition of a power surcharge on consumers. The regulator held a public hearing on the government’s petition to allow the imposition of a Rs3.39/unit additional surcharge and the transfer of up to Rs14.23/unit staggered FCA to power consumers. In two…
The management of K-Electric (KE) has submitted a plan to the power regulator ensuring to make 95% of Karachi to be load shedding free in the next seven years. The plan involves an investment of Rs484 billion to improve its network during the same period. The company also aims to reduce transmission and distribution losses…