Zafar Iqbal The United States Agency for International Development (USAID) partners with the Pakistani government at the federal, provincial, and district levels to improve the lives of citizens in Khyber Pakhtunkhwa (KP) province, with a focus on the merged districts, by expanding governance, improving service delivery, and increasing economic opportunities. U.S. assistance Fact Sheet HIGHLIGHT…
Zafar Iqbal Pakistan has been struggling since 2015 to build an LNG pipeline from Karachi to Lahore, a first step to pave way for the import of Russian LNG to Pakistan. Pakistan and Russia had changed the structure of the project almost six times to bypass US sanctions. But it did not yield any results….
Special Report Law Ministry has warned that liability in Rekodiq Case had reached close to $10 billion which continues to go up due to delay in a final settlement deal with Barrick Gold. The government of Pakistan and Barrick Gold had reached a court settlement deal. However, the foreign firm wants immunity from Pakistani law…
The government maintains oil prices for the next two weeks, beginning on October 16, 2022. In a video statement, Finance Minister Ishaq Dar declared that oil prices will not change until October 31, 2022. The oil and gas regulatory authority (Ogra) in Washington had sent him a summary. In a video statement, the Finance Minister…
Mari Petroleum Bannu West Field is likely to start production in 8–10 months with flows of 50 mmcfd of gas and 300 bpd of oil. The well’s estimated reserves stand at 55 MMBOE. Mari Petroleum management informed during the corporate briefing here on Friday. Mari Petroleum Company Limited (MARI) held its corporate briefing on Friday…
Islamabad The country is going to face a historical decline in cotton production by 43.08 percent to 6.3 million bales for 2022-23. Pakistan faces a historical decline in cotton production of 43 percent to 6.3 million bales for the year 2022-23. A High-Powered Federal Committee on Agriculture (FCA) was informed on Thursday that cotton production…
Despite the economic slowdown and flooding situation, Lucky Group earnings are expected to be Rs 89 per share in the financial year (FY23). Earnings from domestic cement operations are likely to arrive at Rs25/share, while those from foreign operations are likely to remain flat at Rs16/share. Profits from the automobile business may contribute Rs10 per…
Profits in Pakistan’s fertilizer sector are likely to decline by 14% year on year (YoY) in 3Q2022, mainly due to a decline in urea and DAP offtakes in 3Q2022 due to floods. However, profits in Pakistan’s fertilizer industry are likely to rise quarter to quarter (QoQ) basis due to lower taxes. Pakistan Fertilizer Outlook Fertilizer…
With 15,351,388 videos removed, Pakistan ranked second in the world for the largest volume of videos taken down for community guidelines violations from 1 April 2022 – 30 June 2022. According to the latest Community Guidelines Enforcement Report; from Pakistan, 97% of videos were removed within 24 hours of being posted for violating Community Guidelines,…
Poland has expressed serious concerns over restrictions imposed by the State Bank of Pakistan and implemented through all commercial banks’ trade sections to control foreign currency reserves. Poland’s Ambassador to Pakistan expressed his concerns towards issues facing some polish companies after a change implemented by the State Bank of Pakistan through all commercial banks’ trade…