SAP, a leading German software company, intends to establish a Software Development Center in Pakistan in order to implement international software development. Currently, it provides digital solutions to leading Pakistani companies in the public and private sectors, allowing them to achieve greater business growth. In a conversation with a select group of journalists, SAP’s country…
Islamabad: The KE electricity rates are likely to come down by Rs 4.211 per unit on account of the Fuel Charges Adjustment (FCA) for August. In a petition submitted to NEPRA, K-Electric has requested the regulator to allow the company to reduce the power tariff by tariff by Rs 4.211/unit on account of the monthly…
The Federal IT Minister and Telecom Minister, Syed Amin Ul Haque, has expressed his concern over Nepra’s decision regarding the dismissal of the petition of telecom companies to grant industrial electricity tariffs. He said in a statement, that the telecom sector has been given the status of an industry by the Government of Pakistan, and…
Saudi Arabia has confirmed the rollover of a 3 billion dollar deposit in Pakistan for one year to bail out the cash-starved country. State Bank of Pakistan (SBP) has announced that Saudi Fund for Development (SFD) has confirmed a rollover of 3 billion dollars maturing on December 5, 2022, for one year. The deposit is…
Zeeshan Javaid ISLAMABAD: National Disaster Management Authority (NDMA), a civil administration entity in Pakistan, issued an early flood warning for the rivers of Punjab between September 17 and 18, but thereafter exhibited hesitation to defend the technical specifics as stated in an official bulletin. Following the weekly weather forecast advisory issued by Pakistan Metrological Department…
Ibn-e-Ameer Gas Prices in Pakistan have not been too much high compared to electricity prices. But with the passage of time, they are going up. Along with domestic consumers, gas prices are likely to go up for fertilizer, CNG, and power sectors. Following an increase in prices, urea may become more expensive for the farmers….
Pakistan car sales (including sales of Non-PAMA members) clocked in at 14000 units down 2% MoM primarily due to unavailability of CKD parts which led to non production days by auto manufactures. To highlight, in order to save foreign exchange reserve, automakers were allowed to import only 50% of their average imports over the last…
The Cabinet has approved amendments to the Gas (Theft Control and Recovery) Act-2016, paving the way for setting up gas utility courts to try those involved in gas theft and delay in recovery of gas bills. The amendment in the gas theft act also envisages delegating federal government powers to the Premier to take action…
The government has appointed Imran Abbasy as managing director of Pakistan Petroleum Limited (PPL) for a period of three years. Earlier, the PML-N government had offered him to appoint Managing director OGDCL. However, he had declined due to his personal engagement. Now, the government had appointed him as managing director of PPL. PPL is the…
Refinery margins for local crude in the ongoing month have recovered sharply to US$14 per barrel after plunging to US$3 per barrel in August 2022 (the lowest monthly level of CY22). According to an analyst report, GRMS may remain higher during the remainder of Sep as Middle Eastern Crudes fell sharply in the last few…