By: Omed Hajjana Prime Minister Shehbaz Sharif has called Global and National Action for Beating Plastic Pollution on World Environment Day. On the occasion of World Environment Day, the Prime Minister of the Islamic Republic of Pakistan, Mian Muhammad Shehbaz Sharif has taken several steps to take Pakistan on a path to sustainable use of…
By: Omed Hajjana The Mutual Funds Association (MFA) has proposed to the government the introduction of Sharia-Compliant Short Term Sukuk. A joint delegation from the Pakistan Stock Exchange and the Mutual Funds Association met with Finance Minister Muhammad Ishaq Dar at the FBR headquarters in Islamabad. The Pakistan Stock Exchange was represented by its Managing…
The federal government came under fire on Thursday from officials of the National Electric Power Regulatory Authority (Nepra) and consumers over its request to increase the rate of power surcharge from the next financial year to pay off circular debt and power theft by power distribution companies. Nepra has already allowed the government to recover…
The provincial governments have expressed grave concerns over NTDC’s three-year investment plan, which ignores several of their important projects. NTDC pleaded with the electricity regulator to grant Rs. 369.222 billion for the Multi-Year Tariff (MYT). The National Electric Power Regulatory Authority (Nepra) held a public hearing on Monday to discuss the question of whether the…
By Kalbe AliISLAMABAD: Zong 4G, the fourth telecom provider in the nation, debuted its digital payments platform “PayMax” on Friday. It has plans to soon offer nano loans as well as mobile device financing. PayMax has been launched by Electronic Commerce Company Limited (ECCL), a 100 percent owned subsidiary of China Mobile Pakistan (CMPAK) the…
Crown Prince Muhammad Bin Salman of Saudi Arabia gave precious gifts worth $26 million (Rs 5.8 billion) to former Prime Minister Imran Khan. These gifts were given to former Prime Minister Imran Khan during different occasions. Crown Prince Muhammad Bin Salman of KSA gave gifts worth US$5 million (Rs. 1.13 billion) on May 10,…
The National Electric Power Regulatory Authority (Nepra) approved a reduction of the power tariff for KE consumers by Rs 7.43 per unit on account of fuel adjustment for the month of November 2022. In another separate hearing, it also indicated to increase power tariff by Rs 3 per unit for KE consumers on account of…
Amongst major asset classes widely followed by local investors and savers, Gold, 1 year US$ Naya Pakistan Certificate and US Dollar remained best performing asset in Pakistan in 2022. These asset classes provided better returns compared to estimated average CPI inflation of 20% in outgoing calendar year 2022. Gold posted gain of 41% in 2022…
A joint venture of Baska North Block (3169-4) comprising Al-Haj Enterprises (Pvt) Ltd as the operator (10.85%), Al Haj Pakistan Kirthar B.V (85%), and Government Holdings (Private) Ltd (4.15%), has discovered Gas and Condensate from an exploratory well namely 92 Kot Palak-1 which is located in District F.R. Dera Ismail Khan, Khyber Pakhtunkhwa Province. The…
The federal government has given go ahead to Mari Petroleum to acquired 30 percent working interests in Margala Block from MOL Pakistan. Petroleum Division has recently informed the economic coordination committee (ECC) that the Directorate General, Petroleum Concessions had received request for assignment of 30% working interests in Margala Block from M/s MOL Pakistan to…