Aftab Ahmed Islamabad: Ex-Secretary Power, Syed Irfan Ali was made an OSD for defying PM, Imran Khan’s order? This multi-million-dollars question has some grounds and logic as two blue-eyed officers of the power ministry are reported to be the main reason for getting the wrath of PM, Khan for ousting secretary power from the post….
Aftab Ahmed Islamabad: Chief Minister Punjab Usman Buzdar is seeking one more licence of prohibited weapons for self protection. Buzdar has already one license of prohibited weapon. Sources told Newztodays.com that Interior Ministry has finalised a list of 31 individuals who include gerals and judges seeing licenses for prohibited weapons. Among these individuals, Chief Minister…
Aftab Ahmed Islamabad: The Aviation Division is pushing the government for early disposal of the New York Roosevelt Hotel owned by Pakistan International Airlines-Investment Limited (PIA-IL) and a special meeting of the cabinet committee on Privatisation has been called on Wednesday to finalize a plan. Sources told Newztodays.com that Aviation Division had raised the issue…
Aftab Ahmed Islamabad: The Economic Coordination Committee (ECC) is likely to approve the supply of RLNG at discounted rates to Agritech and Fatima fertilizer plants to resume operations to produce urea in a bid to meet the shortfall. The ECC will take a decision in its meeting scheduled on Wednesday. Gas rate of PKR 756/MMBTU…
Aftab Ahmed The state-run oil marketing company Pakistan State Oil (PSO) stands at the top among other oil marketing companies (OMCs) with the highest inventory of petrol and high-speed diesel (HSD) to make gains in July following a hefty hike in prices of petroleum products. The PSO was holding an oil stock of 42097 metric…
Aftab Ahmed Islamabad: Fear of National Accountability Bureau (NAB) appears to pushing Sui Southern Gas Company (SSGC) to discontinue LPG extraction agreement with Jamshoro Joint Venture Limited (JJVL) that is going to lead to looming crisis of Liquefied Petroleum Gas (LPG). In a note submitted before board of directors of SSGC, the management said that…
Aftab Ahmed Islamabad: The Elengy Terminal Pakistan Limited (ETPL), a joint venture between, Vopak LNG Holding B.V. and Engro Corporation (“Shareholders”) intends to design, build, own and operate a multi-functional onshore Liquefied Natural Gas (LNG) storage and regasification terminal at Port Qasim, Karachi, Pakistan, Pakistan Onshore LNG (“Project”). In this regard, the Project has invited…
News Desk The biggest Mutual Fund of Pakistan, ‘NBP-Funds’, which is one of subsidiary of the National Bank of Pakistan (NBP) in Mutual Fund Industry, is using Logo of NBP without registering from the Intellectual Property Organization – Pakistan (IPO-Pakistan) nor it’s using an approved name. The name of NBP-Fund has not been approved and…
Aftab Ahmed Islamabad: The Oil and Gas Regulatory Authority (OGRA) on Thursday imposed a Rs 40 million fine on leading oil marketing companies including foreign firm Shell for hoarding petroleum products that led to the petrol crisis across the country. In addition to fines, a case has been registered against three Oil Marketing Companies including…
Muhammad Afzaal Islamabad: Pakistan’s total public debt has swelled by Rs 2.4 trillion during the first nine months of the ongoing financial year 2019-20. According to Pakistan Economic Survey 2019-20, Pakistan’s total public debt jumped up to Rs 35,207 billion at the end-March 2020 against Rs 32,708 billion at the end of June 2019, registering…