Karachi Mian Nasser Hyatt Maggo, President FPCCI, has proposed to Ministry of Maritime Affairs, Ministry of Commerce and Customs to work together with Pakistan Shippers’ Council (PSC) of FPCCI to help protect the shippers and freight forwarders of the country from historically and unprecedentedly high shipping and freight charges; coupled with unavailability of shipping containers and container ships. He said…
Read MoreP&G Pakistan today announced appointment of Adil Farhat as its new Chief Executive Officer effective October 1. Adil is an experienced business leader who has worked in senior roles across Middle East, Europe, Africa for over two decades with P&G. Most recently, Adil was Managing Director of P&G West Africa, based out of Lagos. Prior to that, he has led…
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A number of private enterprises in collaboration with Capital Development Authority (CDA) have launched a mega project of re-carpeting national roads under the “World Without Plastic” programme. A prominent road in Islamabad, Ataturk Avenue, has been identified for re-carpeting and according to experts, eight tons of used plastic (PET bottles) will be mixed with road constructing material for re-carpeting the…
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For the second straight month, national grid generated highest-ever electricity. August 2020 net generation at 16 billion units is 10 percent clear of August 2020. And there is no low base effect at play, as August 2020 had recorded the highest for any August. The 12-month moving average monthly generation is also up by 8 percent. There are clear signs…
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This translated into an earning per share of Rs0.67 against loss per share Rs0.46. A statement said despite tough business conditions, the company earned revenue and gross profit of Rs142.1 billion and Rs8.1 billion respectively during the twelve months, compared to Rs173.8 and Rs2.9 billion last year. The operational climate for the oil refineries remained challenging during the fiscal year,…
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The government is in the process of privatising National Power Parks Management Company Limited (NPPMCL), which owns Haveli Bahadur Shah Power Plant (1,230 megawatts) in Jhang district and Balloki Power Plant (1,223MW) in Kasur district, said Federal Minister for Privatisation Mohammed Mian Soomro. Chairing a meeting with heads of local commercial banks on Friday, he said that both power plants…
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Pakistan’s industrial, commercial and household customers were set to face partial suspension of gas supplies from Saturday in the wake of emergency shutdown of Pakistan GasPort LNG import terminal for repair and maintenance. “GasPort’s LNG terminal, located at Port Qasim, is scheduled for emergency shutdown to undergo repair and maintenance from 12 noon on Saturday,” Sui Southern Gas Company (SSGC),…
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The National Electric Power Regulatory Authority (Nepra) has provisionally allowed Kot Addu Power Company (Kapco) to keep producing and supplying electricity to the national grid until the regulator arrives at a final decision whether to renew the company’s power generation licence. In a regulatory filing with the national bourse on Friday, Kapco said its licence renewal application is being “duly…
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The National Electric Power Regulatory Authority (Nepra) has approved the first-ever Indicative Generation Capacity Expansion Plan 2021-30 (IGCEP-2021) in terms of relative provisions of grid code of the National Transmission and Despatch Company (NTDC). “IGCEP will be a dynamic document covering a planning horizon of 10 years and it will be revised annually,” stated a statement issued on Friday. “It…
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Sindh government has expressed reservations on approval of “one sided” Indicative Generation Capacity Expansion Plan (IGCEP) by the Council of Common Interests (CCI), maintaining that giving preference to hydel projects over wind and coal projects will increase total basket with stimulated potential impact of billions of dollars over the life cycle of the project. These apprehensions were conveyed by Minister…
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