Year: 2021

The Federal Cabinet has directed Petroleum Division to prepare short, medium and long-term plans to face the looming challenge of depleting gas reserves and re-check to ascertain gas reserves depletion rate so as to determine how much of it was due to theft, collusion and distribution losses, well informed sources told Business Recorder. These directions were issued at a meeting of the Federal Cabinet on November 30, 2021 when the decisions of Cabinet Committee on Energy (CCoE) taken on November 18, 2021 were presented for ratification. During discussion, the Minister for…

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The Sindh government and the International Finance Corporation (IFC), a member of the World Bank Group, signed a landmark agreement on Tuesday at the CM House to help the provincial government to structure a public-private partnership project that would provide clean drinking water to nearly one million people of Karachi. The signing ceremony was held here under the chairmanship of Chief Minister Syed Murad Ali Shah. The ceremony was attended by Senior Vice President Operations IFC Stephanie von Friedeburg, Regional VP Hela Cheikhrouhou, Country head Nadeem A. Siddiqui, Regional Head.…

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The Aptma chairman also urged upon the provincial government to take up the matter with the federal government, enabling the export-oriented industry located in Punjab to compete with the similar units elsewhere in the country, as well as export originating from other regional competitors. The Aptma delegation apprised the minister about the problems being faced by the exporters due to the closure of private offices from Saturday to Monday in terms of the Punjab government order dated November 22, 2021 issued for smog control measures. Mian Iqbal assured Aptma of…

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Aggressive buying at available attractive low levels in all sectors Tuesday supported the Pakistan Stock Exchange to close on strong positive note with healthy gains. The benchmark KSE-100 Index surged by 572.72 points or 1.32 percent to close at 43,853.49 points. Trading activity also improved as daily volumes on the ready counter increased to 229.378 million shares as compared to 176.913 million shares traded Monday. BRIndex100 increased by 89.8 points or 2.05 percent to close at 4,480.97 points with a turnover of 198.878 million shares. BRIndex30 gained 675.57 points or…

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