Karachi Irfan Iqbal Sheikh, President FPCCI, has informed that, in a landmark development, H. E. Mr. Rudiger Lotz, Consul General of Germany in Karachi, has apprised the apex body that German Chamber of Commerce & Industry (DIHK) is expected to establish its office in Pakistan – and, that reflects the importance Germany attaches to the trade, industrial and economic relations…
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ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Tuesday rejected the baseless assertions of being partisan and biased toward emerging oil marketing companies, as made in the letter of the Oil Marketing Association of Pakistan (OMAP). “As the regulator of the oil industry, OGRA is fully aware of its responsibilities and diligently regulates the midstream and downstream petroleum sectors…
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There are vast mining opportunities in our country which will be realised through joint efforts, says Gen Asim ISLAMABAD: Chief of Army Staff (COAS), General Syed Asim Munir on Tuesday said the Pakistan government, along with state institutions, had ensured the establishment of Special Investment Facilitation Council (SIFC), in order to bring all stakeholders to a single platform. Addressing the…
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SINGAPORE: Pakistan LNG Limited (PLL) did not award a tender to commodities trader Trafigura, which had offered bids to deliver two spot cargoes of liquefied natural gas (LNG) to the South Asian nation next year, an industry source said on Tuesday. Trafigura had offered bids of $23.47 per million British thermal units (mmBtu) for an LNG import tender to be…
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ISLAMABAD: Pakistan and Barrick Gold Corporation on Tuesday agreed to pay the share of the government of Pakistan in Rupees for the investment in Reko Diq project, ARY News reported. The agreement came during a meeting between Prime Minister (PM) Shehbaz Sharif and a delegation of Barrick Gold Corporation, which called on him in Islamabad. The Barrick Gold Corporation’s delegation…
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KARACHI: Trade and industry leaders have said that almost Rs20 per litre increase in high-speed diesel (HSD) and petrol prices would put an additional burden on the industries and general public at a time when they are already hard-pressed with up to Rs7.5 per unit power tariff hike amid unprecedented inflation. They said the industrial and general consumers will be feeling the…
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