KARACHI: A subsidiary of IT firm Supernet Ltd has acquired majority shares in Hallmark Company Ltd as part of a reverse merger to attain the listing status. The reverse merger allows a private entity — Super Infrastructure Solutions Ltd in this case — to become a publicly traded firm simply by purchasing controlling shares in a listed entity. In other…
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ISLAMABAD: The prices of petrol and diesel hit a record high on Tuesday, as the newly installed caretaker government raised fuel prices by up to Rs20 per litre, another second massive hike in a fortnight that is likely to further stoke inflation, which had cooled over the past two months. The new petrol price will be Rs290.45 per litre from…
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ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar has directed the concerned authorities to work on the ongoing projects on priority and to prepare and present a briefing on the proposed projects. The caretaker premier was given a briefing on the important issues of various ministries. The meeting was informed in detail about the ongoing work on the Panjra Bridge on the…
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ISLAMABAD: The federal government seeks to impose Rs1.52 per unit surcharge on K-Electric (KE) to recover Rs24.5 billion. As soon as the public hearing regarding the motion of the federal government with respect to the recommendation of consumer end tariff for K-Electric started at National Electric Power Regulatory Authority (Nepra), some members expressed reservations about the performance of the Power…
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