LAHORE: Descon, a leading engineering and construction company in Pakistan, and the International Finance Corporation (IFC) have signed a memorandum of understanding (MoU) to address the significant postharvest losses of wheat, rice, and maize in the country. The MoU, signed under Descon’s Agri Business Line, aims to reduce the annual postharvest losses of essential grains in Pakistan, which amount to…
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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) granted approval on Friday for the state-run power distribution companies (Discos) to levy an extra Rs 4.567 per unit on the bills of power customers for February 2024. The additional charges were sanctioned by the regulator in light of fuel charges adjustment (FCA) of December 2023. This decision is expected to impose…
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ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) acknowledged that amid the historically highest inflation in the country, the extraordinary increase in the price of electricity has badly disrupted life of an ordinary man. The Power Regulator in its State of Industry (SIR) 2023 report explained the reasons for the power sector’s dismal performance during the year, starting from government’s action…
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Voters age 18-35 make up 45% of total electorate of nearly 130m Streets are festooned with fluttering party flags, posters, banners and life-size portraits of candidates across Karachi in the run-up to the February 8 crucial national vote to elect a new government for a five-year term. Through social media and election rallies, political parties are busy in last-ditch efforts…
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Summary sent to cabinet for formal approval of MD’s appointment ISLAMABAD: Caretaker Prime Minister Anwaarul Haq Kakar has given the green light to appoint Irteza Qureshi as the new regular managing director of Pak Arab Refinery Limited (Parco). He is currently working as the deputy managing director (DMD). According to sources, eight potential candidates had been shortlisted during the first…
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• Releases damning State of Industry Report, asks govt to end cross-subsidy, taxes within tariff• Criticises revenue-based loadshedding ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has asked the government to abolish cross-subsidies and multiple taxes within electricity tariffs. It also urged the government to start breaking up distribution companies and introduce private sector competition down to the feeder level…
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Pakistan Refinery Limited (PRL) has announced its financial results for the half-year ended December 31, 2023, showcasing the highest-ever profit and production milestones in the first half of the fiscal year in the company’s history. During the first half of the financial year 2023, PRL achieved an exceptional profit after tax of Rs. 6.51 billion, a substantial increase from Rs.…
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Karachi, 2 February 2024 – Faysal Bank Limited and Total Parco, signed an agreement for the provision of cashless transactions across Total Parco’s extensive retail network.Through this alliance Faysal Bank’s state-of-the-art point-of-sale card acceptance solution will provide Total Parco’s customers the ability to make payments via cards as well as NFC solutions. Commenting on the partnership, Mr. Yousaf Hussain, President…
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Trina Solar has been recognized for its exceptional performance in promoting sustainable development by gaining a Bloomberg Green ESG-Enterprises award as part of the Bloomberg Green ESG 50 list. This achievement once again underscores Trina Solar’s leadership in the photovoltaic industry. Drawing on data from the Bloomberg ESG Index and the advice of global experts, Bloomberg Green conducted a six-month…
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KARACHI: Mari Petroleum Company Limited (MPCL) has successfully drilled another development well in Mari Deep Goru-B formation in the Mari Development and Production Lease (D&PL), Sindh. “As part of the field development activities in the Mari D&PL area, MPCL has successfully drilled and tested Mari Deep-20 well in the Goru-B formation”, material information sent to Pakistan Stock Exchange on Thursday…
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