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Year: 2025

Bazaar Technologies expands into fintech with Wemsol acquisition

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Bazaar-Tech-Logo (1)

CCP approves bazaar’s 100% stake in Wemsol, strengthening Its position in digital payments The Competition Commission of Pakistan (CCP) has granted approval to Bazaar Technologies (Private) Limited for the acquisition of a 100% shareholding in Wemsol (Private) Limited. The move marks Bazaar’s strategic expansion into Pakistan’s fintech ecosystem, diversifying its portfolio beyond e-commerce and wholesale distribution. Bazaar Technologies, founded in…

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Govt planning to borrow Rs1.25trn from banks to clear circular debt, says brokerage house

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Power-sector

In a key development for Pakistan’s power sector, the government was planning to borrow Rs1.25 trillion from the banking sector to retire the circular debt, stated brokerage house Topline Securities in a report on Friday. Pakistan circular debt crisis is a significant challenge for the country’s energy sector and its broader economy. The circular debt refers to the cascading cycle…

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Global LNG: Asian spot LNG price flat amid bearish Europe gas sentiment

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LNG

SINGAPORE: Asian spot liquefied natural gas (LNG) prices were flat this week, holding at a ten-week low amid Europe’s bearish gas price sentiment, though some emerging spot demand has curbed losses. The average LNG price for April delivery into northeast Asia <LNG-AS> was at $13.50 per million British thermal units (mmBtu), industry sources estimated. Asian LNG prices are bearish, driven…

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Sindh CM urges universities, industrialists, investors to engage with Launchpad Pakistan to take advantage of its opportunities

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New-Project

• Murad inaugurates FPCCI Launchpad Pakistan KARACHI (March 6): Sindh Chief Minister Syed Murad Ali Shah inaugurated the FPCCI Launchpad Pakistan, emphasising the essential role of youth entrepreneurship and innovation in shaping the country’s economic future. The event, organised by the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), was attended by Governor Sindh M. Kamran Tissori, President FPCCI…

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Electricity prices slashed across Pakistan under monthly fuel charges adjustment

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New-NEPRA

According to notifications, relief will be reflected in electricity bills for March Power tariffs for KE consumers will see drop of Rs3 per unit. For rest of country electricity prices lowered by Rs2.12 per unit. K-Electric gets cut under Dec FCA, while rest of country for Jan. ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has announced a reduction in…

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SSGC Board  approves JJVL plant resumption on SIFC directed terms

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JJVL-SSGC

ISLAMABAD : The Board of Directors (BoD) of Sui Southern Gas Company Limited (SSGCL) has finally approved the revenue sharing formula between the gas utility company and Jamshoro Joint Venture Limited JJVL as per the directions of Special Investment Facilitation Council, (SIFC) sources told Newzshewz .The eleventh ECM previously directed for resumption of JJVL plant as per revenue sharing formula…

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Present govt slashes average electricity rate by Rs 4.96/kwh in one year: Awais Leghari

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Awais-Leghari

The present Pakistan Muslim League (Nawaz)-led federal government during its first year in power has been able to reduce the average electricity rate for consumers in Pakistan by 4.96 per kwh.The Power Minister, Awais Ahmed Khan Leghari, disclosed this in his presentation before the recently convened special meeting of the federal cabinet to review the one-year performance of the government…

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Meritless appointments threaten future of gas utility

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New-SNGPL

In a recent podcast with famous host Sohail Iqbal Bhatti, senior journalist Syed Khalid Mustafa brought to light critical concerns regarding the appointments made by the government to the Board of Directors of Sui Northern Gas Pipelines Ltd (SNGPL). Mustafa asserts that these appointments lack merit, ultimately hindering SNGPL’s ability to fulfill its fundamental charter and objectives without incurring further…

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Pakistan appoints Bilal bin Saqib as chief crypto advisor

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crypto advisor

As Pakistan moves toward formalizing its stance on cryptocurrency, the government has appointed Bilal bin Saqib as the Chief Advisor to the Finance Minister for the Pakistan Crypto Council. The move comes as Pakistan seeks to reaffirm its commitment to embracing technological advancement while ensuring sound policy measures that support the national economy, digital transformation, and a secure, transparent financial system…

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China to train, take Pakistani astronauts into space

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Pakistani astronauts

• Accord with Suparco aims to take Pakistanis to Beijing’s space station• PM hails ‘merit-based selection’ of new cabinet members ISLAMABAD: Pakistan will soon send its first manned mission to China’s space station, Prime Minister Shehbaz Sharif announced on Thursday. Pakistan’s Space and Upper Atmosphere Research Commission (Suparco) and the China Manned Space Agency (CMSA) have signed a cooperation agreement in this…

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