While the oil showcasing organizations had seen vigorous deals of oil based goods in a large portion of FY22, the petrol deals have been more vulnerable in FY23 such a long ways because of a critical change in the monetary slump, political strife, and blaze floods. In the midst of more vulnerable deals, the oil advertising organizations were additionally expected…
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Dasu will become the project with highest annual energy generation in Pakistan i.e., 21 billion units per annum on average The under-construction Dasu Hydropower Project crossed a major milestone the other day, as the mighty River Indus was successfully diverted following completion of one of the two diversion tunnels. Instead of its natural course, River Indus is now flowing through…
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Coordinator to Federal Tax Ombudsman Meher Kashif Younis Sunday urged the need for exploring the possibilities of importing cheaper oil and gas through pipelines from neighbouring friendly countries for economic growth and development in the country. He said that the Turkiye-Syria earthquake is likely to affect the world economy including Pakistan by causing changes in logistics and transportation, even if…
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Clergyman of State for Petrol Division Dr Musadiq Masood Malik has said under the Pak-Russia arrangement, oil and gas would begin arriving at Pakistan this year, which would assist with giving alleviation to individuals. Government would before long lessen the gas and power duty for the average person and they would be paying decreased gas and power bills when contrasted…
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The Focal Asia-South Asia-1000 (CASA-1000) is supposedly confronting a deferral of two years as the World Bank and USAID have removed their subsidizing after shift in power Afghanistan, very much educated sources in EAD told Business Recorder. Sharing the subtleties, sources said, a gathering, to examine the advancement of CASA-1000 venture, was held under the chairmanship of Secretary, Monetary Undertakings…
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The second day of the 14th Karachi Literature Festival (KLF), hosted by the Oxford University Press (OUP) Pakistan from February 17 to February 19 at the Beach Luxury Hotel, was once again marked by an array of stimulating discussions and lively performances.
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Federal Board of Revenue (FBR) Chairman Asim Ahmad Thursday said the government will review the taxation measures of Rs170 billion taken through the Finance (Supplementary) Bill, 2023 in the current budget and the FBR’s annual target has been increased from Rs7,470 billion to Rs7,640 billion for 2022-23. At the conclusion of the Senate Standing Committee on Finance meeting held at…
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Sindh Energy Minister Imtiaz Sheikh on Thursday said that 0.2 million solar power systems will be provided at subsidised rates for the promotion of low-cost renewable energy across the province. It was decided in a meeting with the World Bank delegation led by Country Director for Pakistan Najy Benhassine, said a statement issued here. The minister informed that households residing…
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Pakistan’s premier conglomerate, the Engro Corporation Limited, has announced its financial results for the year ended December 31, 2022. Overview of financial performance during 2022: the Engro Corporation’s standalone revenue increased from Rs 21 billion in 2021 to Rs 24 billion in 2022, exhibiting healthy growth of 14 percent. Higher revenue was primarily due to higher dividends received from Engro…
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State Minister for Energy (Petroleum Division) Musadik Malik has opposed the supply of subsidised gas to fertiliser manufacturers and power producers, as poor people are paying a high price for the “elite capture”. Speaking at the concluding session of the sixth edition of The Future Summit, organised by the Nutshell Group, Malik underlined that the government was supplying gas at…
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