Category: Recent Post

Lahore Chamber of Commerce and Industry (LCCI) president Mian Tariq Misbah has welcomed the execution of renewable energy projects under the China-Pakistan Economic Corridor (CPEC) and said that the hydel power projects were necessary to cope with the future energy and water challenges. “The CPEC has brought renewable energy projects and improvement of the transmission system. These are good for fulfilling energy needs of the country, but we should go for [the] construction of more dams for water storage for irrigation and generation of cheaper electricity,” he said. The high…

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In contrast to government hopes for a strong start to the new fiscal year, the large-scale manufacturing (LSM) sector contracted 4.9% in July 2021 over the preceding month. Three reporting sources – the Oil Companies Advisory Committee (OCAC), the federal Ministry of Industries and the Provincial Bureaus of Statistics – reported an overall negative growth in the production by industries that they monitored in July over June this year, according to a report published by the Pakistan Bureau of Statistics (PBS) on Wednesday. The OCAC reported a contraction of 0.3%,…

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The export-oriented industries of Karachi have expressed annoyance due to sheer discrimination and dubious conduct on the part of the. The ministry disregarded the summary approved by the Economic Coordination Committee (ECC) of the Cabinet, which has uniformly approved regasified liquefied natural gas (RLNG) tariff at $6.5/MMBTU all inclusive to the export-oriented sectors during the financial year 2021/22 to apply across Pakistan, Muhammad Jawed Bilwani, chairman of the Pakistan Apparel Forum, said in a statement. The Ministry of Energy (Petroleum Division), in complete contravention to the government’s export-friendly policy and…

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K-Electric’s recent submission of its financial results to the PSX reported a profit of PKR 11.9 billion, a significant improvement from the loss of PKR 2.9 billion reported in the previous fiscal year. In itself, the number will have us believe that the company’s financial position is remarkable, but a comparison with other private sector entities shows that this is a misleading conclusion. KE reported Return on Equity (RoE) of -1.4 percent and five percent for FY 20 and FY 21 (based on nine months) respectively, which are significantly lower…

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The rising prices of the Liquefied Petroleum Gas (LPG) has added to woes for the people who have urged the authorities concerned to take effective measures for bringing down the commodity at an affordable level. “The prices of edibles are already high and the unbridled rising trend in LPG prices has aggravated the problems further for people especially living in remote areas where inhabitants are compelled to use firewood or LPG for cooking purposes,” Nasir Khan said. He was of the view that currently LPG was used with immense inconvenience…

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