Pakistan is aware of the myriad benefits that come from exploring nuclear technology for power generation and has demonstrated a commitment to gradually diversify its energy production from fossil to nuclear sources. Atomic energy is not just about bombs that are dropped over cities and people, but it also has a potential for something positive for the mankind. There is…
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ISLAMABAD: As the government has added to the industrialists’ problems by increasing the power tariff, PM Imran Khan may soon announce a relief in energy prices for the industrial sector. The PM has assured the business community of a “good news” regarding power tariff, said industrialists who met with the prime minister on Wednesday. “High energy prices increase the cost of production…
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Karachi: The Board of Directors of Indus Motor Company (IMC) released its financial results for the first quarter ended September 30, 2020.The Company’s combined sales of Complete Knocked Down (CKD) and Complete Built-up (CBU) units for the quarter increased by 73% to 11,809 units against 6,839 units sold in the same period last year. The market share of IMC in…
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KARACHI: Nestlé Pakistan Limited posted a revenue of PKR 88.7 billion for the nine-months period ended September 2020, an increase of 1.9% compared to the same period last year, despite many difficulties emanating from the COVID-19 crisis. These results were announced following a Board of Directors’ meeting at the Company’s Head Office, says a Press release.Dairy and Nutrition products are…
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Islamabad-The 23rd annual general meeting of Oil and Gas Development Company Limited was held here in Marriott Hotel Islamabad on Wednesday the 28th of October 2020. The members approved financial statements for the fiscal year ended June 30, 2020 together with the Director’s and Auditor’s report. Final cash dividend of 25% of the par value of the shares i.e Rs…
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Getting rid of oil and gas is “far-fetched and unrealistic,” Saudi Energy Minister, Prince Abdulaziz bin Salman, said on Monday, adding that companies and governments should be thinking about how to reduce emissions from fossil fuels instead. “Let’s not focus on the fuel of choice but rather how we can mitigate and adapt to these realities without showing any preferences,”…
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Stocks were in the green on Monday with the benchmark KSE-100 index climbing 585 points, to close at 41,850 – up 1.4 per cent.Pakistan Stock Exchange (PSX) buoyed up by cement stocks and an encouraging Financial Action Task Force (FATF) announcement on Friday. The market optimism was primarily driven by the appreciation of cement and construction-related stocks. Southern cement manufacturers’…
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KARACHI: Investors got on the front foot in the stock market on Monday as uncertainty surrounding the Financial Action Task Force’s decision on Pakistan’s fate faded away. FATF on Friday gave yet another lifeline to Pakistan and decided to keep the country in its grey list for four more months. The stock market followed an upward trajectory from the word…
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As the cold dry winter approaches, citizens must brace themselves for yet another crisis. In a recent interview on BCC Urdu, Special Assistant to the Prime Minister on Petroleum Nadeem Babar asserted that Pakistan has minimal reserves that will only last the next 10 to 14 years. This single statement is greatly concerning, particularly because electricity generation also relies on…
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The Oil and Gas Regulatory Authority (OGRA) has notified revised gas sale price for domestic, commercial and industrial sectors, which would be effective from September 1. According to a notification dated October 23 released to the media on Monday, the authority has determined Rs121 per Million British Thermal Unit (MMBTU) for domestic consumers using up to 0.5hm3 (in cubic hectometers)…
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