ISLAMABAD: The Advisor to Prime Minister on Finance Abdul Hafeez Shaikh has approved plan for golden handshake to the employees of the state-owned Pakistan Steel Mills (PSM), citing sources, ARY News reported on Wednesday. The plan was approved by PM’s aide on finance Abdul Hafeez Shaikh while chairing the meeting of Economic Coordination Committee (ECC) to discuss a six-point agenda today. The…
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The former chief executive officer of K-Electric Tabish Gauhar has been appointed as the Special Assistant to Prime Minister (SAPM) Imran Khan on Power. According to a notification issued today by the Cabinet Division, said that the PM has been pleased to appoint Tabish Gauhar as Special Assistant to the Prime Minister on Power with immediate effect. The notification added…
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ISLAMABAD: The Federal Board of Revenue (FBR) has signed a memorandum of understanding (MoU) with Pakistan Sugar Mills Association (PSMA) to operationalize Video Analytics Rules, 2020, for the sugar sector. FBR Member (IR-Operations) Dr Muhammad Ashfaq Ahmed and PSMA Central President Iskandar Khan signed the MoU on behalf of their respective organizations during a ceremony held at the FBR headquarters in…
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ISLAMABAD: The government has granted zero-rated export-oriented industries special concessions in power and gas tariffs with an aim to spur exports that are stuck in a downward spiral for long, an notification said on Wednesday. Ministry of Energy (Power Division) in its notification said, for this purpose, an amount of Rs10 billion, available to petroleum division for RLNG, had been…
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KARACHI: The government needs to pause any further licencing to power projects as the country sits on surplus generation capacity due to excessive incentives announced for the independent power producers (IPPs), expert said on Wednesday. The speakers told a webinar that electricity should be dealt as a commodity, as this would transfer the risks to investors from the government. Ahsan…
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ISLAMABAD, (APP – UrduPoint / Pakistan Point News – 29th Sep, 2020 ) :The Oil and Gas Development Company Limited (OGDCL) has injected 14 new wells, producing 251,642 Barrels crude oil and 6,709 Million Cubic Feet (MMCF) gas, in its production gathering system during the last fiscal year, ending on June 30, 2020. “The coronavirus pandemic and natural decline in…
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ISLAMABAD: Special Assistant to the Prime Minister (SAPM) on Petroleum Nadeem Babar on Tuesday said the petroleum sector had the potential to increase the country’s gross domestic product (GDP) growth rate by 2-3 per cent. During the last year, the country’s total tax collection stood at around Rs4,000 billion, out of which Rs1,000bn was contributed by the petroleum sector in…
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Karachi, September 17, 2020: Pakistan Petroleum Limited (PPL), a frontline Exploration and Production (E&P) company for seven decades, has played a key role in providing energy for the country with a current contribution of more than 20 percent to national gas supplies. “The company’s over a 100-year rich history is linked with its predecessor and major stakeholder, Burmah Oil Company,…
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Karachi, September 30, 2020: Karachi: First Women Bank Limited (FWBL) signed an MOU with Sehat Kahani-one of the fastest growing health tech companies in Pakistan, to Launch an E- Health Financing Loan to female health workers to allow them to set up their clinics, where patients can get connected to a doctor through the Sehat Kahani application. The MoU was…
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Karachi, October 1, 2020: The Government of Pakistan has notified the achievement of Financial Closing by ThalNova Power Thar Private Limited (TNPTL), an associated company of Pakistan’s largest Independent Power Producer, The Hub Power Company Limited (Hubco) at a ceremony chaired by Mr. Shah Jahan Mirza, Managing Director Private Power & Infrastructure Board (PPIB) in Islamabad. TNPTL has been incorporated to set up…
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