Business
Clarification in response to media coverage about Inquiry Report over alleged Power Sector losses
Karachi, April 13, 2020: In response to the recent reports appearing in media on the Inquiry Committee’s Report (Report) over alleged losses in the Power Sector, the Independent Power Producers Advisory Council (IPPAC) categorically rejects the allegations being attributed to such Report. The reports appearing in the media makes unsubstantiated allegations against the Independent Power…
Ismail Suttar appreciate CM Balochistan for recovery of various taxes
Karachi, March 13, 2020: While appreciating the decision of Balochistan Cabinet meeting presided over the Chief Minister of Balochistan Mr. Jam Kamal Khan Aliyani to approve the relaxation in various taxes and deferment of increase in fees, royalty and rent on Mines and Minerals including the suspension of the recovery of 1 percent Balochistan Infrastructure…
PSX index closed with an increase of 866pts
Karachi, April 09, 2020: Market saw a jump of 1038 points during the session and closed +866 points that was reflection of a combination of factors including 5 percent increase in the price of WTI, PIB yields trending below 9 percent and expectation of further rate cut by SBP in the coming monetary policy. ECC’s…
PTCL group posts PKR 32bln revenue for Q1 2020
Islamabad, April 09, 2020: Pakistan Telecommunication Company Limited (PTCL), the country’s leading telecom and ICT services provider, has announced its financial results for the quarter ended March 31, 2020 at its Board of Directors’ meeting held in Islamabad on April 9, 2020. COVID-19 pandemic has created global shockwaves and its effects have changed the landscape…
JJVL to increase Production to meet Shortfall of LPG in Pakistan
Karachi, April 09, 2020: Jamshoro Joint Venture Limited (JJVL), following a steep reduction of LPG availability in the country owing to the shutdown of some oil refineries, and also reduced production by OGDCL, is making an all-out effort to increase its production to meet the LPG requirements of over 500,000 homes which are not connected…