KARACHI, December 24 2024:In a significant development for Sui Northern Gas Pipelines Limited (SNGP), the Oil and Gas Regulatory Authority (OGRA) has approved 88% of the requested finance cost for FY23 as pass-through in the company’s motion for review of its Final Revenue Requirement (FRR). This decision comes after SNGP submitted an independent auditor’s certificate,…
KARACHI, December 23, 2024: Meezan Bank, the leading Islamic bank in Pakistan, has teamed up with Arif Habib Limited (AHL), a premier investment banking institution, to launch a cutting-edge Instant Top-up Service for investors. This partnership, formalized through a Memorandum of Understanding (MoU), marks a significant leap towards streamlining financial transactions and improving the overall…
KARACHI, December 13, 2024: InfraZamin Pakistan, in partnership with Saudi Pak Industrial and Agricultural Investment Co Ltd, has signed a significant agreement with Acumen Energy Limited to provide an 11.5-year Distributed Solar Financing Facility worth PKR 1.28 billion. This landmark deal is backed by a credit guarantee of PKR 1.04 billion and marks InfraZamin’s entry…
ISLAMABAD, November 19 2024: The ECC deliberated on a proposal from the Ministry of Energy (Power Division) regarding a winter demand initiative aimed at optimizing system generation capacity while reducing gas demand. This initiative is designed to shift favorable demand towards electricity for industrial, domestic (ToU and non-ToU consumers exceeding 200 units), commercial, and general…
ISLAMABAD, November 09 2024: Pakistan has formally requested China to reschedule an additional $3.4 billion worth of official and guaranteed debt for two years. This debt, which is due for repayment during the International Monetary Fund (IMF) program period, is pivotal to Pakistan’s ongoing financial stabilization efforts. Government sources, speaking to The Express Tribune, emphasized…