Karachi, June 15, 2020: Ismail Suttar, President of the Apex Body of Manufacturers, The Employers Federation of Pakistan (EFP), has said that the federal budget 2020-21 lacks out-of-the-box solutions to jumpstart economy, cut down costs of manufacturers, create jobs and incentivize exporters amid reduction in business orders. In a Statement, he said that broader policies…
Karachi, November 11, 2019: The construction of K-Electric’s $650 million 900MW RLNG-based Bin Qasim Power Station (BQPS)-III will commence in December. The project has received all required approvals and is part of KE’s planned initiatives resulting in investments of around US$3 billion across the power value chain over the next few years. The project was…
Islamabad, October 03, 2019: Pakistan International Airlines(PIA) has decided to resume Islamabad- Kuala Lumpur flights operation after Federal Ombudsman’s intervention into the matter. According to a spokesperson of the Federal Ombudsman, a large number of complaints were filed to the Ombudsperson’s office by overseas Pakistanis seeking the restoration of the PIA flights, Radio Pakistan reported….
Islamabad, September 16, 2019: Pakistan, Turkey, and Malaysia on Wednesday decided to jointly start an English language channel dedicated to confronting the challenges posed by Islamophobia and setting the record straight on the religion Islam. Prime Minister Imran Khan, in a twitter message, said Turkish President Recep Tayyip Erdogan, Malaysian Prime Minister Mahathir Mohammed and…
Karachi, September 16, 2019: KSE100 index leaped +345 points at the start, which was mainly contributed by E&P stocks. Over the weekend, the attack on Saudi Oil facility caused international crude oil prices to surge by 10 percent. E&P stocks reacted to this change and after an initial spike, OGDC, PPL traded near Upper circuits…