PIA moves forward with privatization plans
The Board of Directors of Pakistan International Airlines Corporation Limited (PIACL) has taken a significant step towards the privatization of the national carrier by approving a Scheme of Arrangement (SOA) in its 83rd meeting held in Islamabad. This…
OGRA HOLDS PUBLIC HEARING AT LAHORE ON SNGPL ERR FY 24-25
The Oil and Gas Regulatory Authority (OGRA) is conducting a public hearing at Lahore on March 25, 2024 on the petition of Sui Northern Gas Pipelines Limited (SNGPL) for Determination of its Estimated Revenue Requirements / prescribed prices for FY…
SECP’s meeting-cum-webinar on Risk Based Capital Regime for Insurance Sector
ISLAMABAD, March 21: The Securities and Exchange Commission of Pakistan (SECP) held a session for the insurance industry participants to provide an overview of the Risk Based Capital (RBC) Regime and walk-through of the recently disseminated RBC…
Finance Minister applies for resumption of Pakistani citizenship
ISLAMABAD : The Federal Government has resumed Pakistani citizenship of newly appointed Finance Minister Muhammad Aurangzeb who is now poised to elect Senator on technocrat seat from Punjab.On March 11, 2024, the Federal Cabinet was informed that…
OGRA notifies tariff raise for RLNG upto 2.58 per mmbtu
ISLAMABAD – Oil and Gas Regulatory Authority (OGRA) on Wednesday raise the monthly tariff of imported RLNG upto 2.58 per mmbtu for both gas companies- Sui Northern Gas Pipeline Limited (SNGPL) and Sui Southern Gas Company (SSGC) with effect from March 1,…
Board Meeting for Agenda Other than Financial Results
ISLAMABAD – The meeting of the Board of Directors of Habib Bank Limited is scheduled to be held on March 27, 2024 at 12 pm at Karachi via web-link to consider the agenda other than financial results. As required under Clause 5.6.4 of PSX Regulations, the…
Plan to settle PSO payables of PIA
ISLAMABAD: Privatisation Commission is said to have agreed with a plan submitted by Pakistan State Oil (PSO) on settlement of payables of Pakistan International Airlines (PIA). According to the plan, a clean asset transfer, in the form of…
SNGPL\ PSO to recover Rs 193 billion from power sector to avert international default
ISLAMABAD: Directorate General of Gas (Petroleum Division) has sought Power Division’s help for recovery of Rs 193 billion from WAPDA, IPPs and GPPs to avert international default of Pakistan State Oil (PSO) and Sui Northern Gas Pipeline Limited (SNGPL).…
PPIB to develop Framework for Power Purchaser Post LoI Issuance changes
ISLAMABAD: The Private Power Infrastructure Board (PPIB) has decided to formulate a framework for change in power purchaser after issuance of Letter of Intent (LoI).During a recent meeting of PPIB, Board., Managing Director PPIB, Shah Jahan Mirza…
MD &CEO Fauji Fertilizer Co. Ltd stepping down on March 31, 2024
ISLAMABAD – Sarfaraz Ahmed Rehman will be stepping down from the office of Managing Director and Chief Executive Officer of Fauji Fertilizer Company Limited with effect from March 31, 2024. The Board of Directors of FFC has approved the appointment of…