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…
SECP notifies amendments to Corporate Restructuring Companies Rules, 2019
The Securities and Exchange Commission of Pakistan (SECP), under the auspices of the federal government, has notified amendments to the Corporate Restructuring Companies Rules, 2019. The amendments made in light of promulgation of the Corporate…
CEO PNSC tenure expire
KARACHI – Rear Admiral Jawad Ahmed HI (M) has ceased to hold the position of chief executive office of Pakistan National Shipping Corporation and has consequently been relieved of his duties. According to Pakistan Stock Exchange, Ministry of…
PIA segregation
ISLAMABAD – Federal Cabinet in its meeting held on August 8, 2023 had approved listing of Pakistan International Airlines Corporation Limited (PIACL) in the active Privatization Program. Subsequently, in line with the federal cabinet’s approval dated…
OGDCL’s board meeting Feb 27.
ISLAMABAD – Oil and Gas Development Company Limited (OGDCL) has convened its board of directors meeting on February 27, 2024 at 12 hours at Islamabad to consider the half yearly accounts for the period ended December 31, 2023 and for declaration of…
Interim Minister shifting of captive plant based industry to grid
ISLAMABAD: Caretaker Minister for Commerce, Industries, Interior and Overseas Pakistanis, Gohar Ijaz said on Saturday that captive plant based industry must shift to grid but at the same time electricity prices be fixed at Cents 9 / kWh…
Pakistan to facilitate S. Arabia’s investment
ISLAMABAD: The government is likely to draft new policy framework to facilitate investment from Saudi Arabia’s energy giant M/s Aramco, which has now shown interest in establishment of crude to chemical/ plastic complex. The…
Rs 3.01 exchange rate adj on HSD
ISLAMABAD – Pakistan State Oil (PSO) has allowed to pass on an exchange rate adjustment on high speed diesel (HSD) at Rs 3.01 per litre and 10 paisa on petrol to general public for current fortnight (February 1-29). Date available with Business Recorder…
OGRA excludes from revised refinery committee
ISLAMABAD: The Cabinet Committee on Energy (CCoE) has excluded Chairman Oil and Gas Regulatory Authority (OGRA) from the Committee which will address anomalies in implementation of revised Refinery Policy.During discussion in CCoE on “Pakistan oil…
New MD NESPAK gets huge salary
ISLAMABAD : The Board of NESPAK (National Engineering Services Pakistan ) has fixed Rs 1 million salary of newly appointed Managing Director, in addition to six annual bonuses of six million and other perks and privileges. According to information, the…