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…
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).…
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…