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…
Pakistan Gender Climate Award 2024
Islamabad: To celebrate the International Women’s Day, the Embassy of France and Agence Française de Développement (AFD), the European Union Delegation, the Embassy of the United Arab Emirates, the United Nations Development Programme (UNDP), and the…
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…
SNGPL seeks again PD intervention to settle Rs 160 billion tax.
ISLAMABAD : Sui Northern Gas Pipeline Limited (SNGPL) has against sought Petroleum Division’s support to deal with tax demand of nearly Rs 160 billion by the Federal Board of Revenue (FBR).In continuation of SNGPL’s earlier communications of even…
Aurangzeb poised to become next finance minister
Muhammad Aurangzeb is on track to assume the role of Pakistan’s next finance minister, marking a significant development as Prime Minister Shehbaz Sharif finalizes his federal cabinet appointments. The news comes amid speculation surrounding the…
PSO opposes parking PIA’s liabilities in a Holding Company
ISLAMABAD: Pakistan State Oil (PSO) has rejected government’s plan on parking of its liabilities towards PIA in a Holding Company, suggesting other options for payment of Rs 15.8 billion. Recently, Board of Management (BOM) of PSO was informed that…
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…
Board Meeting Other Than Financial Results Faysal Bank Ltd
KARACHI – A meeting of the Board of Directors of Faysal Bank Limited will be held on March 6, 2024 at 12 pm at Karachi for certain matters of the Bank. The Bank has declared the closed period from February 28, 2024 to March 6, 2024 (both days inclusive)…
Petrol price up to Rs 3.50 per litre @March 1
The caretaker government is likely to increase the prices of petrol by over Rs 3.50 per liter effective from March 1, 2024.However, the government may maintain the prices of high speed diesel due to marginal increase in its price.The increase in the…
