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…
COMMENCEMENT OF TRADING IN THE UNPAID RIGHTS OF GATRON(INDUSTRIES) LIMITED
All market participants are hereby informed that Pakistan Stock Exchange Limited has approved the schedule for the issue of Right Shares of Gatron (Industries) Limited (“Company”) vide our notice no. PSX/N – 128 dated February 09th 2024. In this respect,…
UAE to built Freight Corridor at KPT
ISLAMABAD : The Federal Government has constituted seven member Committee to negotiate the terms and conditions of the commercial agreement with UAE based on the price discovery mechanism for construction of Dedicated Freight Corridor at KPT. According…
OGRA asked govt to again increase average 23 pc raise in gas tariff
Islamabad- Oil and Gas Regulatory Authority (OGRA) has increased the gas prices from January 1, which has been increased by 8.57% for Sui Southern and 35.13% for Sui Northern, through which the deficit of 98 billion Rs will be met.Ogra has allowed gas…
PL collection in first half current FY
ISLAMABAD – The federal government has collected Rs472.77 billion petroleum levy (PL) during the first six months of fiscal year 2023-24, which is 54 per cent of the total budgetary estimates of PL on petroleum products for the current fiscal…
Salt industry ask the government for Refunds
ISLAMABAD: The salt exporters warned the federal board of revenue (FBR) that delay in sales tax refunds would result in total closure of the industry.Salt Manufacturers Association of Pakistan (SMAP) raised serious concerns over the exclusion of the salt…
SNGPL opposes selling 50 percent gas direct to third party
ISLAMABAD: Sui Northern Gas Pipeline Company Limited (SNGPL) has opposed allocation of 50 per cent indigenous gas from new discoveries to third party through amendments in Petroleum( Exploration and Production) Policy 2012. According to SNGPL, it has…
Saudi Arabia shown interest in petrochemical project
ISLAMABAD: ARAMCO and the Saudi Minister is pursuing a petrochemicalproject instead of a refinery due to the change in ARAMCO’s strategy ofpursuing Crude-to-Chemical instead of investing in view refineries, sources said. ARAMCO’s future…
PQEPC warns of Sovereign Guarantee Default
ISLAMABAD: The Port Qasim Electric Power Company (PQEPC) has asked the federal government to clear its dues to avoid constitution of loan agreement default and GoP Sovereign Guarantee Default.In a letter to caretaker Finance Minister, power company’s…
Kashmir Solidarity Day
ISLAMABAD – People across Pakistan are observing Kashmir Solidarity Day on Monday to express their wholehearted support for the struggle of their Kashmiri brothers and sisters for their struggle against human rights violations in Indian Illegally…
