ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) on Thursday sent a summary to the federal government for recommending modification in prices of petroleum products. OGRA recommended to reduce the prices of petrol up 6 paisas and 66 paisas in kerosene oil. The authority suggested rising prices of high-speed diesel up to Rs2.47 and Rs1.10 in...
LAHORE: The Asian Development Bank (ADB) has approved $15 million loan that will help seven cities in Punjab province in Pakistan design comprehensive investment and public service delivery plans in preparation for upcoming urban development projects, said a press release issued by the ADB on Thursday. The loan will fund the preparation of spatial master plans, detailed...
ISLAMABAD: Petroleum Division on Wednesday notified reduction in the price of urea in proportion to reduction in Gas Infrastructure Development Cess (GIDC). The federal cabinet approved reduction in GIDC on gas consumed by fertilizer manufacturers to Rs 5/ mmbtu so that this benefit could be passed on to the farmers, the notification reads. With the...
ISLAMABAD: Pakistan and the International Monetary Fund (IMF) will hold talks starting from Feb. 3 for disbursement of third tranche of about $450 million under the $6 billion Extended Fund Facility (EFF) finalised in May last year. The IMF delegation will perform quarterly review (from October till December) of the economy in the current fiscal...
ISLAMABAD: The Pakistan Economy Watch (PEW) on Monday lauded the stance of the government of Pakistan over China-Pakistan Economic Corridor (CPEC) after the US criticism terming it encouraging and according to the national interests. The US should understand that Pakistan cannot abandon this most important regional project which has potential to turnaround our troubled economy, it said. President PEW Dr. Murtaza Mughal said...
Former car magnate Carlos Ghosn has predicted from his Japanese lawyer Nobuo Gohara that automaker Nissan will go bankrupt in two to three years, the latter said at a press conference on Wednesday. The former Renault-Nissan boss, accused of embezzlement in Japan, did not explain his prediction in detail. Nobuo Gohara met Carlos Ghosn five times...
Improve its water and waste management, reduce single-use cups, and offer more plant-based products: on the back of debates on the climate crisis, the American coffee chain Starbucks set new environmental goals. The company famous for its take-out drinks in plastic or cardboard containers wants to achieve by 2030 to halve the carbon emissions of...
LAHORE: Faisalabad Industrial Estate Development and Management Company (FIEDMC) Chairman Mian Kashif Ashfaq Wednesday said that increasing export of agro-based products is the top priority of government and FIEDMC is taking all necessary steps to uplift the agriculture for prosperity of growers. He expressed these views while talking to Vice Chancellor University of Agriculture Faisalabad...
KARACHI: President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Wednesday said the further contraction in the GDP will increase inflation and unemployment adding to the problems of masses. Mian Zahid Hussain KARACHI: President...
ISLAMABAD: Managing Director of Fauji Fertilizer Company Limited Lt. General Tariq Khan has said that the Economic Coordination Council (ECC) has abolished Gas Infrastructure Development Cess (GIDC) on gas consumed by the fertilizer manufacturers which will benefit farmers and help stabilize the largest job providing sector of agriculture. The move will reduce the fertilizer prices,...