Two LPG Ships Arrive at Port Qasim with Over 7,600 Tonnes of Imported Gas
Monitoring Report Two vessels carrying more than 7,603 metric tonnes of imported liquefied petroleum gas (LPG) have arrived at Port Qasim for Sui Southern Gas…
Gold Falls Rs1,800 Per Tola in Pakistan as Silver Climbs Rs67
ISLAMABAD: Gold prices declined sharply in Pakistan on Monday, with the price of 24-karat gold falling by Rs1,800 per tola, while silver prices moved higher amid mixed trends in the…
IFC Provides $10 Million Loan to ASA Microfinance Bank Pakistan to Expand Access to Finance for Women
IFC Provides $10 Million Loan to ASA Microfinance Bank Pakistan to Expand Access to Finance for Women. The International Finance Corporation (IFC), a member of the World Bank Group, has…
Telecom Operators Demand End to G2G Contracts, Warn of Private Sector ‘Dismantling’
ISLAMABAD: The Telecom Operators Association has demanded repeal of a provision in the Public Procurement Rules that allows government agencies to directly award contracts to state-owned entities, warning that the…
Oil Prices Jump Over 2% After US Strikes Iranian Island in Strait of Hormuz
Monitoring Desk Oil prices rose more than 2% on Monday after US forces struck Iran’s Larak Island in the Strait of Hormuz, prompting retaliation from Tehran and raising fresh concerns…
Pakistan’s Oil Import Bill Surges to $1.28 Billion in July Amid Global Price Shock
Monitoring Desk ISLAMABAD: Pakistan’s oil import bill surged to $1.28 billion, equivalent to around Rs357.05 billion, in July as higher international oil prices pushed up the country’s import costs. The…
Guddu 747 Rehabilitation Bids Invited to Restore 297MW, Cut Generation Cost by Rs4.19 Per Unit
ISLAMABAD: The Power Division has invited international bids to rehabilitate Guddu 747 Power Plant’s damaged steam turbine, a project expected to restore an additional 297MW of capacity and reduce generation…
Gul Plaza Fire Inquiry Fixes Responsibility on Multiple Institutions for Deadly Tragedy
The judicial commission probing the Gul Plaza fire has fixed responsibility on multiple institutions and stakeholders, finding that the deadly tragedy resulted not from the fire alone but from prolonged…
PM Orders Suspension, Criminal Proceedings Against 8 Officials Over PIMS Nursery Fire
ISLAMABAD: Prime Minister Shehbaz Sharif has ordered the immediate suspension and initiation of criminal proceedings against eight officials held responsible by an inquiry committee for the fire at the neonatal…
Govt Cuts Petrol Price by 58 Paisa, HSD by 17 Paisa Per Litre for Three Days
ISLAMABAD: The government has reduced the price of petrol by Rs0.58 per litre and High Speed Diesel by Rs0.17 per litre, with the revised prices applicable for three days from…
Power Division Apologises as Consumers Face Up to 3 Hours of Nighttime Load Management
ISLAMABAD: The Power Division has apologised to electricity consumers as temporary load management of 1.5 to 3 hours was carried out during nighttime peak hours following RLNG non-availability, delayed LNG…