The federal government has appointed Zahid Mir as Managing Director of Oil and Gas Development Company Limited (OGDCL), while Imran… Read More
ECC Approves Rs. 540 Million for Essential Items Supply Through USC in Flood-Affected Areas
The Economic Coordination Committee (ECC) of the cabinet approved Rs. 540 million for Utility Stores Corporation for the provision of… Read More
Recent Floods Causes Over 120 Cuts in Fiber Network Across Pakistan
The optical fiber grid received more than 120 cuts at various locations during the catastrophic floods in the country. According… Read More
OMCs Want All Issues Resolved Before Deregulation of Petroleum Prices
Under the proposed deregulation of oil prices, the Oil Marketing Companies (OMCs) may not be bound to ensure investment from… Read More
Govt to Cut Development Budget by Rs. 100 Billion to Support Flood-Hit Areas
The Federal Government is likely to impose a cut of up to Rs. 100 billion on the Public Sector Development… Read More
Finance Minister to Seek IMF’s Approval for Relief Program for Flood Affectees
The Finance Minister of Pakistan, Miftah Ismail, speaking at a seminar on the country’s economy, revealed that the government will… Read More
Discos Pay Rs. 268 Billion to IPPs in Last Quarter of Previous Fiscal year
The power distribution companies (DISCOS) paid capacity payments of Rs. 268 billion to Independent Power Producers (IPPs) during the last… Read More
ADB Drops $200 Million ICT Development Project for Pakistan
The Asian Development Bank (ADB) has dropped the “Pakistan: Integrated Information and Communications Technology Development Project” worth $200 million. An… Read More
Nepra Considering Disco’s Request of Rs 3.39 Per Unit Increase in Tariff
Nepra is considering to approve the Discos request of an increase of Rs. 3.39 per unit in the average tariff… Read More
Govt Commences Hiring Procedure for CEO PSEB
The Ministry of IT and Telecommunication (MoITT) has started the hiring process for the new CEO Pakistan Software Export Board… Read More
Govt to Impose Rs. 9.90/Unit Fuel Charges Over 7 Months
The government has finalized its plan to charge consumers Rs. 9.90 per unit under the head of fuel adjustment charges… Read More
Economists Raise Questions Over IMF’s Political Statements
Economists have questioned whether the International Monetary Fund (IMF) has the mandate to make a political statement and social unrest… Read More