K-Electric maintained the profitability of Rs. 8.4 billion in the financial year 2021-22, depicting a nearly 30 percent dip as… Read More
TPL REIT Partners With TASC Towers for Acquiring Telecom Tower Firm
TPL REIT Management Company Limited, a wholly-owned subsidiary of TPL Properties Limited, has entered into a strategic partnership with UAE-based… Read More
ADB Reaffirms Support for Pakistan’s Flood Response, Announces New Relief Package
The Asian Development Bank (ADB) has reaffirmed support for Pakistan’s development efforts and flood response amid troubling times for the… Read More
Pakistan State Oil Plans $500 Million LNG Terminal
Pakistan State Oil (PSO) is planning to construct a $500 million LNG terminal as part of its diversification strategy, reported… Read More
Pakistan Will ‘Absolutely Not’ Default on Debt: Miftah Ismail
Pakistan will not default on its debt despite floods inflicting billions of dollars in damages and drowning almost one-third of… Read More
Pakistan’s LNG Market Growing: 3 Pipeline Firms Apply for OGRA Permit
The number of virtual Liquefied Natural Gas (LNG) pipeline licensees is likely to increase to five as three new applicants… Read More
ADB Disbursed $1.31 Billion to Pakistan in 2021: Report
The Asian Development Bank (ADB) loaned and granted disbursements amounting to $1.31 billion to Pakistan in 2021, consisting of $0.3… Read More
SECP Introduces Initiatives to Fast-Track Public Offering Process
The Securities and Exchange Commission of Pakistan (SECP) has taken several new initiatives to promote capital formation through Initial Public… Read More
Interloop Records Highest Ever Profit of Over Rs. 12 Billion in FY22
Interloop Limited, a textile and garments exporter company, has recorded its highest-ever profit of more than Rs. 12.3 billion in… Read More
Pakistan Likely to Get $1.5 Billion Loan from ADB
The Asian Development Bank (ADB) will likely approve a $1.5 billion Countercyclical Support Facility (CSF) to Pakistan under its Building… Read More
Utility Stores to Buy 50,000 MT Sugar in Wake of Surging Prices
The Utility Stores Corporation (USC) has decided to buy 50,000 metric tons (MT) of sugar to ensure its availability under… Read More
‘Overbudget’ Lowari Tunnel Costs Skyrocket by 471% in 18 Years
The cost of the Lowari Tunnel Project escalated by around 475 percent to Rs. 46 billion during the last 18… Read More
