The stakeholders on Consortium Formation for Machike-Thallian-Tarujabba White Oil Pipeline Project (MTT-WOP), on Wednesday, signed a Memorandum of Understanding (MoU) at the Special Investment Facilitation Council (SIFC) Secretariat, PM Office. The signing ceremony was witnessed by the minister for power and petroleum, secretary (Petroleum Division), secretary SIFC, and the heads of consortium
The government has come under fire for seeking permission from the regulator for recovering Rs81.5 billion from honest consumers paying bills regularly on account of capacity charges and losses caused by theft and leakages. Interveners called on the regulator to take strict action to fix the problem. The National Electric Power Regulatory Authority (Nepra) held a public hearing on Wednesday to
Moody’s Investors Service has given a “credit negative” signal to Pakistan in the face of prolonged political ambiguity and social tensions over election results, which will make it tough to approach the IMF for a new programme, weaken external economy and make liquidity management more challenging. In its report titled “Political uncertainty persists in Pakistan following inconclusive election
With over 50% of firms in the textiles and apparel sector at high risk of shutting down over the coming weeks, All Pakistan Textiles Mills Association (APTMA) has called upon the federal government to review the energy rates to make textile exports competitive in the international market. The international competitiveness of Pakistan’s textiles and apparel exports is being continuously eroded b
The Economic Coordination Committee (ECC) of the cabinet on Wednesday approved an increase in gas prices for residential and industrial consumers to recover an additional Rs242 billion but could not finalise rates due to the competing interests of cabinet members. The ECC also approved the imposition of 25% sales tax on all categories of SUVs and CUVs having value of over Rs4 million, excluding