Tech Push: Mari Petroleum allocates Rs10bn for subsidiary By: Agencies on September 25, 2024The Board of Directors of Mari Petroleum Company Limited (MARI), one of Pakistan’s largest E&P companies, has approved an investment of Rs10 billion (approximately $36 million) to establish a wholly-owned subsidiary focused on technology-driven ventures. The E&P shared the development in its notice to the Pakistan Stock Exchange (PSX) on Tuesday. “The Board in its […]
Gold prices up by Rs 1,100 to Rs 273,300 per tola By: APP on September 25, 2024The per tola price of 24 karat gold increased by Rs.1,100 and was sold at Rs.273,000 on Tuesday compared to its sale at Rs.271,900 on last trading day. The price of 10 grams of 24 karat gold also increased by Rs 943 to Rs. 234,053 from Rs.233,110 whereas the price of 10 gram 22 karat […]
Rupee gains 6 paisa against dollar By: APP on September 25, 2024Pakistani rupee on Tuesday appreciated by 6 paisa against the US dollar in the interbank trading and closed at Rs 277.80 against the previous day’s closing of Rs 277.86. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 279 and […]
TOMCL wins $12m China beef deal By: Agencies on September 25, 2024In a major development, The Organic Meat Company Limited (TOMCL) has secured a $12-million contract from China for the supply of frozen cooked beef. The company, engaged in the processing, sale and export of halal meat and allied products, shared the development in its notice to the Pakistan Stock Exchange (PSX) on Tuesday. “The company […]
Amreli Steels halts Karachi operations By: News Desk on September 25, 2024Due to economic hardships, the Board of Directors (BoD) of Amreli Steels Limited (ASTL) has decided to temporarily suspend operations at the SITE Rolling Mill (SRM) in Karachi. The site represents 30% of the company’s production capacity, the listed company stated in its notice to the Pakistan Stock Exchange (PSX) on Tuesday. “In today’s meeting, […]
Kamal seeks Pakistan-Belarus joint ventures By: APP on September 25, 2024Minister for Commerce Jam Kamal Khan on Tuesday reaffirmed Pakistan’s strong commitment to deepening its collaboration with Belarus across all sectors to further promote bilateral trade and economic relations between the two countries. Addressing the 7th Session of the Pakistan-Belarus Joint Ministerial Commission on Trade and Economic Cooperation, Kamal stated that Pakistan and Belarus have […]
Complete sugarcane planting by September, farmers advised By: APP on September 25, 2024Agriculture experts have advised farmers to complete September cultivation of sugarcane immediately by using latest technologies for getting a bumper yield. A spokesman for Agriculture (Extension) Department said here on Tuesday that sugarcane was a major crop which not only caters to domestic requirement but also helps the growers mitigate their financial constraints due to […]
NEV policy nears completion By: APP on September 25, 2024Minister for Industries and Production Rana Tanveer Hussain on Tuesday chaired the maiden meeting of the Steering Committee on Electric Vehicles that decided to finalize the National Electric Vehicle (NEV) within one month. The policy is aimed at promoting local manufacturing and early adoption of EV including New Energy Vehicles (NEVs) to ensure a sustainable […]
Kissan Ittehad demands wheat, sugarcane policy By: APP on September 25, 2024Pakistan Kissan Ittehad (PKI) Chairman Khalid Khokhar urged the government to announce wheat and sugarcane policy at the earliest. Speaking at a press conference here on Tuesday, he said the cost of production increased manifold and farmers were in state of confusion. The government should announce wheat policy to address farmers concerns, he added. Khalid […]
PTA publishes framework for WLAN By: APP on September 25, 2024The Pakistan Telecommunication Authority (PTA) has published the Framework for Wireless Local Area Network (WLAN) 2024. According to a PTA news release, the framework designates specific unlicensed frequency bands, including the 2.4 Gigahertz (GHz), 5 GHz, and 6 GHz bands, for WLAN usage. The framework had been finalized after extensive consultation with the relevant stakeholders. […]