BMP for engaging with trade, industry stakeholders to speed up growth on September 23, 2024The Federation of Pakistan Chambers of Commerce & Industry’s Businessmen Panel (BMP) has stressed the the government to engage with the trade and industry stakeholders to formulate successful economic strategies to achieve high economic growth. Addressing a delegation of various trade and industrial associations, FPCCI former president and BMP Chairman Mian Anjum Nisar pointed out […]
Research on new seeds imperative to enhance agriculture productivity By: APP on September 23, 2024In a rapidly changing world and mounting population pressure, countries like Pakistan shall have to embark on strategies aiming at generating new seed varieties for enhanced productivity and compatibility to climate change effects. Although research and development of seeds is a continuous ongoing and tough process, yet it is imperative to enhance agriculture produce to […]
Pakistan earns $286 million from IT services’ export during July 2024 By: APP on September 23, 2024Pakistan earned US $286.395 million by exporting different Information Technology (IT) services in various countries during the first month of the current fiscal year 2024-25. This shows a growth of 33.84 per cent as compared with the US $ 213.980 million earned through the provision of services during the corresponding period of the last fiscal […]
OGDCL, Chinese CCDC sign MoU By: APP on September 23, 2024Oil and Gas Development Company Limited (OGDCL), Pakistan’s leading Exploration & Production company, and CCDC, the major player in Drilling and upstream Oil field Services signed a Memorandum of Understanding (MoU) on Sunday for the development of shale and tight gas potential of Pakistan. Federal Minister for Petroleum, Dr. Musadik Malik, in Xi’an, Shaanxi Province, […]
Govt consents over tariff reduction of state-run IPPs By: inp on September 23, 2024The government has agreed over tariff reduction of the state-run IPPs. Sources said that a major development with regard to talks on tariffs with the Independent Power Producers (IPPs) likely soon. “The Power Sector Task Force has completed its overall review of the tariffs of more than 100 power plants, some IPPs will be shut […]
Low domestic investment sends negative signal to foreign investors By: News Desk on September 23, 2024The Ferozepur Road Industrial Association (FRIA) senior vice chairman Shehbaz Aslam on Sunday said that the domestic investment at the moment is alarmingly low which has sent a negative signal to the potential foreign investors and now is the time that the federal government should give some patient hearing to the private sector calling. Emphasizing […]
Power theft: Pakistan recovers over Rs114b from defaulters By: inp on September 23, 2024T he Power Division has recovered over Rs114 billion during a countrywide power theft crackdown. The crackdown launched by the Pakistan government and military leadership’s measures to restore the country’s economy is now showing positive results. According to the details, over 114 billion rupees have been recovered from individuals involved in power theft while over […]
57 paisa per unit relief likely for August under FCA By: APP on September 23, 2024The consumers of XWAPDA power distribution companies (DISCOs) are likely to get 57 paisa per unit relief in tariff under monthly fuel cost adjustment mechanism for month of August. In a petition to the power regulator National Electric Power Regulatory Authority (NEPRA), the Central Power Purchasing Agency (CPPA-G) on behalf of XWAPDA DISCOs has sought […]
End of Season Sales: CCP issues notices to 20 brands over misleading discounts advertisements By: APP on September 22, 2024The Competition Commission of Pakistan (CCP), while taking action against retailers advertising discounts as “up to a percentage” during the “End of Season Sales” issued notices to 20 brands, seeking clarification on their potentially misleading discount practices. Such unspecified discount offers are akin to ‘Bait and Switch Advertising’ defined as a tactic to mislead buyers, […]
PRAL’s board reconstituted By: APP on September 22, 2024The Cabinet Committee on State-Owned Enterprises (CCoSOEs) on Saturday approved the summary of the Revenue Division regarding the reconstitution of the Board of Directors of Pakistan Revenue Automation private limited (PRAL) as per terms specified under the State Owned Enterprises Act 2023. The meeting was met under the chairmanship of Minister for Finance and Revenue […]