Government reduced the price of LNG by Rs129.68 to Rs1530.17 for 11.8/kg cylinder for the month of March a day after slashing the price of oil. For the month of March, the producers’ price of LPG has been determined at Rs71164,84 per MT compared to Rs82,033.29 per MT ton in February. This price included excise […]

Pm Imran khan launched Islamabad’s Blue Area multi-billion rupee commercial project   which will create job opportunities and attract investment from overseas Pakistanis. He also announced, two mega projects, one each in Karachi and Lahore, will be inaugurated soon. “Launching the Islamabad Blue Area multi billion rupees commercial project today. This will not only provide jobs […]

Daraz launches Dtravel – powered by Bookme.pkDaraz, a channel through which the platform’s customers will have convenient and immediate access to bus tickets for intercity travel. This will allow Daraz customers to browse routes, timings and prices from 22 different bus services including Daewoo Express, Bilal Travels, Qconnect, Road Master, ITC Cruzer, Skyways and Niazi Express. […]

  Nestlé Pakistan announced its financial results for the calendar year 2019. The company made a profit of Rs. 7.35 billion, showing a decline of 36.70% compared to Rs. 11.61 billion in 2018. Nestlé Pakistan posted a revenue of Rs. 116 billion for 2019, a 3.9% reduction from 2018. The continuously evolving challenges in the […]

Changan-Master Motors is proud signs  Memorandum of Understanding (MoU) with Bank Alfalah Pakistan . The memorandum marks the start of a partnership to jointly promote Changan-Master vehicles in Pakistan. Mr. Danial Malik – CEO Master Motors Limited, highlighted the unique features of upcoming vehicles, saying, “Changan customers will experience modern, multi-functional vehicles with an accessible […]

In order to slash prices of imported gas by 5% the Petroleum Division has suggested that the government should consolidate all LNG terminal and LNG supply contracts in one state-owned entity in an attempt to eliminate multiple margins and extra port handling charges of state enterprises. At present, different entities are dealing with LNG imports […]

Masoud Khansari president of Tehran Chamber of Commerce and Industry  suggested that business communities will have to sit together and make collective efforts with a view to further promoting trade and investment cooperation between the two neighboring countries. He stressed the need for enhancing interaction between the business communities of Iran and Pakistan in various […]

Pakistan Petroleum Limited announced its financial results for the half-year, ending on December 31st, 2019. The merged  profit after tax of Pakistan Petroleum Limited dropped by 19.25% to Rs. 24.44 billion as compared to Rs. 30.26 billion in the same period last year. The company’s earning per share decreased to Rs. 8.98 in the period […]

As a result of  rising political pressure owing to prevailing price hike, the Prime Minister Office is seeking a drastic cut to revenue requirements of the two gas utilities for current fiscal year to minimise increase in gas rates. The move is likely to shed negatively on the ongoing talks with the International Monetary Fund […]

The World Bank has started appraising the government’s request for a $700 million credit for expansion of electricity supply from Dasu Hydropower Project (DHP). According to project information document released by the World Bank, the loan is expected to be approved by the bank’s executive board next month. The proposed loan from the International Development […]