Business News
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Saudi firm acquires majority stake in Shell Pakistan | The Express Tribune
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[ad_1] ISLAMABAD: In a significant move, Royal Dutch oil company Shell has reached an agreement to sell its 77.42% majority stake in Shell Pakistan Limited (SPL) to Saudi firm Wafi Energy LLC. This decision comes as Shell reorganises its global…
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Power tariff hike of 54 paisa per unit sought | The Express Tribune
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[ad_1] ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Wednesday grilled the Central Power Purchasing Agency-Guarantee (CPPA-G) for expensive electricity generation while ignoring cheaper, local coal-based production, which put an additional burden on consumers. At a public hearing, the…
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With larger fall, rupee near 1-month low | The Express Tribune
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[ad_1] KARACHI: Pakistani currency on Wednesday hit nearly one-month low above Rs282.50 against the US dollar in inter-bank market, as it maintained the losing streak for the eighth consecutive day ahead of first IMF review under the $3 billion loan…
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Shell to sell majority stake in Pakistan unit to Saudi oil firm
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[ad_1] A view of a closed petrol pump due to fake news of petrol price hike again in the country. — Online/File Shell Pakistan said its parent company’s unit, Shell Petroleum Company, has signed a deal to sell its 77.42%…
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Caretakers maintian petrol price for next fortnight
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[ad_1] Fuel station worker fills petrol in a motorcycle at a petrol pump in Karachi in this undated image. — Thenews.com.pk ISLAMABAD: The caretaker government maintained the price of petrol in Pakistan at Rs283.38 per litre, giving respite to the…
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‘Pakistan to focus on indigenous, renewable energy sources’ | The Express Tribune
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[ad_1] ISLAMABAD: In a meeting with the Ambassador of China to Pakistan, Jiang Zaidong, Caretaker Federal Minister Muhammad Ali conveyed Pakistan’s commitment to shaping its future energy landscape with a strong emphasis on indigenous and renewable sources. The minister highlighted…
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FBR beats target, collects Rs2.75tr in Jul-Oct | The Express Tribune
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[ad_1] The Federal Board of Revenue (FBR) has beaten the revenue target for the fourth consecutive month with collection of Rs2.75 trillion in July-October and decided to go after one million non-filers of income tax returns after receiving a poor…
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Pakistan hopeful of successful IMF review
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[ad_1] Caretaker Prime Minister Anwaar-ul-Haq Kakar talking to the media in Lahore, on October 31, 2023, in this still taken from a video. — YouTube/PTV The caretaker government is hopeful of successfully concluding the upcoming review of the International Monetary Fund…
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After much ado, increase in gas rates approved | The Express Tribune
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[ad_1] ISLAMABAD: The federal cabinet on Monday approved up to 193% increase in gas prices to recover an additional Rs350 billion from consumers in this fiscal year while making some further adjustments in the recommended rates for industrial and CNG…
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Caretaker govt okays huge gas price hike
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[ad_1] A flame burns on a gas stove. — AFP/File ISLAMABAD: The caretaker government on Monday approved a massive increase in gas prices to add to the woes of inflation-hit masses who have been battling with soaring utility bills. The…
