commercial
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Commercial production of gas begins from OGDCL’s Sujawal well-1
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A flame burns on a gas stove. — AFP/File The commercial production of tight gas has been started from the Oil & Gas Development Company Limited’s (OGDCL) Nur West Well-1 located in the Sindh district of Sajawal, the exploration company…
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$600m commercial loan linked to IPP debt | The Express Tribune
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ISLAMABAD: Two Chinese commercial banks have linked their $600 million loans with the prior settlement of the debt that Pakistan owes to the Chinese power plants—a condition that Islamabad has refused to accept because of its implications on the budget…
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SBP-held reserves move upwards on back of commercial loan
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A photo of a person holding US dollar bills. — AFP/File The State Bank of Pakistan (SBP)-held foreign exchange reserves increased after the struggling economy received another loan. “The increase in SBP reserves is mainly due to receipt of $300…
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Dar rubbishes speculations of using commercial banks’ dollars
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Federal Minister for Finance and Revenue Ishaq Dar addressing a news conference alongside Prime Minister Shehbaz Sharif and other federal cabinet members in Islamabad on January 11, 2023. — YouTube Screengrab via PTV News Finance Minister Ishaq Dar Wednesday rubbished speculations…
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Govt won’t confiscate commercial banks’ dollars, assures Dar | The Express Tribune
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ISLAMABAD: Finance Minister Ishaq Dar on Wednesday clarified that the government was not considering any access to foreign exchange reserves held by the commercial banks, which he said were the property of the citizens. “I have already said that Pakistan’s…
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Karot power project starts commercial operation | The Express Tribune
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ISLAMABAD: Karot Hydropower Project, the first hydel investment project under the ChinaPakistan Economic Corridor (CPEC), which has been developed and provided investment by China Three Gorges Corporation (CTG), was put into full commercial operation on June 29, 2022. The Karot…
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CPEC’s Karot Hydropower Plant put into full commercial operation | The Express Tribune
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ISLAMABAD: Karot Hydropower Plant, the first hydropower investment project under the China-Pakistan Economic Corridor (CPEC), was put into full commercial operations on Wednesday. Speaking at a ceremony held at the plant for announcing the commercial operations of the project, Wu…
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Electricity supply from commercial feeders to be cut from 7-10pm across Pakistan: sources
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A representative image ISLAMABAD: In a major move, Power Division has decided to shut down commercial feeders from 7-10pm across the country in order to conserve energy amid soaring oil prices, it emerged Thursday. According to a Geo News report,…
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SBP penalises five commercial banks | The Express Tribune
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KARACHI: Pakistan’s central bank has slapped a penalty of Rs57.8 million on five commercial banks for violating rules and regulations during the quarter ended December 31, 2021. Citing the nature of the offence by the banks, the central bank said…
