sector
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Agriculture sector faces funding shortfall in Budget 2024-25 | The Express Tribune
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LAHORE: The saviour of Pakistan’s economy for FY-24, the agriculture sector, only managed to attract Rs5 billion for the next fiscal year from the incumbent government. During his budget speech on Wednesday, Finance Minister Muhammad Aurangzeb stated that agriculture is…
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Oil sector demands repair of infrastructure | The Express Tribune
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KARACHI: The Oil Companies Advisory Council (OCAC) has written a letter to the Karachi Port Trust (KPT), urging the port authority to begin the long-awaited repair and maintenance work on roads and sewerage infrastructure in the Keamari oil installation area…
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Oil, gas sector irregularities unearthed | The Express Tribune
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The Auditor General of Pakistan (AGP) has discovered numerous deviations from rules and policies by the Director General Petroleum Concession (DGPC) in dealings with oil and gas exploration companies, which have resulted in substantial losses to the national exchequer. The…
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Propelling the ICT sector via imports of IT products | The Express Tribune
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KARACHI: The information, communication and technology (ICT) sector is often hailed as the engine of export growth amongst all the services sectors. The ICT sector generated $2 billion worth of exports in the first eight months of FY24, which is…
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Govt mulls restricting use of cash, decides to introduce reforms in real estate sector
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A man counts Pakistani rupee notes at a currency exchange shop in Peshawar, Pakistan September 12, 2023. — Reuters KARACHI: The federal government is considering imposing a restriction on use of cash along with introducing reforms in the real estate…
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PSO proposes swapping debt for stake in public sector companies | The Express Tribune
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KARACHI: Pakistan State Oil (PSO), the country’s largest oil marketer, says it is in talks with the government on a plan to acquire stakes in public sector energy companies and offset mounting debt it is owed by firms such as…
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PSO ‘in talks’ with govt to acquire stakes in public sector energy companies
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A man drinks water from a cooler at a Pakistan State Oil petrol station in Peshawar, on October 2, 2017. —Reuters KARACHI: The Pakistan State Oil (PSO), the country’s largest oil marketer, says it is in talks with the government…
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Power sector needs new roadmaps | The Express Tribune
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ISLAMABAD: The chief executive officer of K-Electric (KE) has stressed that privatisation is the way forward to address the circular debt and formulation of clear long-term roadmaps can expedite the energy sector’s progress. He stated this while speaking at a…
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Power sector faces Rs560b in losses | The Express Tribune
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ISLAMABAD: Federal Minister for Energy Sardar Awais Leghari said on Thursday that the country would face Rs560 billion in losses in the power sector by the end of June this year. He mentioned that Rs200 billion are billed in the…
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PMPKL laments significant decline in volumes within legitimate tobacco sector | The Express Tribune
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ISLAMABAD: Philip Morris Pakistan Limited (PMPKL) underscored the urgency for immediate measures to tackle the escalating presence of low-priced non-tax-paid cigarettes, which has resulted in a loss of a level playing field and a significant decline in volumes within the…
