sector
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PSO proposes swapping debt for stake in public sector companies | The Express Tribune
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[ad_1] 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 Pakistan International Airline (PIA). Stopping the pile-up of unresolved debt across Pakistan’s power sector,…
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PSO ‘in talks’ with govt to acquire stakes in public sector energy companies
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[ad_1] 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 on a plan to acquire stakes in public sector energy companies and offset mounting…
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Power sector needs new roadmaps | The Express Tribune
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[ad_1] 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 panel discussion on the way forward for Pakistan’s power sector at the 7th Leaders…
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Power sector faces Rs560b in losses | The Express Tribune
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[ad_1] 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 power sector but remain unrecovered from consumers, while another Rs300 billion are lost due…
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PMPKL laments significant decline in volumes within legitimate tobacco sector | The Express Tribune
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[ad_1] 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 legitimate tobacco sector. In a media briefing to address the profound challenges gripping the…
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Cement sector sends PSX to record | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX) on Wednesday soared to a new record high as it crossed the 67,700-point barrier with a surge of more than 850 points on the back of investor enthusiasm about the potential policy rate cut and strong cement sales. The stock market followed an upward trajectory right after the commencement…
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PSX soars to new high of 67,756 points fuelled by cyclic sector
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[ad_1] A broker looks at an index board showing the latest share prices at the Pakistan Stock Exchange in Karachi. — AFP/File Pakistan’s stock market scaled a new peak on Wednesday as majority of investors cheered the government’s privatisation push amid hopes of a rate cut especially after signs that inflation was finally cooling down,…
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Gas crisis looms as $1bn diverted to domestic sector | The Express Tribune
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[ad_1] ISLAMABAD: The gas sector braces for another blow as approximately $1 billion is earmarked for diverting expensive RLNG to the domestic sector in a bid to alleviate the gas crisis anticipated in the fiscal year 2024-25. State-owned oil and gas entities are already staggering under the weight of a circular debt amounting to Rs710…
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Moody’s upgrades Pakistan’s banking sector outlook to ‘stable’ | The Express Tribune
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[ad_1] Moody’s Investors Service has upgraded the outlook of Pakistan’s banking sector from ‘negative’ to ‘stable’, citing easing macro challenges and fiscal pressures. In its report, the agency highlighted the solid profitability and stable funding of banks, which provided a buffer against the country’s macroeconomic challenges and political uncertainties. The report forecasts a modest growth…
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Transmission sector reforms and load-shedding | The Express Tribune
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[ad_1] LAHORE: Electricity load-shedding is back in the last couple of weeks. Urban areas are observing around four to five hours of load-shedding, while the situation is worse in rural areas. The demand for electricity is around 14,500 megawatts while the system is generating around 10,000MW of electricity. The huge shortfall in generation is witnessed…
