Staff Report Belarus — Federal Minister for Commerce of Pakistan, Jam Kamal Khan, highlighted growing bilateral cooperation between Pakistan and Belarus during his address at the Pakistan-Belarus Business Forum held in Belarus. Speaking to a foreign media journalist, the minister shed light on the strengthening relationship and the mutual interest in expanding economic and industrial…
Our Correspondent Islamabad: The national electric power regulatory authority (Nepra) has allowed the federal government to divert Rs 58 billion funds collected from the oil consumers to provide relief Rs 1.71 per unit rate to electricity consumers. The relief will be application on Discos and KE consumers as well.Iesco Recovers Rs6.3B from Electricity Defaulters …
Staff Report National Electric Power Regulatory Authority (Nepra) has recommended the federal government to remove Chief Executive Officer (CEO) of Islamabad Electric Supply Company (IESCO), Naeem Jan immediately over poor performance. The power regulator took serious notice of the poor performance of the Chief Executive Officer (CEO) of Islamabad Electric Supply Company (IESCO), Naeem Jan.Iesco…
Staff Report Islamabad: Kaspersky has uncovered a new, sophisticated version of the Triada Trojan preinstalled on counterfeit Android smartphones allegedly sold through unauthorized retailers. Embedded in the system firmware, the malware operates undetected and grants attackers’ full control over infected devices. More than 2,600 users worldwide have been affected. Unlike typical mobile malware delivered via…
Staff Report Islamabad: Federal Minister for Maritime Affairs, Junaid Anwar Chaudhry has suggested to form a joint task force to explore the feasibility of specific projects aimed at improving Pakistan’s food security logistics. This task force will also work on reviewing current policies, identifying gaps, and drafting proposals for innovative solutions to enhance the interlinking…
Staff Report Islamabad: During the ongoing recovery campaign against electricity defaulters in all operation circles of Islamabad Electric Supply Company IESCO, Recovery Formations have recovered a total of over Rs 6358.4 million from more than 1.2 million running and dead defaulters. Chief Executive IESCO Muhammad Naeem Jan has issued instructions to all field formations to…
Staff Report A high-level delegation from FLSmidth, a global leader in sustainable technology and solutions for the mining and cement industries, called on Petroleum Minister Ali Pervaiz. The delegation is here in Pakistan to attend the Pakistan Minerals Investment Forum. Minister Ali Pervaiz appreciated FLSmidth’s commitment to sustainable development and emphasized the government’s openness to…
Staff Report In accordance with the national Gas Load Management Plan, the designated hours for natural gas supply in Quetta city during the summer season will be as follows; Gas Availability Timing: From 05:00 am in the morning till 10:00 pm in the night. Gas Suspension / Non-Availability Timing: From 10:00 pm night till 05:00 am in…
Staff Report The Pakistan Stock Exchange remained under significant pressure today, as mounting uncertainty over potential U.S. tariff measures reverberated across global financial markets. In line with the negative trend witnessed in international equities, the local bourse experienced heightened volatility throughout the session. The benchmark KSE-100 index experienced significant intraday pressure, plunging as much as…
Staff Report Topline Research has expected the earnings of the Topline Fertilizer universe to decrease by 32% YoY and 55% QoQ in 1Q2025, mainly due to a decline in Urea and DAP offtakes amid weak farm economics and water shortage. Urea offtake is expected to drop by 40% YoY and 45% QoQ to 1.1mn tons…