Day: December 28, 2019

Power Minister, Omar Ayub on Friday said Sindh government is responsible for the ongoing gas crisis in the province over the past several days as they denied giving a route for pipe-laying, adding that center can resolve the gas shortage by laying pipelines. While talking to media in Karachi, the power minister said that the incumbent government is working day and night to resolve the ongoing gas crisis in the country. The government was taking measures to overcome the gas shortage as soon as possible. The low gas pressure has hit several areas of…

Read More

KARACHI: In a move to assuage the frequently stated reservations of businessmen vis-à-vis the National Accountability Bureau (NAB), Prime Minister Imran Khan on Friday said the government has promulgated an ordinance to curtail certain powers of the national graft-buster. The prime minister was speaking at a ceremony organised in Karachi by the Pakistan Stock Exchange (PSX) to recognise Top 25-listed companies. The PSX Top 25 Companies Awards is an annual tradition where “best of the best” companies are selected on the basis of comprehensive criteria that include: a) capital efficiency, b)…

Read More

ISLAMABAD: The government is working on a plan to set up an independent Pakistan Petroleum (Exploration and Production) Regulatory Authority (PPEPRA) on the pattern of National Electric Power Regulatory Authority (Nepra) in a bid to define policy and regulatory functions for the upstream sector as well as attract investment and develop a resource base. Work on establishing the authority got under way after several foreign companies pulled out of Pakistan in the past few years in the wake of bureaucratic hurdles and policy issues. Now, the independent authority, when established, will…

Read More

LAHORE: The year 2019 turned out to be a historic one for the development of water and hydroelectric power resources in Pakistan. A record high hydel electricity was generated and supplied to the national grid during the year, besides start of construction work on Mohmand Dam in May after five decades, said Water and Power Development Authority (Wapda) in a statement on Friday. The hydel power stations owned and operated by Wapda provided 34.678 billion units of electricity – the highest-ever contribution of clean energy – to the system in 2019.…

Read More

Prime Minister Imran Khan presents PSX Top Companies Award to Arif Habib Limited December 27, Karachi: Arif Habib Limited (AHL), one of Pakistan’s leading and largest Brokerage and Investment Banking Firms has been recognised amongst the Top 25 Companies by the Pakistan Stock Exchange (PSX). AHL is one of the six companies that have been recognised as a Top Company for all of the last three years (2016, 2017 & 2018). The PSX Top 25 Companies award is evaluated based on capital efficiency, profitability, free float of shares, transparency, corporate governance…

Read More