Case of cheaper LPG for the poor in Pakistan

ISLAMABAD: For a very long time, liquefied petroleum gas (LPG) business has been a symbol of power in this country. There has been stranglehold of the powerful people who earned undeserved income due to constrained supply. LPG quotas have been used frequently to please powerful interests and individuals. The LPG sector has sufficient number of buyers and sellers which are required for a competitive and transparent market. Both sincere and half-hearted attempts have been made in the past to make the LPG supply system competitive and transparent, but no meaningful…

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Engro Corporation and Hilal Foods win SAP Quality Awards

KARACHI: Two of Pakistan’s leading companies, Engro Corporation Limited and Hilal Foods have been recognized by SAP for driving Pakistan’s digital transformation market to USD 2.4 billion in 2020. As Pakistan embraces the Experience Economy, organizations are digitally transforming with real-time platforms to enhance customer and employee experiences. Recognizing the country’s top digital transformation initiatives are the SAP MENA Quality Awards, focusing on realized business benefits in four categories: Business Transformation, Cloud Transformation, Fast, and Innovation. “Pakistan, as a developing country, is continuously occupying a leading place at the forefront…

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Ismail Suttar elected President of Employers’ Federation of Pakistan

KARACHI: Ismail Suttar was unanimously elected as the new President of Employers’ Federation of Pakistan following the resignation of Mr. Majyd Aziz. Meanwhile, Zaki Ahmed Khan, will remain Vice President while Majyd Aziz would continue to be Member of EFP Board of Directors. Ismail Suttar is also the chairman of EFP Economic Council and CEO of Hub Pak Salt Refinery.  He is also serving as president of Lasbela Chambers of Commerce and Industry and has held several important positions including Advisor at Commonwealth Enterprise and Investment Council. Under his leadership, the…

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NEPRA Approves 2 50MW Solar Power plants in KP & Sindh

According to reports, two local businesses have been granted licenses by the government to establish solar power plants of up to 100 megawatts at an estimated investment of $100 million. The National Electric Power Regulatory Authority (NEPRA) approved generation licenses to two solar power plants of 50MW each. They have been given to Artistic Solar Energy (Private) Limited for a plant in Sukkur district worth $45 million and $55 million will be invested by Siddiqsons Kohat Solar Limited for their plant in Kohat district. NEPRA said that these projects will…

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