Year: 2021

South Korean technology giant Samsung Electronics has operationalised its first TV line-up plant in collaboration with a local firm in Karachi, Commerce Adviser Razak Dawood announced on Monday. Taking to Twitter, Mr Dawood shared photos of the facility and tweeted: “We congratulate Samsung Electronics on operationalising its first TV Line-up plant in Pakistan at Karachi in collaboration with R&R Industries. Initially, the unit will produce 50,000 TV sets and increase the capacity to 100,000 units within 2 years.” Mr Dawood said the collaboration was in line with Make-in-Pakistan policy of…

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The Oil and Gas Regulatory Authority (Ogra) has directed gas utilities to cut provisional payments to gas producers by 25%, leaving exploration and production (E&P) companies high and dry. In a letter to managing directors of the country’s two gas utilities, Ogra advised them that payments to producers of natural gas should be made strictly on the basis of price notifications. “In case provisional payment is justified, it may be restricted to 75% of the last notified price till such time producers submit the requisite notification for the relevant period…

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We, the Pakistani American community, are extremely saddened by  the barbaric death of Sri Lankan factory manager Priyantha Diyawadana,  at the hands of a violent mob in Sialkot, Pakistan.  This is totally against the teachings of our beloved Prophet, and Islam.  We condemn this heinous act, and hope to get full justice for the victim and his family.  We are now collecting funds for the benefit of Mr. Diyawadana’s widow and family.  Please donate generously.  Fundraising is organized by Rizwan Samad, Dr. Nasrullah Khan, and many others.  Please feel free to call me, if you have any…

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The Petroleum Division is close to appointing heads of key state-owned energy companies in an effort to improve the performance of these units as it has drawn flak for delaying the hiring for several months. The division has thus far failed to appoint managing directors/ chief executive officers of major energy companies, which include Pakistan Petroleum Limited (PPL) and Pakistan LNG Limited (PLL), which deal in projects of millions of dollars. Oil and Gas Development Company Limited (OGDCL) – a large hydrocarbon explorer – is also being run through an…

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By Mansoor AhmadDecember 05, 2021 LAHORE: It is true the entire world is grappling with inflation, the basic difference between inflation in developed economies and Pakistan is the former have fewer poor, while the latter is loaded with poor. Inflation impacts all segments of the society differently. It affects lower income groups disproportionately. It all relates to the consumable surplus that each family is left with at the end of the month. For families still having some surplus it is relatively easy to absorb the price increases. But the low-income families…

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