Month: June 2022

Chief Secretary Sindh, Dr. Muhammad Sohail Rajput, has assured the industrialists of SITE area to look into the matter of gas being produced from Ghotki gas filed, and provided to SNGPL whereas Sindh has the first right of use on the gas produced in the province as per constitution. He has also assured to strive to enhance the development budget of SITE Limited (the administrative body of SITE area Karachi) in the forthcoming budget. He was addressing members of SITE Association of Industry on the occasion of his visit. He…

Read More

The anxiety in the currency market is growing again. PKR/USD after peaking at 202 in the last week, started coming back down, trailing below 200 mark after the government swallowed the bitter pill and increased petroleum prices. But once again this week, the currency started depreciating and touched a new low of Rs203 to a dollar yesterday. This is despite the government inching towards the IMF review completion and $2.3 billion from China Development Bank is expected to arrive ‘very soon’. The issue is that the government and within it,…

Read More

Chief Secretary Sindh, Dr. Muhammad Sohail Rajput, has assured the industrialists of SITE area to look into the matter of gas being produced from Ghotki gas filed, and provided to SNGPL whereas Sindh has the first right of use on the gas produced in the province as per constitution. He has also assured to strive to enhance the development budget of SITE Limited (the administrative body of SITE area Karachi) in the forthcoming budget. He was addressing members of SITE Association of Industry on the occasion of his visit. He…

Read More

Mr. Irfan Iqbal Sheikh, President FPCCI, has demanded immediate restoration of full supplies of Regassified Liquified Natutal Gas (RLNG) to power plants to avert any crisis in export-oriented industries. He added that Pakistan is already struggling with an enormous trade deficit; which stands at of $43.3 billion in 11 months of 2021 – 22 and state-owned foreign exchange reserves (FER) have fallen to merely $9.72 billion; which are not even sufficient to cover two months of exports as Pakistan’s imports have surpassed $6 billion / month. FPCCI Chief emphasized that…

Read More