Mari – earnings up again

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The fiscal year FY22 witnessed spiking oil and energy prices, which lifted the revenues and earnings of the E&P sector. Mari Petroleum Company Limited (PSX: MARI) also announced its higher revenues coming from higher oil and gas prices in FY22. In 1QFY23 as well, MARI’s revenues were seen climbing by 53 percent year-on-year on account of higher gas wellhead prices…

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Russia Accuses The British Navy Of Blowing Up Nord Stream Pipelines

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Moscow has pointed the finger at London for the explosions that put the Nord Stream 1 and 2 pipelines out of commission. London has denied any involvement, Reuters reported this weekend. “According to available information, representatives of this unit of the British Navy took part in the planning, provision and implementation of a terrorist attack in the Baltic Sea on…

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SNGPL to provide gas cylinders to commercial consumers in winter season

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MULTAN-Sui Northern Gas Pipelines Limited (SNGPL) General Manager (GM) Shahzad Iqbal said that the gas connections of commercial consumers were being cancelled and cylinders will be provided to them at their doorsteps to ensure gas supply to domestic customers in the winter season. SNGPL GM expressed these views while addressing the executive body of Multan Chamber of Commerce and Industry…

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Pakistan’s economic outlook shows optimistic picture in coming months

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Islamabad-Overall economic outlook shows an optimistic picture of the economic performance in the coming months, while the government expects that CPI inflation will show a declining trend in October and will remain in the range of 21- 22.5 percent as against 23.20 percent during the previous month. The CPI inflation is declining, rupee has gained stability, current account balance is…

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Serious breach of cellphone users’ data

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The personal data of the subscribers of the telecom companies operating in Pakistan has once again been seriously compromised as various mobile applications and web portals are providing access to individual subscribers’ data on the internet. Recently, a video of a mobile application named ‘Asan Bash’ went viral on social media claiming to provide access to the data of users…

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16.7m cell phones manufactured locally in nine months: PTA

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Local manufacturing plants have manufactured/assembled 16.7 million phones handsets during the first nine months – January to September 2022 – compared to 1.24 million commercially imported phones handsets, says Pakistan Telecommunication Authority (PTA). The local manufacturing plants have manufactured/assembled 1.09 million mobile phones handsets in September 2022. The manufactured/assembled mobile phones handsets by local manufacturing plants during the calendar year…

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Saudi Arabia to auction five new mining exploration licences

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Saudi Arabia is planning to auction five new mining exploration licences with copper, zinc, lead and iron deposits for local and international investors in 2023, the mining minister said on Sunday, as it diversifies the economy away from hydrocarbons. The ministry will launch the bidding process later for the licences in Bir Umq, Jabal Idsas, Umm Hadid, Jabal Sahabiyah and…

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