Austrian, Turkish delegates visit NESPAK House, Lahore

A delegation comprising personnel of Austria-based companies led by Mr. Johannies Brunner, Commercial Counsellor of Advantage Austria visited NESPAK House, Lahore and held a meeting with Dr. Tahir Masood, Managing Director and senior NESPAK officials on Friday. Other Austrian delegates included Mag. Dr. Michael Premstaller from Premstaller Geotechnik, Mr. Florian Krail, Key Account Manager for Large Scale Projects of Doka…

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Chevron committed to grow in Pakistan through a trademark licensing agreement with Be Energy

Chevron Brands International LLC (Chevron), a subsidiary of Chevron Corporation, has entered into a long-term trademark licensing agreement with Be Energy Limited (BE), marking a return of the Caltex® brand to fuels retailing in Pakistan. Chevron has appointed BE as Chevron’s licensee of the Caltex brand to sell, market and distribute fuel in Pakistan, with a view to grow the…

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Tap Oil Fields, Not Our Emergency Reserves, To Lower Energy Prices

oil

Our nation’s Strategic Petroleum Reserve (SPR) is running dangerously low. New statistics released indicate our national emergency oil stockpile, which is intended to protect the United States from unexpected and severe supply disruptions, has hit another historic low. It’s a dangerous point for the United States, and even worse, it’s self-inflicted. With these facts in mind, new reports indicate the Biden administration plans…

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No oil import on discounted rates, NA told

The government informed the National Assembly on Thursday that the country was not importing oil at discounted rates from any country, while matters pertaining to the import of oil and gas from Russia were currently under consideration of the petroleum division. During the session, chaired by Speaker Raja Pervaiz Ashraf, the members congratulated the newly-appointed chief of army staff (COAS)…

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Siemens – of higher new and backlogged orders

Siemens Pakistan Engineering Company Limited (PSX: SIEM) announced its financial performance for FY22 ending on September 30, 2022 with a whopping jump in profits. The company’s earnings for the year were up by almost double. It operates in gas & power (G&P), smart infrastructure (SI), and digital industries (DI) divisions. SIEM’s sales revenues increased by 50 percent year-on-year, and the…

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Pakistan ‘treading path’ to launching its own digital currency: SBP

ollowing in the footsteps of other central banks, the State Bank of Pakistan (SBP) is also doing its due diligence on launching its own digital currency, known as the Central Bank Digital Currency (CBDC), and is undertaking the cost and benefit analysis of this venture. SBP Governor Jameel Ahmed shared the development while addressing participants at the ‘1st Pakistan Fintech…

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