Year: 2022

Fauji Fertilizer Company Limited has been awarded as “Largest National Tax Payer” from Manufacturing Sector” for year 2022 in the “Second Taxpayer Recognition Awards 2022” organized by Rawalpindi Chamber of Commerce & Industry. Representatives from the various multinationals and corporate blue chip companies participated in the event. The award was presented by President Arif Alvi at a ceremony arranged at Aiwan-e-Sadar. Company Secretary Brig Asrat Mahmood (retd), FFC received the award. This is second consecutive year where FFC was declared as Largest National Tax Payer in Manufacturing Sector.

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National Electric Power Regulatory Authority (NEPRA) Chairman Tauseef H Farooqi told Senate Sub-committee on Cabinet Secretariat that he has proposed the government to establish an independent Coal Procurement Authority to import and determine tariff for electricity generation from coal power projects. The Senate Sub-committee on Cabinet Secretariat met on Thursday at the Parliament house under the convener ship of Senator Saadia Abbasi to examine in detail the modalities of oil, gas import and electricity pricing by the NEPRA and the OGRA. The chairman NEPRA told the meeting that the government…

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The Governments of Pakistan and Balochistan, Barrick Gold, and Antofagasta PLC signed a final deal in London on Thursday, announcing the reconstitution of Reko Diq project and settlement of $11 billion dispute after a favourable opinion from the Supreme Court and required legislation passed into law. According to a statement issued by the Attorney-General of Pakistan’s office, one of the largest undeveloped copper-gold projects in the world, Reko Diq will be owned: 50% by Barrick Gold 25% by three state-owned enterprises — Oil and Gas Development Company, Pakistan Petroleum Limited…

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The federal government on Thursday announced to fix the new price of petrol at Rs 214.80 per litre with a reduction of Rs10 in the price of petrol. While announcing a significant reduction in the prices of petroleum products in Pakistan Television News, Finance Minister Ishaq Dar said that the new price of high speed diesel is Rs 227.80 with a reduction of Rs 7.50 per liter, and the new price of kerosene oil is Rs171.83 with a reduction of Rs 10 per litre. The Minister said the price of…

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A consortium of Pakistan’s oil exploration companies, including Oil and Gas Development Company Limited (OGDCL), Pakistan Petroleum Limited (PPL) and Government Holdings (Private) Limited (GHPL), together as State-Owned Enterprises (SOEs), have signed definitive agreements for participation in the reconstituted Reko Diq project. OGDCL shared the development in a notice to the Pakistan Stock Exchange (PSX) on Friday. “Pursuant to the definitive agreements, the company, alongside the other SOEs, participated in the project through a special purpose vehicle, jointly and equally owned by the SOEs, namely, Pakistan Minerals (Private) Limited (SOE…

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