Month: April 2023

Foreign Oil Gas Firms Leaving Pakistan Selling Their Assets Petroleum Division Secretary

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petrol-oil

Secretary Oil Division has said that main three unfamiliar organizations are presently working in the oil and gas area in the country, as global organizations are leaving Pakistan and selling their resources. While preparation the NA board, Secretary Oil Division Muhammad Mahmood expressed that because of ceaseless exhaustion of gas supplies establishment of new gas associations wouldn’t be imaginable. The Standing Panel on Energy (Oil Division) met under the chairmanship of Aamir Talal Gopang, MNA. Secretary Oil said Pakistan is high gamble country for financial backers, and there is dread…

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FPCCI Predicts a Negative Growth Rate in FY23

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irfan-ali-sheikh

Karachi Irfan Iqbal Sheikh, President FPCCI, has highlighted the glaring anomalies in the fiscal discipline; management of external account and economic growth rate; which are being observed by FPCCI despite the harshest contractionary measures being implemented in Pakistan for the past many months on the dictates of IMF. Irfan Iqbal Sheikh stressed that people dealing with the ground realities of Pakistan’s economy, i.e. the business, industry and trade community of Pakistan, can see that the economic growth rate of the country will turn into negative by the time FY23 concludes.…

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