Finance Division has reportedly shown willingness to allocate Rs 450 billion for power sector subsidy in FY 2023-24 as compared to Rs 350 billion for the outgoing fiscal year (2022-23), well informed sources told Business Recorder.
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In an amazing turn of events, Pakistan’s fuel oil trades expanded to a record in April, revealed Bloomberg on Tuesday. According to the report, Pakistan sent out 164,000 tons of fuel oil in April, the biggest volume since no less than 2017, as per Kpler information aggregated by Bloomberg.
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Hub Power Company Limited’s (PSX: HUBC) announced massive increase in consolidated profits for 9MFY23. The growth in earnings came from HUBC’s diversification. The power company does not depend on the base plant at Hub and plant at Narowal; its coal investment, China Power Hub Generation Company
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The suspension of mobile broadband services in Pakistan due to political escalation has caused significant financial losses for digital service providers, the government, and the general population.
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Fauji Oil Terminal and Distribution Company (FOTCO) in collaboration with Port Qasim Authority (PQA) on Wednesday commenced night navigation of oil vessels at the FOTCO terminal, a move that increases the company’s capacity by 30%.
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