German Parliamentary Minister for Economic Affairs Niels Annen on Tuesday announced economic assistance worth 163 million euros for Pakistan.
Read MoreGermany Announces €163m Aid for Pakistan
Month: May 2023
KE’s Mounting Losses Are Merely A Blip
K-Electric Ltd CEO Moonis Alvi said on Tuesday the unusually high loss that the vertically integrated power utility recorded in the first nine months of 2022-23 constitutes no more than a “blip” in the long run.
Read MoreMore Iranian Fuel Being Smuggled to Pakistan, Petroleum Dealers Say
Petroleum dealers have flagged a surge in the smuggling of Iranian fuel to Pakistan, saying that up to 35 percent of diesel sold in the South Asian country has arrived illegally from Iran, the Pakistan Petroleum Dealers Association (PPDA) told Reuters on Tuesday.
Read MoreGovt Seeks Anti Smuggling Report of POL Products
Amidst the unabated smuggling of Iranian diesel, the Ministry of Interior recently sought a month-wise seizure report of smuggled petroleum, oil and lubricants from the Federal Board of Revenue (FBR).
Read MoreGovt to address IMF concerns on petrol subsidies
After months long delay in the revival of International Monetary Fund (IMF) programmed Pakistan now aims to address the concerns raised by the Washington-based lender before implementing the proposed fuel subsidy plan, Bloomberg reported Tuesday.
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