Top 10 profit making Institutions:


Oil and Gas Development Company Rs100.8 billion Pakistan Petroleum Company Limited Rs49.4 billions National Bank or Pakistan Rs30.6 billion Government Holding Private Limited Rs29.8 billion National Power Parks Management Rs28 billion Port Qasim Authority Rs15.4 billion National Transmission and Dispatch Company Rs9.3 billion Pak Kuwait Investment Company Private Limited Rs6.3 billion Faisalabad Electric Supply Company Rs6.08 billion Pakistan Agricultural Storage…

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Energy world to come together at ADIPEC in Abu Dhabi to showcase the cutting-edge innovations and bold partnerships accelerating the energy transition


Abu Dhabi, 1 October 2023 – ADIPEC 2023 will open its doors on Monday, 2 October, gathering the global energy industry to advance decarbonising today’s energy system and to collaborate on the energy system of tomorrow. Featuring a rich exhibition programme that covers energy-related technology, innovation, collaboration, and digitalisation, ADIPEC 2023 is expected to attract more than 160,000+ attendees from…

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PD proposes gas prices for Mari-based fertiliser plants


ISLAMABAD: Petroleum Division has proposed gas sale prices for Mari-based fertiliser plants at Rs.580/ mmbtu for feed stock and Rs.1,580/ mmbtu for fuel-stock from October 1, 2023, sources close to Petroleum Minister told Business Recorder. Petroleum Minister Muhammad Ali has tailored a plan to unify feed gas prices of fertiliser industry at par with industrial rate of Rs 1,260/ MMBTU instead…

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Cnergyico imports Pakistan’s first private-sector Russian crude cargo


KARACHI: Pakistan refiner Cnergyico has imported the country’s first private-sector shipment of Russian crude oil, it said on Monday, as the cash-strapped nation takes advantage of Moscow’s discounts on its oil exports. The South Asian nation has started snapping up crude oil that Russia has discounted after its exports were banned from European markets over Russia’s invasion of Ukraine. Pakistan’s…

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Power reforms: Broken promises and rising costs


Are unabated market reforms in the power sector delivering? LAHORE: Financial globalisation has driven the microeconomic reforms in the power sector in the last 30 years. After the unbundling of the Water and Power Development Authority (WAPDA), electricity generation is being done by WAPDA, Pakistan Atomic Energy Commission and a plethora of Independent Power Producers (IPPs). Transmission function is performed…

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OMC, dealers’ margin increased by up to 88 paisas


Govt is charging Rs50 per litre petroleum levy on diesel, Rs60 on petrol ISLAMABAD: The government has further increased the margin of oil companies and dealers on petrol and diesel, as a result of which complete relief on petroleum products could not reach the people. In the caretaker government’s first step of providing relief to the inflation-hit people, the prices…

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Govt injects more clarity into SIFC initiative


Notification issued by Board of Investment says Special Investment Facilitation Council shall have three tiers ISLAMABAD: The government is to follow Chinese and Indonesian model with respect to utilisation of Armed Forces services in some specific areas. According to the notification issued by Board of Investment (BoI), Special Investment Facilitation Council (SIFC) shall have three tiers with the following composition:…

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