Dawood Lawrencepur to sell entire stake in Tenaga Generasi to Artistic Milliners


The Board of Directors (BoD) of Dawood Lawrencepur Limited (DLL) has entered into a Share Purchase Agreement (SPA) with Artistic Milliners (Pvt) Ltd for the sale of its entire shareholding in Tenaga Generasi Limited (TGL). The listed company shared the development in its notice to the Pakistan Stock Exchange (PSX) on Monday. “The BoD of DLL has approved entering into…

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The SIFC has a new plan to tackle circular debt. Will it work? 


The Council is looking to woo the IMF with a unique new solution they are proposing Since its inception, the Special Investment Facilitation Council (SIFC) has looked to expand itself and take over the reins of the economic underpinnings of the country with limited success. The military and bureaucracy based chimera has looked to stimulate the economy while looking to…

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K-Electric and Hub Power Company Sign Agreement to Explore Thar Coal Power Conversion


In a significant move towards sustainable energy solutions, K-Electric (KE) and Hub Power Company Ltd have recently inked a memorandum of understanding (MoU) to delve into the potential for adopting affordable electricity through the conversion of the Hub plant to locally sourced Thar coal. Aligned with KE’s strategic vision to integrate power generation from domestic resources into its energy portfolio,…

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Activists Claim 49,600 Trees Felled for Ballots


In a contentious debate surrounding the environmental impact of recent general elections in Pakistan, activists advocating for environmental preservation have alleged that a staggering 49,600 trees were cut down to produce paper for ballots and related documents. However, experts have rebuffed these claims, citing the country’s reliance on paper imports and recycling practices for electoral materials. Contrary to assertions of…

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Cabinet Committee Seeks Legal Opinion on Transfer of OGDCL Shares Held by Privatisation Commission


The Cabinet Committee on Privatisation (CCoP) has initiated steps to seek legal counsel regarding the proposed transfer of Oil & Gas Development Co. Ltd. (OGDCL) shares currently held by the Privatisation Commission (PC). This move comes as part of a broader strategy to determine the appropriate recipient for these shares, whether the Petroleum Division or the Sovereign Wealth Fund (SWF).…

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US Lawmakers Urge Caution in Recognizing Pakistan Election Results Amid Allegations of Irregularities


In a bipartisan call for vigilance, several United States lawmakers have advised the Biden administration to refrain from recognizing the recent election results in Pakistan until alleged irregularities are thoroughly investigated. This stance, echoed by members from both sides of the aisle, underscores concerns about potential interference and fraud in the electoral process. The US State Department’s spokesperson emphasized the…

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