Author: Admin

Govt Increases Petrol by Rs9.66, Cuts Diesel Price by Rs3.32

Admin
Petrol-price

The federal government of Pakistan has announced a significant increase in petrol prices by Rs9.66 per litre, bringing the new rate to Rs289.41 per litre, effective from April 01, 2024. In contrast, the price of high-speed diesel (HSD) has been reduced by Rs3.32 per litre to Rs282.24. The decision follows earlier speculation reported by Headline PK regarding a potential hike in petroleum product prices. The recent surge in petrol prices is attributed to a rise in the premium, increasing from $12.15 per barrel to $13.507 per barrel, marking a $1.45 per barrel…

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World Future Energy Summit to Spotlight Regional Electronic Vehicle (EV) Target Viability at New eMobility Forum

Admin
World-future

Abu Dhabi, UAE; April 1, 2024: In one of three major expansions of its robust knowledge-sharing programme, the World Future Energy Summit, hosted by Masdar, has announced the launch of a dedicated eMobility Forum to debut at the 2024 event, the 16th in the annual series, which runs at Abu Dhabi National Exhibition Centre (ADNEC) from April 16-18. With the Middle East and North Africa (MENA) EV market predicted to reach a US$4.3 bn valuation by 20281, the first-ever eMobility Forum on April 18 will feature expert local and global…

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Pakistan: Two New World Bank Projects to Support the Digital Economy and Increase Resilience to Floods

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world-bank

WASHINGTON, March 22, 2024—The World Bank’s Board of Executive Directors approved $149.7 million in financing for Pakistan today to support two projects. The Digital Economy Enhancement Project ($78 million)will support the expansion of digitally enabled public services delivery for citizens and firms, while the second Additional Financing for the Sindh Barrages Improvement Project ($71.7 million) will support better resilience to floods and improvements in the reliability, safety, and management of the Sindh barrages*. “The catastrophic floods that hit Pakistan in 2022 were a tragic reminder of the importance to build…

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Sindh CM, fed finance minister discuss at-source deduction, gas price hikes.

Admin
Gas-Prices

KARACHI (March 30): Sindh Chief Minister Syed Murad Ali Shah and Federal Minister for Finance Mohammad Aurangzeb have agreed to collaborate in order to attract foreign investment and boost exports, thereby enhancing the financial stability of the province in general and of the country in particular.This emerged in a meeting between the two here at CM House on Saturday. The meeting was attended by PSCM Agha Wasif, Additional Secretary Ministry of Finance Amjad Mahmood, and Provincial Secretary Finance Fayaz Jatoi.The chief minister said the FBR and other federal entities were…

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SIFC Should Push for Safe Cities for FDI SuccessIntegrated National Command & Control (IC3) NeededNoman Said

Admin
SIFC

Renowned international safe cities consultant, Noman Said, has stressed that now is the time for Pakistan to get the safe cities right at the planning stage; as 18 projects are underway or being planned in Punjab alone; and, Karachi Safe City mega project has also been initiated. Noman Said added that based on his experience, in order to safeguard public funds, safe cities should be planned in a way that they can be integrated to other safe cities at any later stage – be it on a divisional, regional ,…

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