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 of petroleum products had been reduced by up to Rs11 per litre, in a first major decline in two months on the back of a strengthened rupee. The new 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: (i) Apex Committee-SIFC ( a) Prime Minister; (b) Federal Ministers (Planning, Development & Special Initiatives (PD&SI), Finance, IT & Telecom, National Food Security & Research (NFS&R), Power, Water Resources, Industries…
Read MoreCEOs of Discos to be appointed from Federal Service
ISLAMABAD: The caretaker government has decided to appoint Chief Executive Officers (CEOs) of power Distribution Companies (Discos) from Federal Service on need basis, and change Boards of all Discos. Well-informed sources told Business Recorder that Power Division is seeking Federal Government’s approval, in principle, for appointment of CEOs of Discos from Federal Service which includes Pakistan Administrative Service (PAS), Income Tax Group, Audit and Accounts and Police Group on deputation basis as quality of some of the CEOs is very poor. For this purpose, Power Division is about to send a summary…
Read MoreServices of PAEC in Pakistan health sector lauded
Services of PAEC in Pakistan health sector lauded February 27, 2025 ISLAMABAD: The role and services of Pakistan Atomic Energy Commission (PAEC) for use of nuclear and other advanced techniques for diagnosis and treatment, have been profusely admired for eradication of cancerous and allied diseases as the views have been expressed at the 67th session of the general conference of the International Atomic Energy Agency (IAEA), where a signing ceremony at the brinks of the prestigious international gathering was held. The commission is actively involved in the national cancer awareness,…
Read MoreOGDCL ANNOUNCES FINANCIAL RESULTS FOR THE YEAR ENDED JUNE 30, 2023
ISLAMABAD, September 28, 2023: The Board of Directors of Oil & Gas Development Company Limited (OGDCL), in its meeting held on September 28, 2023, at Islamabad, announced the financial results for the year ended June 30, 2023, of fiscal year 2022-23. Net sales revenue clocked at Rs. 413.594 billion, translating to profit after tax of Rs. 224.617 billion, showing an increase of 59 percent compared to a profit of Rs. 133.783 billion in the same period of last year and earnings per share of the company clocked at Rs. 52.23…
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