Author: Admin

First Time in History Pakistan Earns $4 Billion in Rice Exports in 2024

Admin
rice export

For the first time ever, Pakistan has set a new record by exporting $4 billion worth of rice in the current fiscal year. This remarkable achievement is largely due to the efforts of the Special Investment Facilitation Council (SIFC), which has played a crucial role in boosting the country’s agricultural sector. One of the standout products in this success is Pakistan’s famous basmati rice, known worldwide for its excellent quality. Shahjahan Malik, the former Chairman of the Rice Exporters Association of Pakistan, shared his excitement about this milestone. He is…

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PPL awarded best Petroleum Company by FPCCI

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PPL

Karachi, October 12, 2024: Pakistan Petroleum Limited (PPL) has been conferred the Federation of Pakistan Chambers of Commerce and Industry’s (FPCCI) Best Performance Excellence Award on its outstanding performance in the Petroleum Sector. The Honourable President of Pakistan Mr. Asif Ali Zardari presented the award to Syed Mahmood ul Hassan General Manager Shared Services, PPL at FPCCI’s 12th Achievement Awards Ceremony held on October 8 at Aiwan-e-Sadr, Islamabad. The ceremony was graced by high profile dignitaries, including leading exporters, businessmen, parliamentarians and bureaucrats. FPCCI’s annual achievement awards recognizes excellence in…

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Signing of a Memorandum of Understanding Between AlBaik Food Systems and Gas & Oil Pakistan Ltd (GO) to Explore Opportunities for AlBaik’s Presence in Pakistan

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AlBaik-restaurants

The Saudi Ministry of Investment Supports AlBaik’s Expansion Efforts in the Islamic Republic of Pakistan. In a pioneering step that reflects the Kingdom’s Vision 2030 to enhance national exports and knowledge and open new horizons for Saudi commercial expansion globally, under the patronage of the Saudi Ministry of Investment, a Memorandum of Understanding was signed between the Saudi company AlBaik and the Pakistani company GO. This MoU aims to explore the possibility of establishing a strategic partnership to set up and operate AlBaik restaurants in the Islamic Republic of Pakistan,…

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IPPs Face Share Price Crash as Government Moves to Revoke Power Purchase Agreements

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Power-sector

KARACHI: The share prices of independent power producers (IPPs) in Pakistan have plunged by 13% to 26% over the past three weeks as the government signals plans to prematurely terminate their power purchase agreements (PPAs) to curb rising energy costs. This decision is expected to severely impact the earnings and dividend payouts of these companies. According to Topline Research, concerns over the revision or termination of these agreements have led to significant declines in IPP share prices. The Hub Power Company (HUBC) saw its stock fall by 23% in just…

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