Category: Highlights

Energy Prices Must Be Rationalized for Trade & Industry to SurviveSMEs Definition Should Be Enhanced to 800 Million- FPCCI

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fpcci

Karachi: Saquib Fayyaz Magoon, Acting President FPCCI, has echoed the collective concerns of the entire business, industry and trade community of Pakistan that electricity and gas prices must be rationalized with immediate effect in accordance with ground realities in a way that businesses can continue to operate profitably and sustainably. It was pertinent to note that he was delivering his keynote address as chief guest at the historic All Pakistan Chambers Conference (APCC) 2024 at Rahim Yar Khan Chamber of Commerce & Industry (RYK-CCI) – the capstone event of the…

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RISING GAS & ELECTRICITY TARIFFSDay not far when thousands to come out on streets across Pakistan, fears President KCCI

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Gas-Project

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh, while expressing deep concerns over rising cost of doing business due to unbearable hike in energy tariffs, feared that the day was not far when thousands of jobless people would come out on streets to protest against the government’s policy to keep on raising gas and electricity tariffs which have resulted in closure of hundreds of industrial units as well as small & medium enterprises not only in Karachi but all around the country.“Although various stakeholders including KCCI…

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PPP Announces Murad Ali Shah as Candidate for Sindh Chief Minister

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Pakistan People’s Party (PPP) Chairman Bilawal Bhutto Zardari declared Murad Ali Shah as the party’s nominee for the position of Sindh chief minister. Bhutto expressed confidence in the party’s ability to outperform its previous term, stating, “We will surpass our own achievements.” Additionally, Bhutto revealed that PPP has selected Awais Shah as their choice for the Speaker of the Sindh Assembly, with Anthony Naveed nominated for the deputy speaker position. This announcement follows the country’s 12th general elections held on February 8, which were marred by allegations of rigging and…

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CCoE approves work on the 80 km segment of the IP Gas Pipeline inside Pakistan

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A summary of Petroleum Division regarding IP Gas Pipeline was taken up by the Cabinet Committee on Energy (CCoE) in its session of February 23, 2024. The CCoE approved the recommendations of the Ministerial Oversight Committee for the IP Project constituted by the Prime Minister in September 2023 whereby the Committee recommended to start work on the 80 km segment of the pipeline inside Pakistan i.e. from Pakistan border up till Gwadar in the first phase. The Project will be executed by Inter State Gas Systems (Pvt) Ltd. and will…

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PDM 2.0 Unveiled: Shehbaz Sharif and Asif Ali Zardari Set to Assume Key Offices

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PPP-PMLN

After ten days of intense negotiations following an inconclusive national election, the Pakistan Peoples Party (PPP) and the Pakistan Muslim League-Nawaz (PML-N) have struck a deal to form a coalition government once again. The agreement, finalized on Tuesday night, outlines the distribution of key positions, including prime minister, president, governorships, and chairman Senate. Under this arrangement, Shehbaz Sharif is slated to resume the role of prime minister, while Asif Ali Zardari will return to the presidential office. Additionally, the PPP will take up the roles of Senate chairman and Punjab…

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