Category: Highlights

A dignified ceremony was held today at Murat Bey Customs Post in Istanbul to mark the arrival of the first two National Logistics Company (NLC) trucks carrying goods from Pakistan to Turkey, via Iran, under the Transports Internationaux Routiers (TIR) convention.  The NLC trucks departed from Karachi on 28th September and reached Istanbul on 7th October covering a distance of 5300 Kilometers.  Senior officials of the Turkish Ministry of Transport and Infrastructure, Ministry of Trade, Chamber of Commerce & Commodity Exchanges of Turkey (TOBB), International Road Transport Union (IRU), ECO Secretariat, Transport…

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Construction industry’s boom provides tremendous opportunity for Turkish companies to invest in Pakistan: Turkey’s Consul General Karachi: The boom in the construction industry of Pakistan provides an excellent opportunity for prospective Turkish investors to invest and launch joint ventures with Pakistani businesses.This was stated by Turkey’s Consul General in Karachi, Tolga Ucak, while speaking as the chief guest at the launching ceremony of the Turkish company, Beta Electric, here at a hotel.  The ceremony was also addressed by Honourary Consul General of Yemen, Mirza Ikthiar Baig, Chairman of Consumers’ Association…

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Pakistan’s oil consumption is gradually getting back to normal pre-Covid lockdown levels as economic activities regain momentum and international prices are again rising amid supply limits maintained by oil-exporting countries and other supply chain problems. Since May, global prices of Brent have surged by almost one-third (32 per cent) to $82 per barrel although forecasts by the US Energy Information Administration average $62 per barrel in 2021 and $60 in 2022 against the International Monetary Fund’s (IMF) projections of about $60 per barrel in 2021 and slightly above $56 in…

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Talks at the technical level between Pakistani authorities and the International Monetary (IMF) reportedly remained inconclusive on the pace of power sector reforms with the latter reportedly expressing concern over non-implementation of the tariff agreed during the second to fifth review talks held in February 2021. Technical level talks were to conclude on Friday and policy level talks are scheduled in Washington DC. Finance Minister Shaukat Tarin is scheduled to leave for Washington DC on October 12 to attend the annual meeting of the World Bank and IMF scheduled from…

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he Sui Southern Gas Company Ltd (SSGCL) had suspend gas supplies to all the CNG stations and industries across Sindh and Balochistan for 72 hours due to a technical fault. However, domestic and commercial customers had faced no interruption in gas supplies, the sources told. SSGC suffered interruptions of RLNG supplies as the terminal faced difficulties to berth vessel. SSGCL has requested local exploration and production companies to expand their gas productions during the discontinuation of the gas supply and assured them of providing necessary support in this regard. Due…

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