Category: Highlights

The Auditor General of Pakistan (AGP) has recovered Rs5.66 billion during the first two months of the current fiscal year ending June 30, 2021.  According to the data available with this scribe, the recoveries from federal government departments stood at Rs5.411 billion while that from provincial and district offices were recorded at Rs243.9 million.  According to break-up figures, the highest recovery during the period under review was made by Lahore director general audit (petroleum and natural resource) that recovered Rs3.757 billion followed by Lahore director general audit (postal & telecommunication)…

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MULTAN, (APP – UrduPoint / Pakistan Point News – 22nd Sep, 2020 ) :Provincial Minister for Energy Dr. Akhtar Malik said on Tuesday that the Punjab government would welcome investment for manufacturing of solar panels in the country. He expressed these view in a meeting with officials of two Chinese companies including China Machinery Engineering Company (CMEC) and Zhunergy, said an official release issued here. CMEC branch manager Saman and Zhunergy general manager Gordon Gao expressed interest in investment in alternate sources of energy. Alternate sources of energy could serve as game changer for Pakistan and different companies were showing interest in…

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t’s been a busy month for oil markets, with a build-up of bearish news sending oil prices crashing at the start of the month, only for prices to rally again this week. A combination of outages from Hurricane Sally, a drawdown in oil storage, and high compliance from OPEC is responsible for the rebound. For Global Energy Alert members there are now two new free reports available in your dashboard. The first of these reports is on how to interpret stock charts and the second outlines the three biggest mistakes made by traders today. Make sure you become…

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Inviting Chinese popular tea brands to explore Pakistan’s tea market, Dr Sajid Khursheed, a doctorate from Beijing, has reckoned that the Pakistanis, especially youths, were very fond of drinking tea. “There is big potential for Chinese investors in Pakistan’s tea market,” he declared while participating in a TV talk show of CPEC Face to Face at the China Economic Network Television on the subject of China’s milk tea craze. “Pakistan people love tea and have a long history of tea culture”, Dr Sajid Khursheed, a teacher at the Canadian International School in…

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Pakistan will start manufacturing solar panels and lithium batteries of busses locally. The solar panel indigenous production is expected to start within 18 months. According to the information shared by the Federal Minister for Science & Technology, Fawad Chaudhary, the buses to be run on batteries will also be made in Pakistan. The Chinese companies are all set to establish solar panel manufacturing plants in Pakistan and another major Chinese battery maker will set up a lithium battery manufacturer in Pakistan.

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