Category: Highlights

OGDCL Announces Financial Results for Quarter Ended Sept 30, 2024

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OGDCL

The Board of Directors of OGDCL, in its meeting held on Friday, October 25, 2024, in Islamabad, announced the financial results for the quarter ended September 30, 2024. The company reported net sales revenue of Rs. 106.01 billion, with a profit after tax of Rs. 41.019 billion, translating to earnings per share (EPS) of Rs. 9.54.The Board announced a first interim cash dividend of Rs. 3.00 per share (30%) for the quarter ended September 30, 2024, up from Rs. 1.60 per share (16%) during the same period last year (2023).…

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Electricity prices further jacked up by Rs3.76 per unit

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electricity price increased

KARACHI: The National Electric Power Regulatory Authority (Nepra) on Tuesday hiked the per unit price of electricity by Rs3.76 per unit on account of quarterly fuel adjustment. According to a notification issued by the power regulator, the increase will be applicable for three months this year — June, July and August. As a result of the latest hike in electricity prices, consumers will face higher electricity bills, with additional rates of Rs 1.90 per unit in June, Rs 0.93 per unit in July and August. Furthermore, this tariff hike will…

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Federal, Sindh govts agree to construct M6 highway from Karachi to Sukkur instead of from Hyderabad to Sukkur.

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Murad-Ali

KARACHI (Oct 24): Sindh Chief Minister Syed Murad Ali Shah and Federal Minister of Communication Aleem Khan, during their meeting at CM House, agreed to build a M6 Motorway not from Hyderabad to Sukkur but from Karachi to Sukkur via Hyderabad. They agreed to explore the possibility of constructing the motorway through a Public-Private Partnership (PPP) or a consortium to be formed by the provincial and federal governments. The CM said that his team would study the options and ways to make this happen. This emerged in a meeting held…

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KCCI appeals Govt to notify six working days to uplift economy, facilitate trade & industry

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KCCI-Import

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Jawed Bilwani has appealed the government to immediately reinstate six working days for federal and provincial governments and all their relevant authorities, institutions, and departments to uplift the economy and facilitate trade and industry.In a letter sent to Prime Minister Shehbaz Sharif, President KCCI stated that since 2011, the business & industrial community has constantly been facing a lot of hardships due to additional weekly holidays every Saturday being observed by the ministries, government departments, State Bank of Pakistan, Federal…

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