Category: News & Announcement

The Pakistan International Airlines recorded an increase in revenue by 43% in the past year, according to an annual report compiled under the new CEO Air Marshal Arshad Malik, who resumed charge in March this year. The report pertaining to the complete results of the national air carrier was submitted to the Pakistan Stock Exchange today. In the report mentioned that the PIA increased its annual revenue in 2019 from Rs104 billion to Rs148 billion. The increase in revenue brought to the fore the fact that the national airline recorded…

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The UK has become more attractive to renewable energy investors following the government’s decision to lift its block on financial support for onshore wind and solar projects. New renewable energy capacity hit record levels in 2019Read moreBritain has climbed the rankings of a biannual global survey of investors to take the sixth spot in EY’s “attractiveness index” for renewable energy ahead of a major clean energy auction next year. The auditing giant said the government’s decision to include onshore wind and solar energy projects in the auction had helped the…

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The BBC’s weekly The Boss series profiles different business leaders from around the world. This week we speak to Rusty Hutson Jr, founder and chief executive of US energy firm Diversified Gas & Oil (DGO). In the end, Rusty Hutson Jr couldn’t escape the calling of the family trade. Born and raised in a blue-collar household in the oil and gas fields of West Virginia, his father, grandfather, and great-grandfather all earned their livings in the energy sector. They worked at the wells, and on the pipelines, putting in a…

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KARACHI: In continuation of earlier relief measures on account of the COVID-19 crisis, K-Electric (KE) is facilitating Small and Medium Enterprises (SMEs) through pre-paid electricity bills under the “Chota Karobar-o-Sannat Imadadi package” announced by the Federal Government. Under the package, eligible commercial customers with sanctioned load up to 5kW and industrial consumers with sanctioned load up to 70kW will receive a maximum subsidy of up to Rs. 100,000 and Rs. 450,000 in their electricity bills which can be utilized in six month starting from May, 2020. The subsidy amount per…

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The management of Indus Motors Company has decided to resume its plant operations and its offices with adequate aimed at preventing the pandemic spread, informed the company in a notice to the Pakistan Stock Exchange on Tuesday.  The statement further added that the company resumed plant operation following approval and relaxation given by the Sindh government.  Earlier, through a public notice, the company had announced to revise the prices of its products and vehicle range citing international economic conditions and fluctuation in the forex index. The notice had further said new prices will…

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