Category: Recent Post

According to the notification to the PSX, the company booked a profit of Rs. 5.74 billion, increasing by a massive 907 percent or 9.07x compared with Rs. 570.76 million profit earned in Q1 2020. The earnings were above the market expectations due to better DAP trading margins and lower finance costs. According to a report by Foundation Securities, the increase in 1QCY21 profitability was due to higher Urea/DAP offtake, better Urea retention prices, increased profitability from fertilizer trading business, and decline in finance cost. Along with the result, the company…

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Prime Minister Imran Khan Monday said the whole Muslim world’s collective voice and threat for trade boycott could put a stop to blasphemy as protest demonstrations would damage nothing but Pakistan’s booming economy. Will expulsion of the French ambassador and cutting ties with them will stop this (blasphemy)? Is there any guarantee that no one will do it again? I know the West, if Pakistan does it (expels the French envoy), some other European country will do it again in the name of freedom of expression,” the prime minister said…

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Federal Minister for Information and Broadcasting, Chaudhry Fawad Hussain on Sunday categorically stated that no talks would be made with lawbreakers and defunct organizations challenging the writ of the state. The workers of TLP had been involved in attacking Nawan Kot police station and abducting police personnel, he said talking to a private television channel. The defunct organization could not challenge the writ of the government, he said adding that no one would be allowed to take the law into their hands. The ruling party believed in a consensus being…

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LAHORE: The dispute between the state-owned gas companies and sponsors of the two proposed private LNG terminals — Tabeer and Energas — over pipeline capacity allocations for the projects will likely linger for a much longer period than anticipated by the investors. While the investors are loo­king for firm commitm­ents from Sui Sothern Gas Com­pany (SSGC) and Sui Nor­thern Gas Pipelines Limited (SNGPL) over allocation of gas pipeline capacity before they start work on the construction of the two terminals at Port Qasim, the gas companies argue they are not…

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NTDC Headquarter, WAPDA House Lahore (18 April 2021) In pursuits of early completion of its projects, the National Transmission & Despatch Company Limited (NTDC) has completed 04 more 500 kV transmission line circuits for evacuation of electricity from power plants located in southern parts of the country. The transmission line circuits have been connected with HVDC Converter Station at Matiari. In this regard a virtual ceremony of energization of transmission lines circuits was held at WAPDA House Lahore today. Managing Director NTDC Engr. Dr. Khawaja Riffat Hassan, Deputy Managing Directors,…

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