Attock Refinery Limited (PSX: ATRL) has resumed production at its main crude distillation unit with immediate effect, the company informed the main bourse on Wednesday. Recently some improvement has been observed in the uplifting of High Speed Diesel (HSD). Accordingly, ARL has restarted its main unit, however, the situation is
Prime Minister Shehbaz Sharif has sought a report regarding electricity issues with Azad Jammu and Kashmir (AJK) government. According to sources, talks with the AJK government over future tariff determination of Neelum-Jhelum Hydropower Plant. The talks are being held to finalize the new tariff after which an agreement would be
The Pakistani rupee gained slightly against the US Dollar today after opening trade at 278 in the interbank market. It was largely stable before closing in green against the greenback and other major currencies today. The interbank rate stayed at 278 most of the day before closing at the same
The Securities and Exchange Commission of Pakistan’s (SECP)Centralized Gateway Portal (CGP), for retail investors, has simplified the process for opening accounts with multiple financial intermediaries i.e., brokers, asset management companies, and insurance companies. The Securities and Exchange Commission of Pakistan (SECP) held a of workshop for Council Energy and Economic
The Ambassador of France to Pakistan Nicholas Galey called on Finance Minister Muhammad Aurangzeb at the Finance Division today. The minister welcomed the French Ambassador and appreciated the support extended by the French government for renewal of GSP Plus status to Pakistan. He briefed the envoy on the steps taken
The Federal Board of Revenue (FBR) has informed importers/exporters about the jurisdiction and limits of ‘Customs House, Torkham’; Customs Border Terminal, Torkham, Khyber District and Customs Border Terminal, Chaman (Custom House, Chaman). The FBR has declared the limits of ‘Customs House, Torkham’ Khyber Pakhtunkhwa. In this regard, the FBR has
The federal government plans to deregulate petroleum prices gradually and only after taking all dealers and Oil Marketing Companies (OMCs) into confidence, Chairman Oil and Gas Regulatory Authority (OGRA) Mansoor Khan told reporters on Tuessday. This move follows last month’s request from the Petroleum division to OGRA for analysis and
The National Electric Power Regulatory Authority (NEPRA) on Wednesday notified a Rs. 2.83 per unit increase in the price of electricity in terms of fuel charges adjustment (FCA) for ex-Wapda distribution companies (DISCOs). The increase will be shown separately in the consumers’ bills on the basis of units billed to