Business News Archive

Major restructuring package for power sector planned

ISLAMABAD: The government is planning to announce a major restructuring package for the power sector envisaging a freeze on average consumer tariff coupled with incentive-based lower rates for industry and small and medium enterprises (SMEs), transfer of distribution companies (Discos) to the …

Govt engages provinces in crucial gas policy shift

ISLAMABAD: The government on Wednesday announced major shift in gas policies towards introducing a weighted average cost of local and imported gas (WACOG), improving cheaper availability of LPG and bifurcate transmission and distribution business of gas utilities. Speaking at a news conference, …

Transporters halt imported wheat supply

KARACHI: Despatch of imported wheat from Karachi Port to up country has remained suspended for the last two days after transporters refused to comply with axle load restrictions. Importers told Dawn that currently 240,000 tonnes of wheat is being held at Karachi Port and …

The ticking time bomb of circular debt

The loan programme of the International Monetary Fund (IMF) suspended in January remains in limbo as Pakistan’s public debt went past 87 per cent of GDP at the end of 2019-20, up from about 72pc of GDP at the end of 2017-18. …

Recovery of Rs115bn from gas consumers okayed

ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Wednesday remained upset over the wheat situation amid vague signals from the authorities concerned and continuously increasing flour prices in the market. A meeting of the ECC presided over by Adviser to …

New licences for CNG stations soon

• Step aimed at absorbing surplus re-liquefied natural gas• ECC meets today to consider revising subsidised prices of essential items ISLAMABAD: Amid supply chain challenges that affected the compressed natural gas (CNG) sector in the past, the government is set to allow new …

PM directs crackdown against wheat, sugar hoarders

ISLAMABAD: Prime Minister Imran Khan on Tuesday said the government would ensure abundant availability of wheat and sugar in the country and directed the relevant departments for complete crackdown against those involved in hoarding of essential commodities. He said this during a …

India’s Basmati claim to be challenged

ISLAMABAD: Pakistan has decided to file its opposition in the European Union in a reply to India’s claim of Geographical Indi­cation (GI) tag of Basmati rice. This was decided during a meeting chaired by Adviser to the Prime Minister on Commerce Razak …

SAPM on revenue appointed

ISLAMABAD: Prime Minister Imran Khan has appointed former federal finance secretary Dr Waqar Masood Khan as his Special Assistant on Revenue. A notification to this effect issued here said that Dr Waqar — retired from government service on January 20, 2017 — …

Japan opens marketplace for Pakistani youth

ISLAMABAD: The government of Japan has offered Pakistani youth to make use of their skills to benefit from the employment opportunities offered by different sectors of the Japanese economy. “Japan wants to give chance to the talented youth of Pakistan to get themselves …