Moscow is ready to resume gas supplies to Europe through the Yamal-Europe Pipeline and it can also send supplies to Pakistan and Afghanistan in the long term, Russian Deputy Prime Minister Alexander Novak told state news agency TASS. “The European market remains relevant, as the gas shortage persists, and we have every opportunity to resume supplies,” TASS cited Novak as saying in remarks publi
Energy equipment distributor NetLine Ltd plans to raise funds through the stock exchange after setting up a state-of-the-art solar panel plant in Islamabad. Speaking to reporters at the company’s head office on Monday, NetLine Ltd Director Umair Zavary said the firm recently received a valuation of $4.5 million from Intermarket Securities, a Karachi-based brokerage house. Based on the indepe
The National Transmission and Despatch Company (NTDC) that runs the country’s national grid has sought approval for a Rs370 billion investment plan for system expansion and loss reduction over the next three years (2023-25). In a petition to the National Electric Power Regulatory Authority (Nepra), the transmission system operator stated that the proposed investment was required to meet the nee
Pak Suzuki Motor Company Ltd (PSMCL) on Monday announced to keep its production activities suspended from Jan 2-6, 2023 citing a shortage of completely-knocked down (CKD) kits. Contrary to past practice, the company said its assembly plant of two-wheelers will also remain closed during this period. In a stock filing on Monday, the company said the State Bank of Pakistan on May 20 introduced
Confirming what has been known as an open secret for months now, the Exchange Companies Association of Pakistan (Ecap) on Monday said that the country has been facing the large-scale outflow of US dollars to Afghanistan ever since the Taliban’s takeover of Kabul last year. Addressing a presser, Ecap Chairman Malik Bostan noted that this situation had eroded Pakistan’s foreign exchange reserves.