Stocks surged on Monday as press reports hinted at the government’s commitment to meeting the terms of the International Monetary Fund (IMF) for the revival of a $7 billion loan programme. Arif Habib Ltd said the exploration and production sector was in the spotlight following the news that the government is trying to settle the outstanding gas sector’s circular debt at once. Trading volumes ro
At the Apex Committee meeting over terrorism in Peshawar on Friday, Prime Minister Shehbaz Sharif complained that the International Monetary Fund (IMF) mission visiting the country for discussion to resume its bailout package was giving a ‘very tough time’ to Finance Minister Ishaq Dar and his team. It is time the Fund did it. Period. If Pakistan wants to break up with the lender of last resort
National Transmission and Despatch Company Ltd (NTDC) has completed a 29km long double-circuit transmission line from Polan, Iran to Gwadar. With the construction of the transmission line, Pakistan’s transmission system has become capable to evacuate an additional 100MW of Iranian electricity to various parts of Balochistan. The testing of circuit-II of the transmission line was comple
The Central Development Working Party (CDWP) on Monday cleared a total of 10 development projects worth Rs87.17 billion. The meeting of the CDWP presided over by Federal Minister for Planning and Development Ahsan Iqbal formally approved eight projects with a cumulative cost of Rs18.57bn and referred three other projects worth Rs68.61bn to the Executive Committee of the National Executive Counc
There’s going to be a glut of hydel-based electricity, and it won’t even remotely be cheap. “People think hydel electricity is sasta. That’s absolutely wrong. All run-of-the-river projects, except Dasu, will have 10-11 cents (per unit cost),” said Shahid Sattar, energy expert and executive director of the All Pakistan Textile Mills Association, while participating in a panel discussion on Thar