Riyadh told Islamabad on Monday that Saudi agriculture companies were looking at Pakistan with great interest and expressed the hope that both countries would benefit from joint ventures for improving the value chain of agriculture economy. This transpired at Prime Minister Shehbaz Sharif’s meeting with Faisal Al-Ibrahim, Minister of Economy and Planning, and Eng Abdulrahman Abdulmohsen Al-Fad
The Competition Commission of Pakistan (CCP) approved Aramco’s 40 per cent equity stake acquisition in Gas & Oil Pakistan Ltd (GO), the Saudi oil giant’s first entry into Pakistan’s fuels retail market. Aramco Asia Singapore Pte Ltd, is a Singaporean company wholly owned by Saudi Aramco, filed the pre-merger application with the CCP. The company specialises in sales, marketing, procurement,
A new committee formed by the prime minister to identify flaws and failures of the Track and Trace System (TTS) is likely to submit its report today (Tuesday). The committee, headed by Finance Secretary Imdadullah Bosal, will likely hold the TTS project directors responsible. The TTS is a software-based solution for tracking vehicles, loading units, shipments, and products throughout the entire
The federal government has announced stringent financial rules for all government entities, including ministries, divisions, departments, and agencies, to tighten control over cash through “sweeping arrangements” allowing the finance ministry to take over idle public funds in bank accounts. The major change introduced through the “Cash Management and Treasury Single Account Rules 2024” came wit
The Karachi-based K-Electric has sought approval to charge up to Rs18.6 per unit additional fuel cost from power consumers at an average monthly burden of about Rs2 per unit to mop up about Rs28bn additional funds and clear a backlog of about nine months (July 2023 to March 2024). In a series of petitions filed before the National Electric Power Regulatory Authority (Nepra), the KE presented th