The caretaker government machinery scrambled on Tuesday to assure the nation that the country has sufficient fertiliser stocks and that all fertiliser plants will be provided with an uninterrupted gas supply throughout the ongoing winter season to maximise production. “All plants will be running at full capacity throughout the current winter season… to ensure a consistent and sufficient local s
In an already struggling environment, the surging prices of wheat flour, onion and sugar have added salt to the wounds of low- and middle-income households. The price of onion, a high-running staple food of almost every household, has jumped to Rs200-220 per kg from Rs150-180 per kg last week, while it was tagged at Rs120-150 per kg two weeks back. While retailers continued to blame higher o
The electricity distribution companies (Discos) operating under the Power Division on Tuesday conceded billing discrepancies highlighted by the power regulator Nepra in a recent inquiry report but downplayed the extent of the wrongdoings happening to consumers and attributed its veracity to the natural, human and technical factors. The “initial response” released by the Power Division comes day
In a first, Saudi Oil giant Aramco formally entered Pakistan’s retail market with an estimated investment of about $100 million by acquiring a 40 per cent stake in Gas & Oil Pakistan Ltd (GO) — a private entity established almost a decade ago. GO announced in a statement on Tuesday that Aramco, one of the world’s leading integrated energy and chemicals companies, signed definitive agreements to
Shares at the Pakistan Stock Exchange (PSX) broke their record breaking streak and fell more than 200 points on Monday, with analysts attributing the sell-off to profit-taking. According to the PSX website, the KSE-100 index shed 211.31 points to close at 66,012.32 points, down 0.32 per cent from the previous close of 66,223.63. It should be mentioned that the KSE-100 index had reached a sig