The board of directors of K-Electric (KE) has awarded an EPC contract of around $425 million to a joint venture of Chinese and German firms. They are looking to establish a combined cycle power plant with an installed capacity of 900 megawatts at Bin Q...
Read More »Pakistani Firm Inks Agreement With Singapore-Based Company for LNG Supply
Universal Gas Distribution Company (UGDC) signed an LNG purchase deal with a Singapore-based firm, Trafigura, on Thursday.Trafigura has reconfirmed its cooperation agreement for the terminal capacity and supply of LNG/gas to UGDC.The agreement was sign...
Read More »PSO Reports 2.3% Lower Profit of Rs. 15.10 Billion for FY 2018-19
Pakistan State Oil (PSO), the largest oil marketing company in Pakistan, has announced its financial results for the fiscal year 2018-19.Oil marketing companies have seen a significant change in their revenue mix in the last couple of years. PSO report...
Read More »Online Car Dealers To Be Brought Into the Tax Net
The government of Punjab has decided to bring the online car dealers and sellers in the tax net similar to how showrooms in the province are treated.Punjab Finance Minister Hashim Jawan Bakht stated this while chairing a meeting along with Punjab Minis...
Read More »Singapore’s Patamar Capital to Invest $10 Million in Pakistan
A Singapore-based leading Series A and B venture capital firm, Patamar Capital, will invest $10 million in Pakistani companies in the next few years, a statement said on Tuesday.Patamar Capital and SEED Ventures, a leading impact investor and ecosyst...
Read More »USA Was The Top Export Destination of Pakistan in July-Aug FY19-20
The United States of America (USA), which is the world's biggest economy, remained the top export destinations of the Pakistani products during the first two months (July-August) of the current financial year (2019-20), followed by China and United Kin...
Read More »Byco Petroleum Loses Rs. 1.68 Billion in FY18-19
Byco Petroleum has announced its financial results for the year ended June 30th, 2019.The company incurred a loss of Rs. 1.68 billion for the period, while it had reported a profit of Rs. 5.01 billion in the same period last year.The last fiscal year w...
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