PAEL Has Potential to Surge on U.S. Export Boom, Nigeria Expansion
Lahore firm’s global push lifts stock 67%, outpaces KSE-100 Pak Elektron Ltd (PSX: PAEL) is expanding its global reach with growing exports to the United States and the launch of a smart meter assembly plant in Nigeria. The Lahore-based electrical equipment manufacturer has rallied more than 67% in one year, handily beating the KSE-100 Index, […]
Govt Moves to Resolve Refineries’ Tax Woes in Budget
Petroleum minister, PM back industry push to fix sales tax snag threatening refinery modernization The government has assured the refinery sector that their tax issues will be resolved in the upcoming budget that was affecting the refineries and oil marketing companies, as the petroleum minister has taken up this issue with the ministry of Finance […]
Pakistan Courts American Investors With Stability Promises
Petroleum Minister Pledges Pro-Business PushFDI jumps in April as government woos American investors with promises of reforms Pakistan’s Petroleum Minister, Ali Pervaiz Malik, vowed to maintain a pro-business trajectory, signaling stronger investor support and regulatory reforms as Islamabad looks to revive foreign investor confidence—especially among U.S.-linked firms. Speaking in Lahore, on Saturday, Malik—who previously served […]
Turkey’s Energy Firm to Invest in Pakistan’s Oil and Gas Sector
Government awards 13 new blocks for exploration in Sindh and Balochistan ISLAMABAD — In a significant boost to foreign investment in Pakistan’s energy sector, the government has awarded oil and gas exploration rights to Turkish Petroleum Overseas Company (TPOC) in Sindh and Balochistan, official sources confirmed on Friday. TPOC, a state-owned Turkish energy firm, will […]
Pak Elektron Expands to Africa With Smart Meter Assembly Plant in Nigeria
Pak Elektron Limited (PEL), Pakistan’s leading power equipment and appliances manufacturer, is making its first major footprint in Africa by establishing a smart energy meter assembly plant in Nigeria, in partnership with a local business giant. The move signals PEL’s ambition to tap into Africa’s rising energy demand and position itself as a key player […]
Karachi Traders Reject KE’s Rs76bn Write-Off, Cry Foul Over ‘Bogus Bills’
NEPRA Orders KE Probe; Karachi Traders Say ‘No More Surcharges’ ISLAMABAD: Business leaders and industrialists in Karachi on Thursday launched a scathing attack on K-Electric (KE), vowing not to pay “a single penny” in surcharges related to the company’s Rs76 billion write-off claims, while accusing the utility of sending bogus bills to defaulted consumers dating […]
PIBTL Receives SIFC, PPRA Nod for $6B Reko Diq Exports
The Special Investment Facilitation Council (SIFC) and the Public Procurement Regulatory Authority (PPRA) have formally conveyed their decisions to Pakistan International Bulk Terminal Ltd., clearing the Karachi-based operator to handle exports of copper, gold, and other high-value minerals from Barrick Gold Corp.’s $6 billion Reko Diq project. “We have received the decisions, and we have […]
Drone strike kills 10 civilians in Mardan’s Katlang area, sparks protest
A drone strike in the Shamozai area of Katlang, just 30 kilometers from the Punjab Regiment Center in Mardan, killed at least 10 civilians, including women and shepherds, triggering outrage among locals, sources said Saturday. Following the strike, protesters placed bodies on the Swat Motorway, blocking traffic and condemning the attack. Reports suggest that a […]
Pakistan’s Honda Atlas Exports First Built-Up Cars to Japan
Honda Atlas Cars Pakistan has achieved a historic milestone by exporting its first-ever batch of completely built-up (CBU) units, with 40 Honda City 1.2L vehicles dispatched to Japan. The landmark export underscores Pakistan’s growing role in the global automotive industry and aligns with the government’s vision of boosting industrial and export-led growth. Special Assistant to […]
Pakistan’s Imran Khan nominated for Nobel Peace Prize
Islamabad, Pakistan: Former Pakistani Prime Minister and Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan has been nominated for the Nobel Peace Prize, a Norwegian political group announced. The nomination was put forward by members of the Pakistan World Alliance (PWA), who belong to Norway’s Partiet Sentrum political party, according to the group. This is not the […]
