Pakistan Set to Cut Petrol Prices by Rs6.10 a Litre From Oct. 16
Pakistan plans to reduce retail fuel prices from Oct. 16 following a marginal decline in global oil prices, according to people familiar with the matter. The price of petrol is…
China steps up yuan push as dollar dominance faces growing challenge
Beijing’s latest financial maneuvers signal a determined bid to weaken global reliance on the U.S. currency China is accelerating efforts to boost the yuan’s global standing and chip away at…
K-Electric board delays key meeting on Saudi investment to Oct 20
The much-anticipated board meeting of K-Electric, scheduled for Monday to discuss crucial matters including potential Saudi investment, was postponed. The meeting, now rescheduled for October 20, was a continuation of…
Saudi investors sign landmark MoU to acquire majority stake in K-Electric
In a major breakthrough for Pakistan’s power sector, Saudi investor Prince Mansour bin Saud on Thursday signed a historic memorandum of understanding (MoU) to acquire a majority stake in K-Electric,…
CCP Greenlights Merger to Boost Bank Makramah’s Growth and Capital Strength
In a major step toward transforming its financial footing, Bank Makramah Limited (BML) has secured approval from the Competition Commission of Pakistan (CCP) for the merger of M/s. Global Haly…
K-Electric Set to Boost Power Imports to 3,456MW Under Revised National Plan
Rising demand, stronger grid links, and new studies point to growth potential for investors K-Electric is poised for a major power supply boost as the revised Indicative Generation Capacity Expansion…
CCP launches probe into fake Islamabad housing ads
The Competition Commission of Pakistan (CCP) has launched a formal inquiry into deceptive marketing practices in the housing sector after intelligence reports revealed widespread misrepresentation by several housing societies and…
CCP urges LNG sector shake-up to break state monopoly
Watchdog calls for unbundling gas utilities, stronger regulation and private sector entry to cut costs, boost competition Pakistan’s Competition Commission has flagged deep-rooted barriers in the liquefied natural gas (LNG)…
WorldCall parent GlobalTech appoints Frank R. Parrish as president to drive AI, Big Data push
GlobalTech Corporation, the U.S.-based parent of WorldCall Telecom Limited (WTL), has appointed Frank R. Parrish, III as its new president, marking a major leadership transition as the holding company positions…
Finnish mineral giant expands role in Pakistan’s mining sector
Finnish mineral giant Metso will not only supply equipment and services for Pakistan’s flagship Reko Diq mining project but also train local human resources, officials announced Monday after high-level talks…
