PRL Inks Upgrade Agreement With OGRA
Pakistan Refinery Limited (PRL) has signed and executed the upgrade agreement with the Oil and Gas Regulatory Authority (OGRA) to upgrade its plants, the company reported on Thursday. Pakistan Refinery…
PRL Signing Brownfield Policy Deal with OGRA Today
Pakistan Refinery Limited (PRL) is anticipated to finalize an agreement with the Oil and Gas Regulatory Authority (OGRA) on Thursday, aligning with the ‘brownfield refinery policy’ to avail incentives aimed…
KUFPEC and OGDCL Sign Strategic MoU for Exploration in Pakistan
The Kuwait Foreign Petroleum Exploration Company (KUFPEC) and the Pakistani Oil and Gas Development Company (OGDCL) have officially inked a Memorandum of Understanding (MoU), solidifying a collaborative alliance between the…
Which country has the lowest insurance penetration globally?
Pakistan is the country where the insurance sector penetration (life and non-life) is less than one percent of GDP, and its gross premium is only $1.9 billion, which is almost…
Pakistan Appoints ‘Ernst & Young’ for PIA’s privatization
In accordance with International Monetary Fund (IMF) conditions advocating the privatization of state-owned entities, Pakistan has chosen the British multinational firm ‘Ernst & Young’ as the Financial Advisor for the…
Indus Motor Company to Launch First Hybrid Electric Car in mid-December
Indus Motor Company (IMC), the renowned Toyota car assembler to introduce the Pakistan-made Corolla Hybrid Electric Vehicle by mid-December, Ali Jamali, the CEO revealed on Wednesday. Jamali said, “very soon”…
Pakistan’s weekly inflation eases
Pakistan’s weekly inflation rate eased by a third of a percentage point over the previous week driven by a decline in some kitchen items’ prices, especially pulses, chicken, onions, rice,…
Citigroup Forecasts Crude Oil Price Drop to $70/Barrel in 2024
Citigroup Inc. has predicted that there shall be a drop in crude oil prices next year, with a likely reduction to US$70 a barrel. This is primarily because of lower…
Chinese Coal Power Plants in Pakistan Use Lower-Quality Coal, Charge Higher Rates
Pakistan’s Power Regulatory Body Exposes This Use of Inferior Coal Under CPEC framework, Raising Concerns Over Capacity Payments. Chinese coal-fired power generators operating in Pakistan under the China-Pakistan Economic Corridor…
Trade Dialogue: China, US Set Up Channels to Ease Tensions
Trade Dialogue between US Treasury chief Janet Yellen and Chinese Vice-Premier He Lifeng led to the establishment of working groups. Sources say the two sides have resumed talks in several…
