Plan being finalized to support SMEs
Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood has said that keeping in view the financial constrains faced by the business sector government is devising a plan especially for Small and Medium Enterprises (SMEs) to support small businesses in this time of COVID-19. This was conveyed by a tweet from his official […]
Company credentials being examined for North South Gas Pipeline Project
Pakistan is in the process of examining the credentials of the company proposed by Russia for the $2 billion north south gas pipeline project. Earlier, Russia nominated an entity – PAO TMK – whose ultimate beneficiary owner (UBO) Dmitry Pumpyansky is on the watch list of US sanctions. Russia was insisting to make a deal […]
Six-member committe formed to conduct audit on IPPs
To hold formal negotiations with Independent Power Producers (IPPs), the government has constituted a six-member technical committee led by Prime Minister’s Special Assistant on Coordination of Marketing and Development of Mineral Resources, Shahzad Syed Qasim. As no acknowledged report has been finalised by a nine-member committee headed by former Chairman SECP Muhammad Ali due to […]
OGDCL’s in Fatehjang Quarantined as employee resulted positive for COVID-19
The health authorities have quarantined Oil and Gas Development Company (OGDCL’s) exploration rig in Fatehjang after one of their employees tested positive for Covid-19. District Health Officer Dr Asad Ismail has taken precautionary services along with Deputy District Officer (health) Dr Junaid Sadiq. They visited the site after an ambulance driver working there tested positive […]
The impact of US oil market crash on Pakistan
The US crude oil started trading at a record low of minus $37 on the 20th of April 2020 one day before expiry of the May contract. For the first time in history the WTI Oil was trading at a value below Zero. Does this mean we should start expecting free petrol for our cars? […]
Gwadar port starts operation for Afghan transit trade
The ministry of Commerce has made the Gwadar port operational for Afghan Transit trade. This was announced by special adviser to prime minister for commerce and investment Abdul Razak Dawood via a thread of tweets from his official account. Whet sugar and fertilizers will be transported to Afghanistan through this route. Keeping in view the […]