OGRA to take action against Oil Marketing Companies
On the instructions of Ministry of Energy, the Oil and Gas Regulatory Authority (Ogra) is expected to cancel provisional licence of 36 Oil Marketing Companies (OMCs). The decision has been taken after reviewing the activities of these OMCs over the past year. The 36 OMCs in question agreed to build storages at the time of […]
Telecom sector’s imports increased by 43.76%
A boost in mobile imports has been noted in the current fiscal year. Pakistan has imported mobile phones of worth $1.684 billion during July-April (2020-21).In comparison to the past year, the capital of import was around $1.027 billion. Stats show a growth of around 63.98 percent. The overall telecom imports into the country during the […]
ADB Signed loan agreement for Balakot Hydro power plant
The Asian Development Bank (ADB) has signed an agreement with the government of Pakistan to issue $300 million loan. The capital is solely dedicated to finance the construction of a 300-megawatt hydropower plant in Balakot, Khyber-Pakhtunkhwa. The agreement was signed by ADB Acting Country Director, Cleo Kawawaki, and Ministry of Economic Affairs Division Secretary Noor […]