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Browsing Category
Energy
Government bans traditional manufacturing of electric fans and bulbs
Government of Pakistan ban on traditional fans and bulbs
Government will charge consumers up to Rs15 per unit for fuel cost
Government charges for fuel consumption
Metal and cement sectors to suffer from high gas prices
Gas price hike in Pakistan
Pakistani economy will survive in 2023
The likely state of Pakistan economy in the year 2023
Largest oil refinery in Pakistan shuts down temporarily
Islamabad, 7 January 2023 (GNP): Due to the US dollar shortage and significant rupee devaluation, Pakistan's largest oil refinery, the Cnergyico refinery, has faced a crude oil shortage and has been closed for approximately a week.
An…
UK, only G7 economy to decline in 2023
London, 31 January 2023 (GNP): The IMF did add, though, that it currently believes the UK economy is "on track" following the Autumn Statement. The UK did better than many expectations last year, according to Chancellor Jeremy Hunt. Instead…
Petrol rate update: new price hike
Islamabad, 30 January 2023 (GNP): Ishaq Dar, the finance minister of Pakistan, in a recent conference, announced that the federal government has raised the cost of gasoline and fuel by Rupees 35. Following the elimination of the informal…
OGRA negates reports of petrol shortage
Islamabad, 24 January 2023 (GNP): The spokesperson of OGRA said in a statement:" Ogra strongly rebuts the speculations on petrol/diesel shortages. Furthermore, ships carrying 101,000 metric tonnes petrol are at berth/outer anchorage. The…
Rupee falls against Dollar
Islamabad, 21 January 2023 (GNP): According to Pakistan Stock Exchange (PSE), the Pakistani rupee dropped by Rps 0.52 (0.23%) to a three and half-month low at Rs229.67 against the US dollar in the interbank market.
Also Read: Major…
Pakistan to import oil from Russia
Islamabad, 21 January 2023 (GNP): After the end of the annual inter-governmental commission between Russia and Pakistan, it was agreed that Russia will export crude oil to Pakistan starting from March this year.
The news was confirmed by…
Textile owners threaten to halt production due to import delays
Islamabad, 20 January 2023 (GNP): Textiles owners on Thursday warned to go on a strike over delays of imported cotton containers at Karachi Port amid the country’s struggle to boost fast-depleting foreign exchange reserves.
All Pakistan…
Power tariff of DISCO increased by Rs4.46 per unit
Islamabad, 18 January 2023 (GNP): The National Electric Power Regulatory Authority (Nepra) has allowed an increase in tariff up to Rs4.46 per unit for quarterly adjustment for the first quarter of the financial year 2022-23.
The tariff…
Reko Diq extraction project to start in 2028
Chaghai, 17 January 2023 (GNP): The Canadian company Barrack Gold has announced the development of Reko Diq, which will begin in 2028. A ceremony was held at the office of Chief Minister’s secretariat on 15 January 2023, where Barrick Gold…
Pakistan Government will not change fuel prices
Islamabad, 16 January 2023 (GNP): Ishaq Dar, Finance Minister of the Pakistan Government, has announced that the prices of petroleum will remain the same as the present and won't increase till February. He said this while addressing a media…
Argentina’s rising prices: Cost of living doubles
Buenos Aires, 13 January 2023 (GNP): According to the recent stats issued by Argentina's economists, it was observed that the country's consumer prices inflated by almost 95 percent during 2022.
This is one of the highest inflation rates…
OGRA allows hike in gas prices
Islamabad, 11 January 2023 (GNP): Oil and Gas Regulatory Authority of Pakistan (OGRA) has allowed Sui Southern Gas Company Limited (SSGCL) and Sui Northern Gas Pipelines Limited (SNGPL), two major gas-providing companies, to inflate gas…
Pakistan Govt. will sell LNG Plants to Qatar
Karachi, 7 January 2023(GNP): Pakistan's government has decided to sell two LNG power plants to raise an estimated $1.5 billion. Previously these plants were to be privatized, however now, the government aims to sell state assets to Qatar…