A representative image of the flames of a lit gas stove. — AFP/File A 50% cutoff replaces a complete disconnection during the peak winter months. GSA Clause 1 invoked for supply on “as available” basis. Industries are encouraged to maintain double shot agreements. KARACHI: The Sui Southern Gas Company (SSGC) has announced a 50% reduction … Read more
A view of the Green Line Express train connected to new coaches imported from China at a station. — APPLICATION/File Pakistan Railways plans to launch a high-speed express train between Lahore and Karachi, similar to the Green Line Express which runs between Islamabad and Karachi via Lahore. “The main objective of this new train service … Read more
An undated photo of the State Bank of Pakistan building. — AFP/File KARACHI: The State Bank of Pakistan (SBP) on Friday announced that all banks and financial institutions will remain closed for public transactions on January 1, 2025 (Wednesday), which will be considered as a ‘public holiday’. In a statement, the central bank said development … Read more
A man draped in a shawl crosses a bridge in Karachi. — AFP/File The ongoing cold wave hitting the country, including Karachi, is likely to intensify further during the second week of January 2025, the Pakistan Meteorological Department (PMD) predicted on Wednesday. Talk to Geo news, PMD chief meteorologist Sardar Sarfaraz said, “The cold may … Read more
A general view of the Burj Khalifa and the skyline of downtown Dubai, United Arab Emirates, June 12, 2021. — Reuters DMTT is part of the OECD Global Minimum Corporate Tax Agreement. The United Arab Emirates is considering introducing corporate tax incentives. The incentive would provide a refundable tax credit of up to 50%. DUBAI: … Read more
A liquefied natural gas (LNG) tanker is towed by boats. — Reuters/File SNGPL has requested LNG cargo due to the expected increase in demand. PPL is unable to decide due to variables in demand projections. The current landed cost of LNG cargoes is close to $10 per MMBTU. ISLAMABAD: The board of directors of Pakistan … Read more
A Pakistan International Airlines (PIA) passenger plane arrives at Benazir International Airport in Islamabad, Pakistan, December 2, 2015. — Reuters PIA’s authorization to operate in the EU was suspended in June 2020. The ban cost the loss-making airline Rs 40 billion. PIA will contact Great Britain to obtain authorization to resume its routes: spox. ISLAMABAD: … Read more