An undated image of a Parco refinery. — Parco Site/File The Ministry of Energy is examining measures to overcome political obstacles. Sales tax exemption conflicts jeopardize refinery modernization plans. SIFC sets January 7 as deadline to finalize refinery deals. KARACHI: The country’s refining sector has suggested several measures to the government to facilitate progress on … Read more
Prime Minister Shehbaz Sharif chairs a meeting to assess and discuss the country’s future electricity and power plans in Islamabad, December 13, 2024. — APP The PM orders the transfer of electricity generation capacity to solar energy. Calls for the immediate closure of inefficient power plants. Orders action against officials who deliberately obstruct reforms. ISLAMABAD: … Read more
A representation of the cryptocurrency Bitcoin and a price chart are seen in this illustration taken October 24, 2023. — Reuters Bitcoin has doubled this year, up 40% since the US election in November. Trump, the pro-crypto Congress, has seen the regulatory clouds clear. Crypto-related stocks are rising with the price of Bitcoin. Bitcoin nearly … Read more
Secretary of the Ministry of Economic Affairs, Dr. Kazim Niaz, and ADB Country Director, Ms. Emma Fan, signed the loan agreement in a ceremony attended by senior officials of the government and the ADB. —APP Program to stimulate inclusive investments in disaster risk mitigation. Agreement signed after the nod from Minister of Economic Affairs Ahad … Read more