Pakistan News

    Pel C960 Price In Pakistan Lt600

  • PEL’s expanding market

    Many sector watchers feel that the company — the largest producer in the power segment — would stand tall among competitors due to two recent developments: the planned privatisation of the Heavy Electrical Complex (HEC), and the sale of Siemens Pakistan’s transformer business to a foreign buyer...

    These developments will provide Pak Elektron (PEL) enough time to consolidate its market position...

  • PEL, Kohinoor debarred from WB-funded project

    ISLAMABAD: The World Bank has announced on Friday the debarment of Pak-Elektron Ltd (PEL), its affiliates PEL Marketing (Pvt) Ltd and Kohinoor Power Company Ltd, and its former general manager for 33 months...

    The decision was taken after the company was found engaged in collusive practices during bidding on contracts under the World Bank-financed electricity distribution and transmission improvement project in Pakistan...

  • Mari Petroleum acquires PEL’s stake in Sukkur Block

    KARACHI: In line with its growth strategy to expand its exploration portfolio to enhance its reserves base, Mari Petroleum Company (MPCL) has acquired 100 per cent stake in Block 2768-9 Sukkur from Pakistan Exploration (Pvt) Ltd (PEL)...

    MPCL and PEL are joint venture partners in the Sukkur block with working interests of 58...

  • Pakistan fails to capitalise on oil price dip: ADB

    ISLAMABAD: The Asian Development Bank says that Pakistan’s economy has failed to achieve its growth potential in spite of benefiting from lower prices of oil which accounts for almost a third of its imports...

    The ADB approved $1 billion for projects in Pakistan to improve transport and trade...

  • Fixing Pakistan's water woes beyond regulating the price of bottled water

    But even if Diamer-Bhasha reaches its funding goal, then what?The court summoned yesterday the CEOs of all bottled water companies to present data on the price of extracted water and the revenue they have made selling it...

    We can question whether major bottlers are cartelised, and whether quality audits are functioning well, but let’s think here instead about what the price of water should be...

  • Pakistan paid the price for waking up too late

    LONDON: Every World Cup failure for Pakistan sparks a wave of reviews and sackings and the promise of a fresh approach — until the team wins again and all is forgotten...

    Pakistan won four straight matches to finish level on 11 points with New Zealand, but they bowed out of the tournament due to an inferior net run-rate...

  • Petrol prices in Pakistan still very cheap compared to rest of the world, says finance minister, day after price hike

    Finance Minister Shaukat Tarin on Friday said petrol prices in Pakistan were cheaper than the rest of the region and the world, adding that only 16 countries had lower prices — all of them being oil producers themselves...

    "The finance minister added that Pakistan had cheaper petrol prices than other regional countries as well, such as India and Bangladesh...

  • Govt not bound to fix cane price every year, SHC told

    HYDERABAD: The Sindh government is under no obligation to fix the price of sugar cane for every crushing season under the Sugar Factories Control Act, 1950, the Sindh High Court Hyderabad circuit bench was told by the counsel for litigant sugar millers on Tuesday...

    “In fact, it is not incumbent upon the government to determine price of sugar cane on recommendations of the board,” suggested the affidavit citing the words ‘or...

  • Footprints: The high price of migration

    ATHENS: Nasima, 32, has just finished wrangling with her two daughters and one son, when a foreign journalist comes asking Afghan refugees what they plan to do after reports that the border of Macedonia is closed to all non-Syrians...

    “What did he say?” she asks in panic
  • Sindh Assembly asks Centre to cut petrol price to Rs40 a litre

    KARACHI: Condemning the Pakistan Muslim League-Nawaz government at the Centre for failing to pass on the benefit of record low oil prices in the international market to the people, the Sindh Assembly on Monday unanimously demanded that the federal government fix price of per litre petrol at Rs40...

    On Jan 31, the federal government had slashed the per litre price of petrol by Rs5 for the month of February...

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