Pakistan News

    Pel Deep Freezer Pakistan Range With Price

  • PEL’s expanding market

    The first is the appliances division, which produces refrigerators, air conditioners, microwave ovens, water dispensers and deep freezers...

    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...

  • 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 stocks close flattish in range-bound session

    The Pakistan Stock Exchange moved tentatively in the green on Tuesday, with the benchmark KSE-100 index gaining 86 points, or 0...

    The Securities and Exchange Commission of Pakistan had taken stringent compliance measures that brought in-house financing by brokers to a complete halt, leading to a dry up of liquidity...

  • PPP accuses govt of thrusting Pakistan into a deep ‘borrowing trap’

    ISLAMABAD: Senator Sherry Rehman of the Pakistan Peoples Party expressed concern over the state of the economy and regretted that the government had “run Pakistan into a debt trap deeper than it had ever been in before”...

    The PPP senator said “by putting everything on the China-Pakistan Economic Corridor (CPEC), the government is sitting back and explaining away all its missed targets and growing deficit”...

  • ‘Serious mess’: Pakistan need to dig deep to find heroes, says Waqar Younis

    “We don’t need stars, we need heroes,” Pakistan head coach Waqar Younis said outside the Gaddafi Stadium in Lahore as he headed to a ‘fact-finding meeting’ called up by the Pakistan Cricket Board (PCB) after the national side’s disastrous exit from the World Twent20...

    The four players are the 'stars' in Pakistan's current line up but it wasn't clear who Waqar was pointing at in his statement amid rumours of factions within the...

  • Perfectionist Williamson wary of Pakistan's deep batting

    New Zealand skipper Kane Williamson has called on his bowlers to be more accurate in the final overs as they look to take an unbeatable lead over Pakistan in the third one-day international in Dunedin on Saturday...

    New Zealand are already 2-0 up in the five-match series but Williamson is not completely happy, especially with the bowling to lower-order batsmen...

  • China has deep strategic interests in Pakistan: US report

    WASHINGTON: An official US report indicates that China has deep strategic interests in Pakistan, which will persuade both countries to stay engaged despite possible irritants...

    In its 2020 report to Congress on “Military and Security Develop­ments” in China,” the US Department of Defence suggests that Pakistan is among a handful of countries where Beijing seeks to enhance both “bilateral and multilateral” engagements...

  • N. Korea fires five short-range missiles into sea

    SEOUL: North Korea on Monday fired five short-range missiles into the sea off its east coast -- the latest in a series of launches ordered by leader Kim Jong-Un amid rising military tensions...

    The launches come just days after the North test-fired two medium-range missiles in what the UN Security Council described as an “unacceptable” violation of UN resolutions...

  • India test-fires long range surface-to-air missile developed with Israel

    NEW DELHI: India successfully test-fired on Wednesday a new long range surface-to-air missile capable of countering aerial threats at extended ranges, as Prime Minister Narendra Modi pushes to enhance the country's military capabilities...

    India, which shares borders with nuclear-armed China and Pakistan, is likely to spend $250 billion over the next decade to upgrade its military...

  • UoP team discovers artifacts in Sulaiman Range of DG Khan

    PESHAWAR: An archaeological team of the University of Peshawar (UoP) during digging along Sulaiman Range in Dera Ghazi Khan has found relics it believes date back from the Stone Age to the British colonial period...

    Documenting ancient human settlements in DG Khan, a number of stone implements such as hand axes, flakes and cleavers, being used for butchering wild animals and grubbing up roots of the wild plants, have been collected...

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