Pakistan News

    Smashburger Oil Company Islamabad Pakistan

  • Ogra slaps fine on another oil company

    ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) on Tuesday imposed fine on another oil marketing company for operating illegal petrol pumps in Sindh and without developing legally required storage infrastructure...

    In an order, the Ogra said M/S Gas & Oil Pakistan (Pvt) Limited (GOPPL) was granted permission to establish an oil marketing company in June 2012 subject to construction of minimum storage capacity of 20 days before...

  • IHC issues notices to PSO, Ogra on oil company’s petition

    ISLAMABAD: The Islamabad High Court (IHC) on Thursday issued notices to the Ministry of Petroleum, Pakistan State Oil (PSO), Oil and Gas Regulatory Authority (Ogra) and the Federal Investigation Agency (FIA) on a petition filed against the crackdown on oil marketing companies (OMCs) ordered by Prime Minister Imran Khan after reports of ongoing shortage of petroleum products across the country...

    Zoom Petroleum (Pvt) Limited further...

  • Pakistan Navy buying vessels for special operations from US company

    WASHINGTON: Pakistan Navy has placed an order for two 75m Swift Corvettes from a US-based shipbuilding company, Swiftships, said the company’s Chief Executive Officer Shehraze Shah...

    In an interview with a defence and security magazine Mönch, Mr Shah said that the Pakistan Navy had also purchased Swiftships’ 11m Special Operation Craft Riverine, which was deployed for counterinsurgency and drug-interdiction missions...

  • International security company hired for Pakistan by ICC: Sethi

    LAHORE: The International Cricket Council (ICC) has hired an international security company on a three-year term in order to aid the resumption of international cricket in Pakistan, Pakistan Cricket Board (PCB) chairman Najam Sethi said on Tuesday...

    Sethi told Dawn that the security company will visit the country during either the last week of August or the first week of September...

  • Panama president admits to offshore company in Pakistan and other unbreakable news

    Panama City: According to an un-leaked set of papers which were to be leaked along with the notorious Panama Papers (but weren’t), the president of Panama, Jean-Claude Van Damme, has an off-shore company in Pakistan...

    According to the newspapers and TV channel owned by the PLMG, President Damme, who came to power after the 2014 presidential election, opened an offshore company in Lahore in December 2014...

  • Pakistan Microfinance Investment Company launched

    ISLAMABAD: The Pakistan Microfinance Investment Company (PMIC), a private-sector firm which aims to use public funding to invest commercially in people and businesses on lower incomes, was launched on Thursday by Finance Minister Ishaq Dar...

    The PMIC has been created by the Pakistan Poverty Alleviation Fund (PPAF) and Karandaaz Pakistan — funded by UK’s Department for International Development (DFID) — and the KfW, a German...

  • 10 banks sign pact to create Pakistan Corporate Restructuring Company Ltd

    KARACHI: The country’s 10 banks signed an agreement on Friday to establish Pakistan Corporate Restructuring Company Ltd (PCRCL)...

    Under the provisions of Corporate Restructuring Companies Act 2016 with an initial paid-up capital of Rs500 million, the banks have decided to establish the Corporate Restructuring Company (CRC) — first of its kind company in the country...

  • Company linked to PM’s Digital Pakistan unit stirs controversy

    KARACHI: A company related to the Digital Pakistan initiative — a brainchild of Prime Minister Imran Khan’s government — has stirred a controversy on social media, questioning the involvement of Tania Aidrus, the premier’s special aide leading the initiative, who is among the board of directors of the related company...

    Prime Minister Khan had launched the Digital Pakistan programme on Dec 5 last year and named Ms Aidrus, a Google...

  • Nepra fines power company for delays in submission of data

    ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) imposed on Monday a fine of Rs1 million on the Central Power Purchase Agency (CPPA), also known as the National Transmission and Despatch Company (NTDC), for failing to provide information needed for monthly fuel price adjustments within the stipulated time...

  • Comedy troupe Bhai Log Company is ready for a comeback

    A comedy troupe trusted to take the mickey out of those in the limelight, the Bhai Log Company has announced its comeback in a teaser image put up on its Facebook page and website...

    "We're sticking to our usual themes like the social divides in Pakistan and extremism," shared troupe member Kamran Bozai about their latest act, which has been tentatively titled The Langar Games, adding that of course fake degrees and jailed models will...

  • Alphabet passes Apple as world’s biggest company — now what?

    NEW YORK: Even before it became a household name, Google parent Alphabet has become the world’s most valuable company, vaulting past Apple in a sign of an evolving technology landscape...

    Apple ends a run of four years as the world’s largest publicly traded company, having overtaken Exxon Mobil on January 25, 2012...

  • Private company blocked from importing 20pc cheaper LNG

    ISLAMABAD: Amid legal vacuum surrounding the sale of around 140,000 tonnes of imported liquefied natural gas (LNG) to a few bulk consumers, a private company’s bid to arrange import of 20 per cent cheaper commodity is reported to have been blocked...

    Informed sources told Dawn the Pakistan State Oil (PSO) did not have an LNG marketing licence but it had not only imported but was selling the product to various consumers, including...

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