CCP Authorizes Acquisition of Jura Energy Shares by IDL Investments
The Competition Commission of Pakistan (CCP) has authorized the acquisition of shares of Jura Energy Corporation by IDL Investments Limited from Phoenix Exploration Limited, following a review under the Competition Act, 2010. The transaction involves the purchase of common shares of Jura Energy by IDL Investments pursuant to a Share Purchase…
PM directs increase in number of freight trains
Prime Minister Muhammad Shehbaz Sharif directed the Pakistan Railways to increase the number of freight trains. According to official sources here on Monday, measures to shift cargo transport from roads to rail are being accelerated. The Pakistan Railways has started contacting chambers of commerce and commercial organizations. Traders and industrialists are…
Pakistan’s forex reserves hit four-year high
Pakistan’s foreign exchange reserves have reached four-year high due to the reforms of Special Investment Facilitation Council and policy continuity. According to the Finance Minister’s Advisor Khurram Schehzad, Pakistan’s total foreign exchange reserves have reached 21.6 billion dollars, the highest level in the past four years. Of these reserves, 16.3 billion…
Pakistan’s Embassy organizes tourism promotion event in Tokyo
Pakistan’s Embassy in Tokyo organized a tourism promotion event in collaboration with Saiyu Travels to highlight Pakistan’s vast tourism potential and diverse travel experiences. Speaking on the occasion, Pakistan’s Ambassador to Japan, Abdul Hameed, said Pakistan offers a unique blend of breathtaking natural beauty, majestic mountain landscapes, rich cultural heritage and…
Aurangzeb reviews petroleum product stock positions
The Committee to Monitor Petroleum Prices says petroleum product stocks remain at comfortable levels and supply chains are functioning smoothly, with adequate arrangements in place to ensure continuity of supply in the coming weeks. The Committee which virtually met today with Finance Minister Muhammad Aurangzeb in the chair undertook a comprehensive…
Pakistan, KfW sign agreement to promote renewable energy
Pakistan and the German Government Bank for Development (KfW) have signed an 18 million euros grant agreement to promote hydropower and renewable energy in the northern areas of the country. The agreement was signed by Secretary Economic Affairs Division Muhammad Humair Karim and KfW Country Director Sebastian Jacobi. Under the agreement,…
