The Competition Commission of Pakistan (CCP) has postponed hearings in the sugar cartelisation case involving 79 sugar mills and the Pakistan Sugar Mills Association (PSMA) after a request was made citing the unavailability of legal counsel due to the Supreme Court’s summer recess. The PSMA and its member mills sought rescheduling of the rehearing originally slated for Aug 4-7, arguing that the
Pakistan’s urea sales for July totalled 608,000 tonnes, a slight decrease of 1pc compared to 612,000 tonnes in the same month last year. The decline was attributed to weak farm economics and the impact of the monsoon season. Month-on-month, urea sales saw a sharp drop of 19pc, mainly due to the conclusion of the Rabi season. For the seven-month period from January to July (7MCY25), total urea
United States President Donald Trump said on Monday he will substantially raise tariffs on India over its purchases of Russian oil. Trump last week said he would impose a 25 per cent tariff on goods imported from India and added that the world’s fifth-largest economy would also face an unspecified penalty, but gave no details. Later, Trump mounted a sharp attack and said: “I don’t care what In
The Trading Corporation of Pakistan (TCP) has issued a new international tender to purchase 100,000 tonnes of white refined sugar, European traders said on Monday. The quantity is double the earlier procurement target of 50,000 tonnes. The deadline for submission of price offers is August 11. The announcement is believed to indicate that Pakistan will make no purchase in its previous tender
The price of electricity is expected to increase by one-fourth over the next eight years, according to a power division forecast, after a 50per cent increase in the past three years due to massive currency devaluation. The average tariff is projected at Rs29.70 per unit by 2034, up by Rs5.70 from the existing rate of Rs24, said the power division in a working paper shared with stakeholders in t