Pakistan on Monday said it had signed a memorandum of understanding (MoU) with Iran to supply 100 megawatts of electricity to Gwadar. Energy Minister Khurram Dastgir Khan paid a three-day visit to Iran from March 10 to 13 and held meetings with his Iranian counterpart Ali Akber Mehrabian. The energy ministry said that during a series of meetings both ministers emphasised on boosting cooperat
The Ministry of Commerce on Monday notified rules of origin for implementation of the Preferential Trade Agreement (PTA) signed with Uzbekistan. The rules, issued through SRO289, will cover only those products of exports and imports between the two countries identified for concessions under PTA. Both countries have already identified items for concessions on tariffs and it is estimated that
Tri-Star Power Ltd, a captive power plant listed on the Pakistan Stock Exchange, said on Monday there’re reasonable grounds to believe that a potential Turkish acquirer is causing “undue movement” in the share price. It went from Rs3.60 to Rs19.12 between July 1, 2022 and February 28, even though there was no development or material change in the business of the power producer during the eight
In a significant step aimed at facilitating cotton farmers, Prime Minister Shehbaz Sharif on Monday approved its support price at Rs8,500 per 40 kilograms. The prime minister while chairing a meeting of the Agriculture Task Force directed the authorities concerned to place the matter before the Economic Coordination Committee on priority. He urged the provinces to ensure the implementation o
The rupee remained under pressure on Monday in both interbank and open markets against the US dollar mainly due to uncertainties linked with the revival of the IMF programme. The State Bank of Pakistan reported the dollar price appreciated by 84 paise to Rs281.61. The exchange companies, which deposit their surplus dollars in banks, quoted the dollar price at Rs284 in the interbank market. B