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Pakistan State Oil Limited has recorded highest ever turnover of Rs 1.4 trillion in the FY 2014 against Rs 1.3 trillion in FY 2013 showing an increase of 9 percent besides maintaining overall market leadership by 62 percent, despite higher finance cost borne by the company owing to the burgeoning circular debt. PSO Deputy Managing Director and Head of Finance and IT, Sohail Ahmed Butt said this while speaking at a Corporate Briefing Programme held at the Lahore Stock Exchange (LSE) on Wednesday.

Zakaria Usman, President, Federation of Pakistan Chambers of Commerce and Industries (FPCCI), has appointed Shabbir H Sulemanjee as Chairman of the FPCCI's Standing Committee on Compressed Natural Gas (CNG) for the year 2014. The notification said: "I am pleased to appoint you as chairman of FPCCI's Standing Committee on Compressed Natural Gas for the remaining term of 2014 with effect from 6th September 2014." Shabbir is also currently the Chairman, of All Pakistan CNG Association (Sindh Zone) (APCNGA).
Transparency International Pakistan has thanked National Electric Power Regulatory Authority's Vice-Chairman Habibullah Khilji for accepting the fact that Nepra has violated Nepra Act 1997, and condoned (illegally) the period of 15 days allowed to the Federal Government under Regulation 3(2) of Nepra (Review Procedure) Regulations 2009, by more than eight months, ie from June 30, 2013 to February 11, 2014.
The Chief Executive Officer of Buksh Foundation and Director Buksh Energy Pvt Ltd Fiza Farhan has been nominated as the "Future Energy Leader" at the World Energy Council, in recognition of her efforts for the growth of Renewable-Energy sector in Pakistan. Fiza is a passionate and devoted entrepreneur, who has successfully played a leading role as a specialist in the Renewable Energy sector.
The Liquefied Petroleum Gas (LPG) marketing companies on Tuesday increased the price of the commodity by Rs 10 per kg. The marketing companies within the last six days have increased the commodity price by Rs 25 per kg, taking it to Rs 160 per kg from Rs 135 in Islamabad and Rawalpindi.
KP Chief Minister Pervez Khattak has said that the provincial government has prepared a comprehensive strategy for production of energy from hydel potentials and reserves of oil and gas to arrest the prevailing energy crisis in the province and country.
With a healthy growth of 89 percent, net profit of K-Electric reached Rs 12.88 billion during the last fiscal year (FY14) as compared to Rs 6.82 billion earned in the previous year (FY13). As the power utility has earned a healthy profit, the company board after a gape of 19 years proposed a 15 percent dividend only for minority shareholders. However, the proposed cash dividend for minority shareholders is subject to waiver from all the majority shareholders (GoP, KESP, IFC and ADB).

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 15, 2014
Reserves $13.414 bln