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E&P firms seek release of Rs1.5tr dues

[ Ask govt to intervene, say financial strain forcing them to scale back uplift projects ISLAMABAD: Oil and gas exploration and production (E&P) companies have expressed serious concern over alleged default on payments by the public gas utilities and have sought the government’s intervention to resolve the matter. These companies have drawn attention of the … Read more

Pakistan, Philippines can boost pharma trade to $1b

[ Pharmaceutical companies. Photo: Reuters ISLAMABAD: Pakistan and the Philippines have the potential to expand bilateral trade in the pharmaceutical and biological sector to $1 billion, with both countries needing to diversify commerce by focusing on modern medicines, vaccines and medical tools, said Pakistani business tycoon in the Philippines Abdul Razzaq Siddiq. Talking to the … Read more

Guterres warns against undermining global ties

UN Secretary-General Antonio Guterres speaks at the ReutersNEXT Newsmaker event in New York City, New York, US, November 8, 2023. PHOTO: REUTERS UNITED NATIONS: Powerful forces are lining up to undermine global cooperation, United Nations Secretary-General Antonio Guterres warned at a landmark event in London on Saturday to commemorate the 80th anniversary of the UN … Read more

Late rally propels PSX above 185,000

[ Foreign funds would divert their liquidity into buying Pakistan’s stocks. This would merely increases prices of shares and be profitable for those who already hold stocks. PHOTO: FILE KARACHI: The Pakistan Stock Exchange (PSX) wrapped up the outgoing week on a firm footing as a late-session rally helped the benchmark KSE-100 index post modest … Read more

NASA moves moon rocket to launch pad

. NASA on Saturday rolled out its towering SLS rocket and Orion spacecraft. Photo: AFP KENNEDY SPACE CENTER: NASA on Saturday rolled out its towering SLS rocket and Orion spacecraft as it began preparations for its first crewed mission to the Moon in more than 50 years. The maneuver, which takes up to 12 hours, … Read more

PHDEC opens new office

[ Ministry asked to appoint a regular CEO for PHDEC’s smooth running. PHOTO: ONLINE KARACHI: Pakistan Horticulture Development and Export Company (PHDEC) has formally inaugurated its Field Office in Sargodha Chamber of Commerce and Industries, Sargodha, marking a significant step toward strengthening on-ground support for Pakistan’s citrus growers and exporters. A ccording to a statement … Read more