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Nov 08, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-08-16
CM terms NICVD a world-class institute

CM terms NICVD a world-class institute

At a meeting with doctors on Tuesday, Chief Minister Syed Murad Ali Shah described the National Institute of Cardiovascular Diseases (NICVD) as a world class medical institution. Presiding over a meeting of the NICVD's governing body at the Chief Minister
Published 16 Aug, 2017 12:00am
Independence Day celebration at Meezan Bank

Independence Day celebration at Meezan Bank

Meezan Bank's team celebrated 70 years of the country's independence at its Head Office with great zeal. A flag hoisting ceremony was organised at the Bank's premises on Monday, which was attended by the Founding President & CEO of Meezan Bank Irfan Siddi
Published 16 Aug, 2017 12:00am
Jewellery, gems export down 26.33 percent

Jewellery, gems export down 26.33 percent

The country's export of Jewellery declined by 26.33 percent to $5.884 million last fiscal year 2017, official figures say. Fall in the Jewelry export stands at $2.103 million last fiscal year from $7.987 million in fiscal year 2016, Pakistan Bureau of Sta
Published 16 Aug, 2017 12:00am
Wapda chief visits Nai Gaj, Darawat dams

Wapda chief visits Nai Gaj, Darawat dams

The Pakistan Water and Power Development Authority (WAPDA) Chairman Lieutenant General Muzammil Hussain (retd) today visited Nai Gaj and Darawat dams located in Dadu and Jamshoro districts of Sindh province respectively.
Published 16 Aug, 2017 12:00am
Jahangir Siddiqui Government School opens in Thatta

Jahangir Siddiqui Government School opens in Thatta

Mahvash & Jahangir Siddiqui Foundation (MJSF) and Uqaily Family & Friends Association (UFFA) have collaborated to uplift an existing government school at Mori, district Thatta. The inauguration event of the Jahangir Siddiqui Government School was attended
Published 16 Aug, 2017 12:00am
Restoration of telecommunication system in SITE area demanded

Restoration of telecommunication system in SITE area demanded

President of the SITE Association of Industry (SAI) Asad Nisar Barkhurdaria has urged the Ministry of Telecommunication to take needed action against the PTCL officials and technical staff who failed in removing faults and restoring the telecommunication
Published 16 Aug, 2017 12:00am
Electronics goods worth Rs 166.15 million confiscated

Electronics goods worth Rs 166.15 million confiscated

Directorate General of Intelligence & Investigation (DGI&I)-FBR, Karachi has confiscated electronics goods worth Rs 166.15 million from a warehouse near Mai Kolachi Road Karachi.
Published 16 Aug, 2017 12:00am
Hub Industrial Area to have effluent treatment plant soon

Hub Industrial Area to have effluent treatment plant soon

Hub Industrial Area will have effluent treatment plant of international standard very soon as Balochistan government has given permission to the Balochistan Environmental Protection Agency (EPA). This was announced by EPA Balochistan's Director General, T
Published 16 Aug, 2017 12:00am
Independence Day marked at cattle market

Independence Day marked at cattle market

Administrator of the Asia's biggest cattle market-Karachi Maweshi Mandi, Syed Irshad presided over a flag hoisting ceremony organized by the administration to celebrate Pakistan's Independence Day with the traders. He hoisted the national flag on the occa
Published 16 Aug, 2017 12:00am
'Great nations celebrate Independence Day with enthusiasm'

'Great nations celebrate Independence Day with enthusiasm'

The Divisional Director Information Hyderabad, Khurshid Ali Shaikh has said that great nations always celebrate their Independence Day with zeal & enthusiasm so that coming generations could be aware of the importance of independence. He said that after g
Published 16 Aug, 2017 12:00am
IGP Sindh calls for inclusion of POs, absconders in ECL

IGP Sindh calls for inclusion of POs, absconders in ECL

Sindh Inspector General of Police (IGP) AD Khowaja on Tuesday directed his subordinates to adopt needed measures for inclusion of names of the proclaimed offenders and absconders in the Exit Control List (ECL) so that they could not flee the country.
Published 16 Aug, 2017 12:00am
Silkbank presents 'Us Gali Na Jawin'

Silkbank presents 'Us Gali Na Jawin'

Silkbank proudly presents a stage play "Us Gali Na Jawin" a solo performance by the legend of the film & TV fraternity Shakeel Sb aka Man of All seasons. Shakeel Sb has dedicated 50 years of his life towards Pakistani showbiz and has also been awarded wit
Published 16 Aug, 2017 12:00am
Second edition of IESS inaugurated at IBA

Second edition of IESS inaugurated at IBA

The inauguration of the second edition of The International Entrepreneurship Summer School (IESS) was held at Aman CED, IBA Main Campus. The IESS hosted by the IBA Aman Centre for Entrepreneurial Development (CED) stands apart in its diversity; aiming to
Published 16 Aug, 2017 12:00am
FINCA announces partnership with CallCourier

FINCA announces partnership with CallCourier

FINCA, one of the leading micro finance banks has announced strategic partnership with CallCourier, a Lahore based courier service. The partnership will enable collection of 'cash on delivery' by using SimSim digital wallet. The aim of the alliance is to
Published 16 Aug, 2017 12:00am
Ex-IGP Sindh files petition to halt reference in AC

Ex-IGP Sindh files petition to halt reference in AC

Former Sindh Inspector General of Police (IGP) Ghulam Haider Jamali filed on Tuesday a petition to halt a corruption reference against him in an accountability court (AC).
Published 16 Aug, 2017 12:00am
Pesco issues power shutdown notice

Pesco issues power shutdown notice

Power supply from 132 KV Peshawar City Grid Station will remain suspended due to maintenance work on August 16, 17, 19, 21 from 8:00 am to 2:00 pm resultantly consumers of 11 KV Nishtarabad, Chamkani, NHA, Jhagra, Chughal Pura feeders will face inconvenie
Published 16 Aug, 2017 12:00am
'Khadim-e-Punjab Sehat Khidmat Week' opens

'Khadim-e-Punjab Sehat Khidmat Week' opens

Punjab Minister for Primary & Secondary Health Kh Imran Nazir has inaugurated "Khadim-e-Punjab Sehat Khidmat Week" at Government Mian Mir Hospital on Tuesday. During this week blood screening of nine different diseases, medical checkup of pregnant women a
Published 16 Aug, 2017 12:00am
Premiere show of telefilm 'Project Peshawar' on August 20

Premiere show of telefilm 'Project Peshawar' on August 20

The premiere show of the multi-lingual international telefilm - Project Peshawar - will be held at Nishtar Hall, Peshawar, on August 20 ahead of its release in film festivals in the US, UK, Canada and Holland. The premier show, organised under the auspice
Published 16 Aug, 2017 12:00am
Independence Day celebrated at Pakistan mission in Kabul

Independence Day celebrated at Pakistan mission in Kabul

The 70th Independence Day of Pakistan was celebrated at the Embassy of Pakistan in Kabul with great national fervor and enthusiasm. The flag hoisting ceremony commenced with the recitation of the Holy Quran followed by the national anthem and hoisting of
Published 16 Aug, 2017 12:00am
Imran befooling masses in the name of merit, says PTI MPA

Imran befooling masses in the name of merit, says PTI MPA

Pakistan Tehreek-e-Insaf (PTI) disgruntled MPA and erstwhile provincial minister for mineral development, Ziaullah Afridi said that Imran Khan was fooling people of other provinces in the name of merit, while referring to the party chief's speech in Liaqu
Published 16 Aug, 2017 12:00am
'Safe giving, safe living' FCCI to launch series of awareness seminars

'Safe giving, safe living' FCCI to launch series of awareness seminars

There is a dire need to save Rs 650 billion Zakat in addition to Rs 8.5 billions made through the hides of sacrificial animals from falling in the hands of terrorists and undeserving elements. In this connection, Faisalabad Chamber of Commerce and Industr
Published 16 Aug, 2017 12:00am
PM summons NSC meeting

PM summons NSC meeting

Prime Minister Shahid Khaqan Abbasi has summoned a meeting of the National Security Committee (NSC) here on Wednesday. Prime Minister Shahid Khaqan Abbasi will chair the meeting while concerned federal ministers, high-level military leadership and heads o
Published 16 Aug, 2017 12:00am
Babar denies any secret contacts between Zardari, Nawaz

Babar denies any secret contacts between Zardari, Nawaz

Co-Chairman of the Pakistan People's Party (PPP) Asif Ali Zardari is the leader and decides which city of the country to land in. This was stated by President of PPP Central Punjab Qamar Zaman Kaira in response to a query by this correspondent as to wheth
Published 16 Aug, 2017 12:00am
CPEC a game changer for Pakistan, entire region: PM

CPEC a game changer for Pakistan, entire region: PM

Prime Minister Shahid Khaqan Abbasi Tuesday said China Pakistan Economic Corridor (CPEC) was a game changer, not only for Pakistan but for the entire region. "The CPEC projects are testament to the ever strengthening China-Pakistan relations and will also
Published 16 Aug, 2017 12:00am
Two air commodores promoted to AVM rank

Two air commodores promoted to AVM rank

Two air commodores of Pakistan Air Force (PAF) have been promoted to the rank of air vice-marshal on Tuesday by the government, said a statement released by the PAF. Hamid Rashid Randhawa and Nasserul Haq Wyne were promoted as air vice-marshals.
Published 16 Aug, 2017 12:00am
CTG setting up six power projects in Pakistan

CTG setting up six power projects in Pakistan

China Three Gorges Corporation (CTG) is actively engaged to install its six power projects in Pakistan, having total capacity of 2733MW, said Sheng Zhendong, a Corporation's senior official.
Published 16 Aug, 2017 12:00am
60 PML-N MPs reluctant to endorse Kulsoom's candidacy?

60 PML-N MPs reluctant to endorse Kulsoom's candidacy?

Around 60 parliamentarians have expressed serious reservations at the 'disturbing' revelations in the Joint Investigation Team's report and are reluctant to endorse Kulsoom Nawaz's candidacy in the vacated NA 120 seat which, they argue, would bring the di
Published 16 Aug, 2017 12:00am
Nawaz's mass contact drive may begin from KP

Nawaz's mass contact drive may begin from KP

Former prime minister Nawaz Sharif has decided to reach out to party workers and office-bearers as a part of his mass-contact drive across the country to spread the message of PML-N. The decision was taken in a consultative meeting held at Raiwind residen
Published 16 Aug, 2017 12:00am
PPDWP approves two uplift schemes

PPDWP approves two uplift schemes

The Punjab Provincial Development Working Party (PPDWP) approved two development schemes with an estimated cost of Rs 51.067 million in its 11th meeting of current fiscal year 2017-18 presided over by Chairman P&D Muhammad Jahanzeb Khan.
Published 16 Aug, 2017 12:00am
Crackdown against wheelie launched in Islamabad

Crackdown against wheelie launched in Islamabad

Islamabad Traffic Police (ITP) have taken action against 3,262 motorcyclists in a crackdown against one-wheeling, use of heavy silencers and racing on main roads from August 11 to August 14. A senior official of ITP said that during the drive, ITP Special
Published 16 Aug, 2017 12:00am
PTI challenges Sindh government's anti-NAO bill

PTI challenges Sindh government's anti-NAO bill

Pakistan Tehreek-e-Insaf (PTI) on Tuesday challenged Sindh government's National Accountability Ordinance 1999, Repeal Bill 2017 in Sindh High Court (SHC). PTI's Sindh President Arif Alivi, MPA Khurrum Sher Zaman and Ali Zaidi reached SHC and filed separa
Published 16 Aug, 2017 12:00am
Tickets awarding: PTI announces parliamentary boards for Punjab, KP

Tickets awarding: PTI announces parliamentary boards for Punjab, KP

Pakistan Tehreek-e-Insaf (PTI) is preparing for the 2018 general elections and has announced the constitution of parliamentary boards in Punjab and Khyber-Pakhtunkhwa for awarding party tickets. This was stated by PTI Central Information Secretary Shafqat
Published 16 Aug, 2017 12:00am
Trump must not take N Korea lightly

Trump must not take N Korea lightly

Chinese President Xi Jinping is said to have urged US President Donald Trump to avoid rhetoric that could inflame tensions with North Korea as an escalating war of words has raised global alarm. According to media reports, Xi has made the plea in a phone
Published 16 Aug, 2017 12:00am
Fun with numbers
Exchange

Fun with numbers

Not many days ago, we were treated to a battle of numbers between economists from the private sector and those managing the economy within the government. In fact, there were two separate skirmishes if I recall correctly, one with the research team of thi
Published 16 Aug, 2017 12:00am
Profundity of OBOR
Exchange

Profundity of OBOR

Reaction to China's One Belt One Road (OBOR) initiative continues to be mixed, with some countries even suspecting Beijing's true geopolitical intentions. In the West, some responsible leaders are still expressing concerns about what they believe to be a
Published 16 Aug, 2017 12:00am
Institutional dialogue

Institutional dialogue

The Senate on August 10, 2017 proposed an intra-institutional dialogue amongst the military, judiciary, parliament and the executive on the way forward after the disqualification of former prime minister Nawaz Sharif and the subsequent political fallout o
Published 16 Aug, 2017 12:00am
Worrisome indicators
Exchange

Worrisome indicators

Upgradation of Pakistan's stock market to MSCI emerging markets index, as opposed to MSCI Frontier Markets Index, on 1st June 2017 was expected to be marked by a significant rise in the inflow of foreign capital and instead data reveals that foreign inves
Published 16 Aug, 2017 12:00am
Taliban warn Trump against troop increase in open letter

Taliban warn Trump against troop increase in open letter

The Taliban published an open letter to US President Donald Trump on Tuesday warning him against sending more American forces to Afghanistan. The statement called for the complete withdrawal of foreign forces from the war-torn country and comes as Trump w
Published 16 Aug, 2017 12:00am
Taliban warn Trump against troop increase in open letter

Taliban warn Trump against troop increase in open letter

The Taliban published an open letter to US President Donald Trump on Tuesday warning him against sending more American forces to Afghanistan. The statement called for the complete withdrawal of foreign forces from the war-torn country and comes as Trump w
Published 16 Aug, 2017 12:00am
Bank account details: FBR warns taxpayers of fake emails

Bank account details: FBR warns taxpayers of fake emails

The Federal Board of Revenue (FBR) has strictly advised taxpayers and general public not to send their bank account details and passwords to any e-mail received from any e-mail address that is apparently from the FBR. According to an FBR announcement here
Updated 16 Aug, 2017 11:11am
Bank account details: FBR warns taxpayers of fake emails

Bank account details: FBR warns taxpayers of fake emails

The Federal Board of Revenue (FBR) has strictly advised taxpayers and general public not to send their bank account details and passwords to any e-mail received from any e-mail address that is apparently from the FBR. According to an FBR announcement here
Published 16 Aug, 2017 12:00am
Bank account details: FBR warns taxpayers of fake emails

Bank account details: FBR warns taxpayers of fake emails

The Federal Board of Revenue (FBR) has strictly advised taxpayers and general public not to send their bank account details and passwords to any e-mail received from any e-mail address that is apparently from the FBR. According to an FBR announcement here
Updated 16 Aug, 2017 11:00am
The Weather

The Weather

The weather report on Tuesday (August 15, 2017) and the forecast for Wednesday (August 16, 2017).

Published 16 Aug, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (August 15, 2017).

Published 16 Aug, 2017 12:00am
Modi shows growing belligerence

Modi shows growing belligerence

India is strong enough to defend its borders against any threat, Prime Minister Narendra Modi said in an Independence Day speech as the nation faces a frontier showdown with China and aggravated tensions with Pakistan. "Security is our top priority," Modi
Published 16 Aug, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (August 15, 2017).

Published 16 Aug, 2017 12:00am
Modi shows growing belligerence

Modi shows growing belligerence

India is strong enough to defend its borders against any threat, Prime Minister Narendra Modi said in an Independence Day speech as the nation faces a frontier showdown with China and aggravated tensions with Pakistan. "Security is our top priority," Modi
Published 16 Aug, 2017 12:00am
Non-resident firm: Lahore LTU seeks legal guidance on levy of Super Tax

Non-resident firm: Lahore LTU seeks legal guidance on levy of Super Tax

Large Taxpayer Unit (LTU) Lahore has sought legal guidance from the Federal Board of Revenue (FBR) on whether or not Super Tax under Section 4B of the Income Tax Ordinance, 2001 be imposed on ''income'' in addition to 10 percent tax against ''dividend'' a
Published 16 Aug, 2017 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Tuesday (August 15, 2017).

Published 16 Aug, 2017 12:00am
Non-resident firm: Lahore LTU seeks legal guidance on levy of Super Tax

Non-resident firm: Lahore LTU seeks legal guidance on levy of Super Tax

Large Taxpayer Unit (LTU) Lahore has sought legal guidance from the Federal Board of Revenue (FBR) on whether or not Super Tax under Section 4B of the Income Tax Ordinance, 2001 be imposed on 'income' in addition to 10 percent tax against 'dividend' alone
Published 16 Aug, 2017 12:00am
Non-resident firm: Lahore LTU seeks legal guidance on levy of Super Tax

Non-resident firm: Lahore LTU seeks legal guidance on levy of Super Tax

Large Taxpayer Unit (LTU) Lahore has sought legal guidance from the Federal Board of Revenue (FBR) on whether or not Super Tax under Section 4B of the Income Tax Ordinance, 2001 be imposed on 'income' in addition to 10 percent tax against 'dividend' alone
Published 16 Aug, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (August 15, 2017).

Published 16 Aug, 2017 12:00am
UK to seek ''temporary customs union'' after Brexit

UK to seek ''temporary customs union'' after Brexit

Britain said Tuesday that it would seek a "temporary customs union" with the European Union after Brexit, in an opening gambit for trade negotiations that received a cool response from Brussels. The government proposed to continue for around two years the
Published 16 Aug, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (August 15, 2017).

Published 16 Aug, 2017 12:00am
UK to seek 'temporary customs union' after Brexit

UK to seek 'temporary customs union' after Brexit

Britain said Tuesday that it would seek a "temporary customs union" with the European Union after Brexit, in an opening gambit for trade negotiations that received a cool response from Brussels. The government proposed to continue for around two years the
Published 16 Aug, 2017 12:00am
UK to seek 'temporary customs union' after Brexit

UK to seek 'temporary customs union' after Brexit

Britain said Tuesday that it would seek a "temporary customs union" with the European Union after Brexit, in an opening gambit for trade negotiations that received a cool response from Brussels. The government proposed to continue for around two years the
Published 16 Aug, 2017 12:00am
PM appoints five special assistants

PM appoints five special assistants

Prime Minister Shahid Khaqan Abbasi Tuesday appointed five new special assistants. A statement from the PM Office said the special assistants include Barrister Zafarullah, Miftah Ismail, Dr Asif Kirmani, Dr Mussadiq Malik and Kh Zaheer Ahmad. Their portfo
Published 16 Aug, 2017 12:00am
THE RUPEE: steadier trend

THE RUPEE: steadier trend

Firmness persisted on the money market on Tuesday as rates held the overnight levels in the process of trading, dealers said. The rupee did not move any side in relation to the dollar for buying and selling at Rs 106.70 and Rs 106.90 respectively, however
Published 16 Aug, 2017 12:00am
PM appoints five special assistants

PM appoints five special assistants

Prime Minister Shahid Khaqan Abbasi Tuesday appointed five new special assistants. A statement from the PM Office said the special assistants include Barrister Zafarullah, Miftah Ismail, Dr Asif Kirmani, Dr Mussadiq Malik and Kh Zaheer Ahmad. Their portfo
Published 16 Aug, 2017 12:00am
THE RUPEE: steadier trend

THE RUPEE: steadier trend

Firmness persisted on the money market on Tuesday as rates held the overnight levels in the process of trading, dealers said. The rupee did not move any side in relation to the dollar for buying and selling at Rs 106.70 and Rs 106.90 respectively, however
Published 16 Aug, 2017 12:00am
LHC halts PAT's planned sit-in

LHC halts PAT's planned sit-in

The Lahore High Court has halted the Pakistan Awami Tehreek to hold sit-in at Mall Road in Lahore. Pakistan Awami Tehreek chairman Tahirul Qadri has announced to stage a women-sit at Mall Road today (August 16) against the police atrocities in 2014 that h
Published 16 Aug, 2017 12:00am
LHC halts PAT's planned sit-in

LHC halts PAT's planned sit-in

The Lahore High Court has halted the Pakistan Awami Tehreek to hold sit-in at Mall Road in Lahore. Pakistan Awami Tehreek chairman Tahirul Qadri has announced to stage a women-sit at Mall Road today (August 16) against the police atrocities in 2014 that h
Published 16 Aug, 2017 12:00am
NEC reconstituted

NEC reconstituted

The federal cabinet has issued a notification for reconstitution of National Economic Council (NEC) with Prime Minister Shahid Khaqan Abbasi in the chair. The notification stated that in exercise of power conferred upon article 156 of the Constitution, th
Published 16 Aug, 2017 12:00am
NEC reconstituted

NEC reconstituted

The federal cabinet has issued a notification for reconstitution of National Economic Council (NEC) with Prime Minister Shahid Khaqan Abbasi in the chair. The notification stated that in exercise of power conferred upon article 156 of the Constitution, th
Published 16 Aug, 2017 12:00am
NEC reconstituted

NEC reconstituted

The federal cabinet has issued a notification for reconstitution of National Economic Council (NEC) with Prime Minister Shahid Khaqan Abbasi in the chair. The notification stated that in exercise of power conferred upon article 156 of the Constitution, th
Published 16 Aug, 2017 12:00am
Has Dar lost some of his gloss?

Has Dar lost some of his gloss?

Finance Minister Ishaq Dar''s influence in decision-making appears to have decreased after the Supreme Court judgment in the Panama case and he is no longer visible as he was before. Supreme Court of Pakistan has directed National Accountability Bureau (N
Published 16 Aug, 2017 12:00am
Has Dar lost some of his gloss?

Has Dar lost some of his gloss?

Finance Minister Ishaq Dar's influence in decision-making appears to have decreased after the Supreme Court judgment in the Panama case and he is no longer visible as he was before. Supreme Court of Pakistan has directed National Accountability Bureau (NA
Published 16 Aug, 2017 12:00am
Has Dar lost some of his gloss?

Has Dar lost some of his gloss?

Finance Minister Ishaq Dar's influence in decision-making appears to have decreased after the Supreme Court judgment in the Panama case and he is no longer visible as he was before. Supreme Court of Pakistan has directed National Accountability Bureau (NA
Published 16 Aug, 2017 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 16 Aug, 2017 12:00am
Prohibited weapons: 90-day grace period given to licence holders

Prohibited weapons: 90-day grace period given to licence holders

Federal Cabinet has decided to revalidate data regarding licences issued and gave a 90-day grace period to all licence holders of prohibited weapons for registration with Nadra. A meeting of Federal Cabinet chaired by the New Prime Minister Shahid Khaqan
Published 16 Aug, 2017 12:00am
Prohibited weapons: 90-day grace period given to licence holders

Prohibited weapons: 90-day grace period given to licence holders

Federal Cabinet has decided to revalidate data regarding licences issued and gave a 90-day grace period to all licence holders of prohibited weapons for registration with Nadra. A meeting of Federal Cabinet chaired by the New Prime Minister Shahid Khaqan
Published 16 Aug, 2017 12:00am
Profit margins of OMCs: Ogra opposed to proposed deregulation

Profit margins of OMCs: Ogra opposed to proposed deregulation

The Oil and Gas Regulatory Authority (Ogra) is strongly opposed to the proposed deregulation of profit margins of oil marketing companies (OMCs) and petroleum dealers, fearing that the move will encourage them to form a cartel and fix retail prices at the
Published 16 Aug, 2017 12:00am
Profit margins of OMCs: Ogra opposed to proposed deregulation

Profit margins of OMCs: Ogra opposed to proposed deregulation

The Oil and Gas Regulatory Authority (Ogra) is strongly opposed to the proposed deregulation of profit margins of oil marketing companies (OMCs) and petroleum dealers, fearing that the move will encourage them to form a cartel and fix retail prices at the
Published 16 Aug, 2017 12:00am
Profit margins of OMCs: Ogra opposed to proposed deregulation

Profit margins of OMCs: Ogra opposed to proposed deregulation

The Oil and Gas Regulatory Authority (Ogra) is strongly opposed to the proposed deregulation of profit margins of oil marketing companies (OMCs) and petroleum dealers, fearing that the move will encourage them to form a cartel and fix retail prices at the
Published 16 Aug, 2017 12:00am
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