Sindh govt to bear Rs600 million on wheat subsidy
The Government of Sindh has decided to reduce price of wheat from Rs. 2850 per 100 kg to Rs 2800 per 100 kg and there will be an overall subsidy of Rs. 600 million to be borne by the provincial government. more... (BR)
Court orders freezing CNG prices till Dec 5
Supreme Court of Pakistan has rejected a recommendation report by the Oil and Gas Regulatory Authority (Ogra), ordering that the current CNG price be maintained until Dec 5, media reported.
Price of CNG will be maintained at Rs61.64 per kg in Region 1 (Potohar, Khyber-Pakhtunkhwa, and Balochistan) and at Rs54.16 per kg in Region 2 (Sindh, Punjab, and its areas excluding Potohar). more... (FD)
Gas-based fertiliser plants profitability dips by 139%
Sui Northern Gas Pipelines Limited (SNGPL) based fertilizer plants including Agritech, DH Fertilizers, PakArab, Engro’s new plant as well as Sui Southern Gas Company (SSGC) based Fauji Fertilizer Bin Qasim Limited (FFBL) lost profitability by 139 percent with a collective loss of Rs 4.8 billion during last nine months. more... (DT)
Oil prices review: ECC to take decision in the next meeting
The Economic Coordination Committee (ECC), in its next meeting, is all set to take a decision on oil prices review following a resolution passed by the Parliament switching to monthly prices mechanism instead of weekly determination. more... (ET)
After 18 months, US-Pakistan dialogue on economics, finance to resume
After a gap of 18 months, Pakistan and the United States are set to hold the first meeting of the working group on economics and finance under the US-Pakistan Strategic Dialogue aimed at finding common ground on wide-ranging economic issues.The meeting will be convened in Washington on November 29-30, according to officials of the Ministry of Finance. more... (ET)
‘Pakistan keen to strengthen bilateral trade with Japan’
President Asif Ali Zardari on Tuesday said that Pakistan was looking forward to Japan’s long-term engagement in the development of its agro-industry through land development, high quality seeds, crop farming, cultivation, dairy and fisheries.
The president was talking to Japanese Ambassador Hiroshi Oe, who called on him here at the Aiwan-e-Sadr.