Minister Confirms Saudi Arabia Exploring $100M Investment in Pakistan’s Mining Sector
Saudi Mining Minister Bandar Alkhorayef told Reuters on Wednesday that Saudi Arabian mining company Manara Minerals was looking at investing in Balochistan’s Reko Diq mine. He added that the Saudi Development Fund could contribute over $100 million to Pakistan’s mining infrastructure. “Part of what we are
Refineries barred from adjusting tax
Amendment termed detrimental to refinery operations that will increase cost KARACHI: The government has barred oil refineries from adjusting the input tax paid on the purchase of crude oil to the sales tax on petrol, high-speed diesel, light diesel oil and kerosene –
Local, foreign firms to forge partnerships
Collaboration to help auto sector compete well in global market LAHORE: Local and international auto parts manufacturers have agreed to collaborate and in this regard several companies signed memoranda of understanding (MoUs) for future partnerships. These collaborations will help Pakistan’s auto sector to
National task force kicks off major reforms in electricity supply
Consumers will soon buy electricity from multiple suppliers, decreasing reliance on a single distributor The National Task Force has launched a series of reforms in the power sector, confirmed the chairman on Wednesday. Owais Laghari, the Chairman of the Task Force and Federal