Heavy Electric Complex News Today

For the last few months, privatization has been a key component of economic news. The previous government, interim...

ISLAMABAD - Federal Minister for Finance and Revenue Miftah Ismail on Wednesday underscored the need of accelerating the process of privatization of loss-making state

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ISLAMABAD: The Pri­va­t­isation Commission annou­nced on Wednesday that the earnest money of Rs50 million for ...

The Economic Coordination Committee (ECC) of the Cabinet has decided to cancel the seventh and eighth wheat import tender due to high prices as wheat soared to 9 year high in the international market. The meeting presided over by Economic Affairs Minister Omar Ayub deferred the decision about increasing profit margins of oil marketing companies and petroleum dealers amid a strike called by the dealers this week against low margins. Petroleum dealers have warned that they would begin a nationwide...

ISLAMABAD: The Natio­nal Assembly’s Standing Committee on Privatisation on Thursday sought a report on the downfall of the public sector entity, Heavy Electric Complex (HEC), which is under the process of privatisation. A meeting of the committee chaired by MNA Syed Mustafa Mahmud recommended that the bidding process of HEC should be transparent in all respect. HEC was put on active privatisation list in August 2019 and the Cabinet Committee on Privatisation had approved sale of all (96....