Page 2 - Heavy Electrical Complex News Today

ISLAMABAD: The government has concluded the privatisation of the Heavy Electrical Complex (HEC) after handing over the share certificates to the buyer M/S IMS Engineering (Pvt) Limited on Tuesday. In a final settlement of the Rs1.4 billion transaction, the buyer IMS Engineering has not only made full payment but has also taken over additional liabilities of Rs752 million payable to the Bank of Khyber, a statement by the Privatization Commission

PSM has suffered loss of Rs18m due to stealing of machinery, assets since 2021

ISLAMABAD: Finance Ministry is all set to share its plan on floating of international and domestic green bonds and...

IMF asks caretaker govt to implement terms of $3b standby pact

ECC turns down industries ministry request to review land transfer decision

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved Rs157.7 million for the Heavy...

ISLAMABAD: The Economic Coordination Committee of the Cabinet has approved the framework agreement between Pakistan LNG Limited and the State Oil Company of Azerbaijan Republic for LNG import and...

Gas purchase from Azerbaijan will help bridge energy shortages

ISLAMABAD-The Economic Coordination Committee (ECC) of the Cabinet has allowed Pakistan Liquefied Natural Gas (LNG) Limited to execute the proposed framework agreement with State Oil Company of Azerbaijan Republic (SOCAR).The ECC meeting, chaired by Federal Minister for Finance and Revenue Ishaq Dar, considered a summary of Ministry of Energy (Petroleum Division) regarding the framework agreement between Pakistan LNG Limited (PLL) and State Oil...

ECC directs Ministry of Petroleum to determine LNG needs at least three months in advance on rolling basis