Islamabad: When the Prime Minister of Malaysia, Yang Amat Berhormat Tun Dr Mahathir Mohamad visited Pakistan for the country’s Resolution Day Celebrations in March this year, he gifted the Prime Minister of Pakistan, His Excellency Mr Imran Khan, a unit of the Proton X70 during a ceremonial plaque signing ceremony…. Continue reading
KARACHI: A constitutional petition filed by Messrs Aziz Products was disposed of by a custom appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Mahmood A Khan with the direction to the Special Customs Appellate Tribunal to decide the appeal in two months time…. Continue reading
LONDON: Gresham House Energy Storage Fund has acquired two operational battery storage facilities totalling 50MW from VLC Energy for £29.2 million. The acquisition increases the total capacity of operational utility-scale battery storage projects in the Fund’s investment portfolio to 125MW. The facilities comprise a 40MW facility at Glassenbury, Kent, and… Continue reading
CALGARY, ALBERTA: Touchstone Exploration Inc. has made a significant crude oil discovery with the Cascadura-1ST1 well on the Ortoire exploration block, onshore in the Republic of Trinidad and Tobago. The Company expects to complete and test the Cascadura-1ST1 well in the first quarter of 2020. Cascadura is the second prospect… Continue reading
LONDON: iSupply Energy Ltd will pay £1.5 million for overcharging around 4,400 of its customers on default tariffs. iSupply also failed to alert the regulator and put things right quickly. The price cap for 11 million customers on default tariffs came into force on 1 January 2019. All suppliers are… Continue reading
LONDON: Yü Group, the independent supplier of gas, electricity and water focused on servicing the business sector throughout the UK, has entered into a new structured trading agreement with SmartestEnergy Limited. The Group has, until now, relied on a number of trading arrangements to access wholesale electricity and gas commodity… Continue reading
LONDON: Kier Group plc has announced the appointment of Matthew Lester as Chairman of its board of directors, with effect from 1 January 2020. In his executive career, Mr. Lester was the Group Chief Financial Officer of Royal Mail plc from 2010 to 2017, having previously been the Group Finance… Continue reading
KARACHI: There are several misconceptions about the implications of international investors’ investments in the debt markets of Pakistan. State Bank of Pakistan would like to clarify as under: 1. International investors have been investing in Pakistan’s equity markets for a long time. Such investments are considered portfolio investments, just like… Continue reading
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