The Energy Department has revealed that savings of revised or ending contracts for 29 independent power producers (IPPS) and government power stations (GPPS) will reach 3,498 trillion rupee during their remaining period, which ranges from 3 to 20 years, according to a news report. During a meeting of the permanent committee, headed by Senator Mohsen … Read more
The federal cabinet, headed by Prime Minister Shehbaz Sharif, has approved revised agreements with 14 independent power producers, a move that is expected to bring down electricity prices by Rs 10-11 per unit. The renegotiated contracts are set to save 802 billion rupees by reducing profits and costs of independent power projects, while deducting an … Read more
The Appellate Tribunal of Inland Revenue (ATIR) in Islamabad has ruled that commissioners are no longer eligible to file appeals under the amended Section 131 of the Income Tax Act, 2001. The court clarified that the term “commissioner” does not fall under the definition of “person”. “As defined in Article 2 (42), read with Article … Read more
Agritech Limited has received a revised public offer from Fauji Fertilizer Company Limited (FFC) to acquire up to 151,052,013 ordinary shares, with the offer price increasing from Rs 38.84 to Rs 39.05 per share, the company announced in a share filing on Tuesday. The revised offer, which aims to secure approximately 35.57% of AGL’s total … Read more