This acquisition, however, is subject to obtaining the requisite regulatory approvals. The principal business of Novatex is to manufacture and sell PET Resin and other types of Resin, PET Preforms and BOPET film.
Economy
On Thursday (July 7), the US dollar gained another Rs1.26 over the previous day and its value increased to Rs208.20 during intra-day trading in the inter-bank. In the open market, the greenback is being traded above 209 rupees.
The prime minister also laid the foundation stone of a Command and Control center for metro buses at Bhara Kahu. This center will be completed in six months.
The 969-megawatt Neelum-Jhelum hydropower project, finished at an estimated sanctioned cost of roughly Rs508 billion, has been shut down due…
Minister for Power Khurram Dastgir told media that the “Neelum-Jhelum is offline and the project will not contribute 969-MW of electricity to the national grid.
The US bank said that the assumptions for this forecast include a global recession, a lack of intervention by OPEC+ or some of its members to boost supply, and a drop in oil investments.
The United States government is eager to keep up its close partnership with Pakistan in order to tackle the problems…
According to the second GtG agreement, Pakistan will not be able to purchase two LNG contract cargoes from Qatar in…