Beyond The Time News

Moonis Alvi steps down as K-Electric CEO

Moonis Alvi has resigned from his position as Chief Executive Officer of K-Electric, the company’s spokesperson confirmed. The information has been formally shared with the Pakistan Stock Exchange, according to K-Electric. In a statement on X, Moonis Alvi said institutions are always greater than individuals, and the organisation’s improvement has remained his top priority. “After…

Pakistan-Jordan agree to pursue preferential trade agreement

Pakistan and Jordan have agreed to pursue a preferential trade agreement (PTA) and significantly expand bilateral cooperation across 16 priority sectors, ranging from trade, finance and industry to climate change, maritime affairs, health, technology and education, as the two countries signed the protocol to translate long-standing historical, political and diplomatic ties into measurable economic and…

Pakistan seeks extension of $1.2bn deferred oil payment facility from Saudi Arabia

Islamabad: Pakistan has requested Saudi Arabia to extend its deferred oil payment facility worth $1.2 billion, seeking to ease pressure on the country’s balance of payments, sources said on Wednesday. According to officials, Pakistan has asked the Saudi Fund for Development to defer oil import payments for an additional year. Petroleum imports—primarily sourced from Saudi…