Category: Business

In the Tian-Shan Mountains of Kyrgyzstan, villagers have made an artificial glacier to provide water for their drought-hit farms. Standing on the ice hillock, farmer Erkinbek Kaldanov said he was optimistic about harnessing nature to counteract climate change. “We won’t have any more problems with water,” said the farmer, who was worried for his sheep […]

Health advocates have stressed the need for raising tobacco taxes, specifically targeting cigarettes, in order to curb smoking. In a statement, Malik Imran Ahmed, the Country Head of the Campaign for Tobacco-Free Kids (CTFK), said the policymakers can effectively curtail tobacco consumption by annual increments in cigarette taxes and making them less affordable over time.  […]

The caretaker government on Wednesday increased gas tariffs across Pakistan.  According to sources, there will be Rs100 per mmbtu increase for protected consumers, while non-protected consumers will experience a hike of Rs300 per mmbtu. Similarly, commercial consumers of gas will face a considerable Rs900 increase in prices per mmbtu, say sources.  The CNG sector is […]

The benchmark KSE-100 Index tumbled over 2 per cent during intraday trading on Monday as investors at the Pakistan Stock Exchange are grappling with the divided mandate emerging out of the Feb 8 elections and the resultant political uncertainty that will follow in the coming years. As the session began, the KSE-100 Index at point […]

A Chinese company Saturday handed over 160 high-end pure electric buses to Pakistan during a ceremony held in Suzhou Industrial Park in Jiangsu province. The value of the order exceeds RMB 150 million (Chinese currency), which is the first time that Pakistan has introduced pure electric buses in large quantities, China Economic Net (CEN) reported. Officials from […]

ISLAMABAD: The country’s power transmission system is being run on verbal instructions as there is no proper standard operating procedures (SOPs) in place, according to an investigation report of the last year’s countrywide power breakdown. The electric power transmission system that transmits electricity of Rs3,000 billion a year is found “highly vulnerable” in the report […]

KARACHI: Millions of kitchens in Karachi have gone cold as utilities are supplying the gas meant for domestic consumers to fertiliser plants blatantly ignoring the plight of the people, who are unable to cook food or keep their homes warm as winter takes a turn for the worse.    According to Geo News, a reduction in […]

LAHORE – A report of the inquiry commission formed to investigate the petroleum crisis has been presented in Lahore High Court (LHC) today (Monday). According to the points mentioned in the report, the commission revealed that the Ministry of Energy was not having complete record regarding the petroleum situation in the country. The Oil and […]

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet approved Prime Minister’s Rs24 billion Package to reduce input cost for farmers for the upcoming rabi season, with the intent of increasing wheat production. The approval came at a time when farmers were working on sowing rabi crops and the government’s timely intervention is estimated to […]