Category: Business

ISLAMABAD: In a majority decision, the National Electric Power Regulatory Authority (Nepra) on Thursday notified an increase of 84-paisa per unit increase in electricity rates for ex-Wapda distribution companies (Discos) to generate about Rs12 billion additional revenue. The increase was allowed on account of monthly fuel cost adjustment (FCA) for electricity consumed in July and […]

KARACHI: The stock market extended rally for the third straight day on Thursday with the benchmark KSE-100 index accumulating another 503.66 points (1.26 per cent) and close at 40,353.62. It opened positive and remained bullish for all of the day with the index hitting intraday high by 562 points. The benchmark roared past the 40,000-level […]

KARACHI: Securities and Exchange Commission of Pakistan Chairman (SECP) Amir Khan on Tuesday said that all the requirements of Financial Action Task Force (FATF) have been met and suspicious transactions related to money laundering and ­terror financing are being monitored efficiently. “All the conditions of FATF have largely been met, there is no regulatory requirement […]

• Step aimed at absorbing surplus re-liquefied natural gas• ECC meets today to consider revising subsidised prices of essential items ISLAMABAD: Amid supply chain challenges that affected the compressed natural gas (CNG) sector in the past, the government is set to allow new licences to CNG stations purely on the basis of imported re-gasified liquefied natural […]

RAWALPINDI: The business community of Rawalpindi has expressed concerns over the growing political uncertainty, saying it will ultimately affect the national economy. It urged the government to resolve issues amicably. Talking to different trade delegations, Rawalpindi Chamber of Commerce and Industry (RCCI) President Mohammad Nasir Mirza said the business community had grave concerns over the […]

ISLAMABAD: Prime Minister Imran Khan on Tuesday said the government would ensure abundant availability of wheat and sugar in the country and directed the relevant departments for complete crackdown against those involved in hoarding of essential commodities. He said this during a meeting to review wheat and sugar stocks, availability, demand and supply, import to […]

Stocks took another hammering on Monday, with the benchmark KSE-100 index bleeding 998 points (2.49 per cent) by the day’s end to close below the 40,000 level at 39,072.47. Equities remained under pressure throughout the session and the market fell as low as 38,865.10. The index touched the day’s high at 40,070.83 points. Trading volume […]

ISLAMABAD: Majority of Pakistanis continue to fear that the country is heading in the wrong direction since last year, claims a survey. France-based organisation lpsos, in its survey titled “Consumer Confidence Survey in Pakistan”, released on Sunday claimed that four in five Pakistanis continued to fear that the country was heading in the wrong direction […]

LAHORE: Growers are losing billions to the powerful sugar manufacturers from south Punjab and Sindh because of reluctance of provincial governments to enforce the law requiring the mill owners to pay ‘quality premium’ to them on the recovery of higher than the base-level sucrose content of 8.7 per cent during any given crushing season. The […]

The revival of demand after the lockdown has brought back investors to the auto market along with the menace of “on money” or premium. Impatient buyers with excess cash in hand happily pay extra money to car dealers for instant delivery instead of waiting for months on end. Another factor that triggered the “on money” […]