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Israel-Hamas conflict damaging regional economies, warns IMF chief

Israel-Hamas conflict damaging regional economies, warns IMF chief

The ongoing conflict between Israel and Hamas is not only causing human suffering but also taking a toll on regional…
K-Electric gets highest federal subsidy of Rs169bn

K-Electric gets highest federal subsidy of Rs169bn

KE subsidy is being fulfilled by federal budget. Iesco, Lesco and Fesco subsiding other Discos. KE says gas supply to…
Rupee depreciates on low dollar inflows for second consecutive month

Rupee depreciates on low dollar inflows for second consecutive month

Country’s ability to generate dollar loans shrank to normal: official. Loans disbursement remained low in last 2 months. Pakistan secured…
Karachi’s iconic Regent Plaza hotel gets Rs14.5bn offer from SIUT

Karachi’s iconic Regent Plaza hotel gets Rs14.5bn offer from SIUT

Hotel comprises 400 rooms with an occupancy rate of 20%. Five-star hotel is on a plot measuring 13,200 square yards.…
Gold slips below Rs200,000 per tola in Pakistan as rates released after a month’s hiatus

Gold slips below Rs200,000 per tola in Pakistan as rates released after a month’s hiatus

Gold rate decreases by Rs15,500 per tola to settle at Rs199,500. Rate of gold was last released on September 12,…
‘Up to 193% gas price hike’ expected from October 1

‘Up to 193% gas price hike’ expected from October 1

The government is gearing up to announce up to a 193% hike in the price of gas, effective from October…
Finance ministry opposes policy rate hike

Finance ministry opposes policy rate hike

Senators say increased interest rate failed to control inflation. Seek report on how inflation is controlled via interest rate. Discuss…
Gas will only be available for eight hours in winter: power minister

Gas will only be available for eight hours in winter: power minister

Loadshedding plan being devised to ensure gas supply for eight hours: minister. Says natural gas reserves further depleted by 18% compared…
InDrive now available in five more Pakistani cities

InDrive now available in five more Pakistani cities

KARACHI: inDrive, a popular ride-hailing service in Pakistan, has now expanded its network to five more cities across Pakistan including…
Karachiites to pay up to Rs4.5 per unit additional in Oct, Nov bills

Karachiites to pay up to Rs4.5 per unit additional in Oct, Nov bills

Additional collection on account of first quarterly adjustment of FY23.  The highest increase is Rs4.4547 and lowest at Rs1.4874 per…
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