Business
Govt shelves plan of staggered power bill payments
September 21, 2023
Govt shelves plan of staggered power bill payments
Minister says govt aware of capacity payments issue. Smart meters can help curb electricity theft, says Ali. Adds Pakistan in…
Oil retreats awaiting key US Federal Reserve rate decision
September 21, 2023
Oil retreats awaiting key US Federal Reserve rate decision
Oil prices retreated on Wednesday awaiting the US Federal Reserve’s interest rate decision, with investors remaining on the tenterhooks over…
Boeing, Airbus ‘likely to suspend’ spare parts supply to PIA amid liquidity crunch
September 7, 2023
Boeing, Airbus ‘likely to suspend’ spare parts supply to PIA amid liquidity crunch
PIA grounds 5 out of 13 leased aircraft due to cash-flow crisis. PIA says keeping airline operational necessary for privitisation.…
ECC approves increasing dealers, OMCs margins on petrol, diesel
September 7, 2023
ECC approves increasing dealers, OMCs margins on petrol, diesel
OMCs margin on MS, HSD enhanced by Rs1.87 per litre. Margins to be determined by Ogra on systematic mechanism. ECC…
KSE-100 nosedives over 1,700 points as economic turmoil dents investors’ confidence
August 31, 2023
KSE-100 nosedives over 1,700 points as economic turmoil dents investors’ confidence
PSX’s benchark index continues to fall. Investors jittery over decline in rupee value. PKR trades at 306.05 against USD in…
Discos seek permission to levy additional FCA charges for July 2023
August 31, 2023
Discos seek permission to levy additional FCA charges for July 2023
Nepra questions management of coal-based plants. Nepra questions why consumers to shoulder NTDC’s inefficiencies. “Why should consumers cover capacity payments?”…
Plans for Toyota Corolla Cross on track, says Indus Motors CEO
August 31, 2023
Plans for Toyota Corolla Cross on track, says Indus Motors CEO
IMC CEO says automobile sector facing several challenges Laments import of used cars in Pakistan We are devising plans to…
CPEC firms seek timely payments to keep powerhouses afloat
August 24, 2023
CPEC firms seek timely payments to keep powerhouses afloat
Chinese firms overdue payments exceeded $1.2bn. If status quo continues, it will be no more sustainable, say Chinese enterprises. We are…
Rupee races past 300 shattering all records against dollar
August 24, 2023
Rupee races past 300 shattering all records against dollar
Greenback closes at Rs300.22 in the interbank market. Interbank market trying to catch up with kerb market: expert. “Dropping exports,…
IMF range of 1.25% between interbank, kerb rates of dollar breached over last five days
August 17, 2023
IMF range of 1.25% between interbank, kerb rates of dollar breached over last five days
Difference ranges between 2% to 4% for last five working days. Local currency in interbank market continues to slide. IMF…