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Govt shelves plan of staggered power bill payments

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

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

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

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

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

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

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

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

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

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…
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