Business
Discos seek massive Rs4.66 per unit hike in Jan power bills
December 21, 2023
Discos seek massive Rs4.66 per unit hike in Jan power bills
Increase stems from fuel charges adjustment for Nov. CPPA applies with Nepra to raise electricity prices. Nepra schedules public hearing on…
Power generation cost surges 20% year-on-year in Nov amid drop in cheap energy
December 21, 2023
Power generation cost surges 20% year-on-year in Nov amid drop in cheap energy
Higher cost mainly due to decline in nuclear, wind-based generation. Fuel cost for local coal-based generation increased by 55% y/y.…
SSGC seeks 15.38% increase in gas prices for current fiscal year
December 14, 2023
SSGC seeks 15.38% increase in gas prices for current fiscal year
SSGC seeks hike to offset rising costs of gas, other components. Petition includes Rs13.45 per MMBtu for LPG air-mix projects. Ogra…
EU allocates €179m for Punjab under new climate initiative
December 14, 2023
EU allocates €179m for Punjab under new climate initiative
Agreement to tackle urgent water and sanitation challenges. Climate resilience to also be strengthened through initiative. 200km of new water supply…
PSX sets new record as KSE-100 crosses 63,000 mark
December 7, 2023
PSX sets new record as KSE-100 crosses 63,000 mark
KARACHI: Bulls on Monday gripped the Pakistan Stock Exchange (PSX) as the benchmark index achieved a new milestone by crossing…
Pakistani authorities have ‘delivered’ on economic front, says top IMF official
December 7, 2023
Pakistani authorities have ‘delivered’ on economic front, says top IMF official
IMF official says Pakistan ‘important’ country in the world. “Our country is destined to succeed,” says Masood Khan. Nathan Porter…
November inflation to spike on gas price adjustment, dashing slowdown hopes
November 30, 2023
November inflation to spike on gas price adjustment, dashing slowdown hopes
CPI likely to rise to 28.6-29.6% year-on-year in Nov. Inflation rate could register 2.1% month-on-month jump. Weekly SPI on Nov…
Petrol price likely to remain unchanged in next fortnightly review
November 30, 2023
Petrol price likely to remain unchanged in next fortnightly review
Petrol prices to hold steady in next review. Diesel and kerosene prices to decline from Dec 1. Next fortnightly review…
Binance Blues: With Zhao gone, Teng in, crypto co suffers big outflows after $4bn settlement
November 23, 2023
Binance Blues: With Zhao gone, Teng in, crypto co suffers big outflows after $4bn settlement
Data firm Nansen revealed that investors withdrew approximately $956 million from Binance within the last 24 hours, a development following…
Govt notifies 40% tax on windfall income; analysts say move will hurt banking sector
November 23, 2023
Govt notifies 40% tax on windfall income; analysts say move will hurt banking sector
Govt aims to broaden its revenue base via new tax rules for banks. It also wants to penalise lenders involved in…