Business
Finance ministry opposes policy rate hike
October 5, 2023
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
October 5, 2023
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
September 28, 2023
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
September 28, 2023
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…
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?”…