Business
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Business
Rupee to extend losses against dollar in 2024: analysts
Local currency under pressure over last seven years. Rupee has seen a 20% fall against the dollar this year. As per…
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Business
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…
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Business
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.…
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Business
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…
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Business
Govt on fiscal tightrope as IMF talks set to begin today
ISLAMABAD: The International Monetary Fund (IMF) is expected to discuss the deteriorating fiscal position which has been heavily affected by…
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Business
Inflation at its lowest levels since December but still higher than govt target
Average inflation for first four months of FY24 at 28.5%. Rate still higher than govt’s target of 21% for FY24.…
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Business
IMF team to visit Pakistan for first review talks on Nov 2
IMF Mission Chief to Pakistan Nathan Porter will lead delegation. Finance ministry has started preparations for talks with IMF. Ministry…
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Business
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…
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Business
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…
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Business
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…
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