Business
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Business
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…
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Business
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…
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Business
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?”…
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Business
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…
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Business
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…
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Business
Pakistan, Iran chalk out five-year trade plan with $5 billion target
FM Bilawal says plan aimed at removing impediments to bilateral trade. Both sides agree to prioritise operationalisation of five remaining border…
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Business
Gold edges lower in Pakistan amid international rout
Gold price in Pakistan settles at Rs220,200 per tola. Price of silver loses Rs50 per tola. Yellow metal falls by…
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Business
Aramco to assess Pakistan’s deep conversion refinery offer
“Pakistan officials are in touch with KSA counterparts,” official says. Before agreement, both nations must sign charter of commitments. Project will…
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Business
PRL to submit report on Russian oil in July
PRL may take two months to refine 100,000 tonnes of Russian crude. Refineries already facing a shortage of furnace oil;…
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Business
Gold price in Pakistan witnesses decline amid drop in international rate
Gold price declines amid approaching cyclone Biparjoy. Per tola gold settles at Rs219,000, rupee registers minor gain. Price of yellow…
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