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Pak, Turkmenistan decide to speed up work on TAPI project
ISLAMABAD: Pakistan and Turkmenistan have agreed to accelerate work on Turkmenistan–Afghanistan–Pakistan–India (TAPI) gas pipeline project. The understanding to this effect was reached during a meeting between Caretaker Minister for...
Rupee hits record low of 300 against US dollar
KARACHI: The US dollar ascended to a record high against the Pakistani rupee on Thursday as it traded at the historic low of Rs300.37 during morning trade in the interbank market. According to the Forex Association of Pakistan, the greenback was chan...
Rs5.40 per unit increase in power tariff: NEPRA
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Wednesday approved Rs5.40 per unit increase in power tariff on the account of quarterly adjustment for the fiscal year of 2022-23. The regulatory body has given initial approval...
Gold rates dip by Rs 1,900 to Rs 232,600 per tola
Karachi: Per tola price of 24 karat gold decreased by Rs 1,900 and was sold at Rs 232,600 compared to its sale at Rs 234,500 per tola on previous day. Price of 10 grams of 24 karat gold also decreased by Rs 1,629 to Rs 199,417 from Rs 201,046 whereas...
PM assures to address business community issues
KARACHI: Caretaker Prime Minister Anwaarul-Haq Kakar assured to try to address problems of business community including those relating to power and gas. Speaking to prominent entrepreneurs here, he acknowledged contributions of businessmen sayi...
Caretaker govt, IMF talks to take place next month
ISLAMABAD: Negotiation between caretaker government and IMF will take place next month. Authorities said that circular debt will be focus of first contact negotiations with caretaker government. Negotiation will be held on new plan to reduce circular...
Yellow metal rates up by Rs4,600 to Rs234,500 per tola
Karachi: Per tola price of 24 karat gold increased by Rs 4,600 and was sold at Rs 234,500 compared to its sale at Rs 229,900 per tola on previous day. Price of 10 grams of 24 karat gold also increased by Rs 3,944 to Rs 201,046 from Rs 197,102 w...
Power tariff likely to go up Rs2.07 per unit
ISLAMABAD: Preparations are underway to drop electricity bombshell on consumers. Electricity tariff is likely to scale up by Rs 2.07 for power distribution companies. CPPA GA has filed application in NEPRA seeking hike in power tariff under monthly f...
Pakistan's power generation up nearly 5pc YoY
Karachi: Power generation clocked in at 14,839 GWh (19,945MW) in July 2023, up 4.9 percent as compared to same period last year. Back in July 2022, power generation stood at 14,151 GWh (19,020MW). Year-on-year (YoY) increase in power generation was o...
Domestic unit remains under pressure, settles at 297.13 against dollar
Karachi: Rupee remained under pressure against dollar as currency depreciated 0.45 percent in inter-bank market on first trading day. At close, rupee settled at 297.13, decrease of Rs 1.35 as per State Bank of Pakistan. This is its weakest closing le...
