ADB approves $400m concessional loan for Sindh Emergency Housing Reconstruction Project
KARACHI: Asian Development Bank (ADB) approved $ 400 million concessional loan for Pakistan to support reconstruction of houses and community infrastructure in Sindh province, which were damaged by devastating floods in 2022. As per statement release...
Tough decisions taken to revive Pakistan's economy: PM
ISLAMABAD: Prime Minister Shehbaz Sharif said that incumbent government had to make tough decisions to revive economy and save country from falling into default at cost of their politics. Talking to members of National and Khyber Pakhtunkhwa Assembl...
NEPRA set to impose another electric rate hike on consumers
Electricity consumers are set to face another tariff hike to the tune of Rs2.63 per unit on account of the Fuel Charges Adjustment (FCA) for electricity that was consumed during June 2024. The Central Power Purchasing Agency (CPPA), acting on behalf...
Rupee marginally appreciates against dollar
Karachi: Rupee registered slight improvement, appreciating 0.03 percent against dollar in inter-bank market. At close, currency settled at 278.41, a gain of Re0.09, against the greenback. In recent weeks, domestic currency has largely been around 277...
Ports, shipping stakeholders favour establishment of LSPRA
KARACHI: Stakeholders of Ports and Shipping sector unanimously favoured idea of establishing an autonomous Logistics Service Providers Regulatory Authority (LSPRA) which, amongst other affairs, will particularly be responsible to devise legal framewo...
Gold price per tola declines by Rs2,300
Karachi: Gold price registered losses in line with decline in international rate. In local market, gold price per tola stood at Rs 250,500 after decrease of Rs 2,300. Ten gram gold was sold at Rs 214,763 after it registered an decrease of Rs 1,972 pe...
Chinese firms firm on not renegotiating PPAs
ISLAMABAD: Chinese companies have ruled out possibility of renegotiating power purchase contracts. In background briefing to private news agency, representatives of three large Chinese companies said that matter of whether to restructure energy debt...
Commerce Plex, FBL partner to revolutionise remittances
KARACHI: Commerce Plex, wholly owned and fully licensed subsidiary of Simpaisa Holdings, is collaborating with Faysal Bank Ltd to seamlessly integrate fintech innovation with banking expertise. This strategic alliance aims to provide increased effic...
KSE-100 gains 410 points
KARACHi: Pakistan Stock Exchange (PSX) benchmark KSE-100 Index gained 410 points. KSE-100 started with buying spree, hitting an intra-day high of 79,704.37, which was followed by some profit-taking in final hours. At close, index settled...
PM Shehbaz reforms 6 DISCO boards
ISLAMABAD: Prime Minister Shehbaz Sharif reconstituted boards of six power distribution companies over unsatisfactory performance. He reconstituted six boards including Lahore Electric Supply Company, Faisalabad Electric Supply Company, Multan...
