NEPRA deliberates KE's tariff petitions for reliable power supply
KARACHI: National Electric Power Regulatory Authority (NEPRA) conducted hearing on K-Electric's distribution, transmission and supply petitions under utility's Multi-Year Tariff for period from FY 2023-24 to FY 2029-30. Petitions submitted highlight...
Foreign investment increasing due to govt's policies: PM Shehbaz
ISLAMABAD: Prime Minister Shehbaz Sharif directed to devise comprehensive strategy to strengthen cooperation and trade partnership with Azerbaijan in field of economy and investment. "Pakistan geographically offers natural economic corridor to...
Amendment to Ogra act expected to generate $200m
ISLAMABAD: The government is set to amend the Oil and Gas Regulatory Authority (Ogra) Act aimed at allowing the operator of Energas Terminal to have monopoly over capacity utilistion in a bid to attract investment of $200 million from Qatar. At pres...
KE requests Rs10.69/unit power price increase
KARACHI: K-Electric (KE) has petitioned government for permission to raise its power price by Rs 10.69 per unit, aiming to increase it to Rs 44.69 per unit for fiscal year 2023-24. Proposed tariff adjustment is intended to partially offset losses and...
EU maintains ban on PIA flights over safety concerns
EUROPEAN UNION: European Union (EU) has extended its ban on Pakistan International Airlines (PIA) flights due to persistent safety concerns. This decision marks fourth consecutive year that EU has prohibited PIA from operating in European airsp...
Mashreq secures landmark in-principal approval to launch Islamic Banking Ops in Pakistan
KARACHI: Mashreq Pakistan, a part of Mashreq which is the leading financial institution in the MENA region, has announced a significant milestone in its foray into Pakistan. Mashreq Pakistan has been granted In-Principal Approval (IPA) by the State...
KSE-100 closes 335 points higher on fertilizer, OMCs
KARACHI: Pakistan Stock Exchange (PSX) witnessed bullish sentiment as benchmark KSE-100 index closed higher by 335 points. Bulls largely dominated session amid some resistance from bears1. At close, benchmark index settled at 78,275.65, up by 335.07...
PM Shehbaz greenlights Chinese industry relocation
ISLAMABAD: Prime Minister Shehbaz Sharif approved joint ventures between Chinese and Pakistani companies to facilitate relocation of Chinese industries to Pakistan. Meeting discussed matters concerning Board of Investment, premier emphasised t...
Roy thanks govt for removing taxes on books
LAHORE: Pakistani musician and social activist Shehzad Roy thanked Finance Minister Muhammad Aurangzeb for removing sales taxes from books in the federal Budget 2024-25. "Speaking up makes a difference. Earlier, it (speaking up) was feared, however,...
KSE-100 index emerges as Asia's top-performing market
KARACHI: Despite prevailing economic crises, Pakistan's stock market has shown resilience by emerging as the best-performing market in Asia in 2024, according to Bloomberg. The KSE-100 index reflected a 27% increase in dollar terms this year, w...
