Govt hikes power tariff by Rs3.33/unit
ISLAMABAD: Government increased electricity tariff by Rs 3.33 per unit. A notification has also been issued by Nepra in this regard. Nepra sources said hike in prices had been done to collect monthly fuel adjustment. Sources said Lifeline and K-Elect...
Pakistan set to export SUVs, other vehicles
ISLAMABAD: Ministry of Industries and Production announced that Pakistan will export sport utility vehicles (SUVs) and other cars in next few months. According to officials of Ministry of Industries and Production, Pakistan will export 50 locally ma...
SBP’s foreign reserves show modest rise
Karachi: Foreign Exchange reserves held by State Bank of Pakistan (SBP) experienced marginal increase of $ 15.8 million, or 0.17 percent week-on-week, reaching total of $ 9.11 billion during week ending on May 31, 2024, according to data released by...
Solar energy investment outstrips other power generation sources: IEA
PARIS: More money is pouring into solar power than all other electricity sources combined, with investments set to reach half trillion dollars this year, Top energy research body said. International Energy Agency (IEA) forecast in report that global...
Cabinet committee to oversee implementation of SIFC recommendations
Islamabad: Cabinet committee has been established to oversee implementation of Special Investment Facilitation Council (SIFC) recommendations. An order has been issued to this effect. Committee will submit decisions to Cabinet for approval. Prime Min...
Pakistan taking measures to improve governance
ISLAMABAD: In meeting with potential Chinese investors here, Prime Minister Shehbaz Sharif informed that Pakistan was working on enhancing governance, expanding its tax net and facilitating business practices to help attract foreign direct investment...
KSE-100 extends losses amid selling pressure
Karachi: Pakistan Stock Exchange (PSX) witnessed another negative session, as its benchmark KSE-100 Index closed lower by 447 points, mainly on selling in banking and exploration sectors. Trading at KSE-100 remained volatile throughout session as in...
ADB approves $250m loan to boost public-private partnerships
Karachi: Asian Development Bank (ADB) approved $ 250 million policy-based loan to help Pakistan drive sustainable investments in infrastructure and services through public-private partnerships. As per press statement, loan is part of ADB’s Prom...
Solar net metering: Power division refutes speculations on policy
ISLAMABAD: Power division refuted speculations regarding ending solar net metering policy. Power division spokesperson refuted news regarding ending net metering policy, as fake and baseless. News channels should have contacted Ministry before airin...
Pakistan to ‘request’ UAE for $1bn loan rollover
ISLAMABAD: Pakistan to ‘request’ United Arab Emirates (UAE) for rollover of $ 1 billion loan, before maturity period, sources said. Finance Ministry has completed working on matter and Prime Minister Shehabz Sharif is likely to pen...
