Gwadar Port: Minister seeks cost-effective trade marketing strategies
ISLAMABAD: Planning Minister Ahsan Iqbal directed the preparation of marketing templates and packages aimed at showcasing the cost-effective trade routes and potential incentives for international businesses using Gwadar Port. This instruction came...
Nepra slashes power tariff by 75 paisa
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has reduced electricity tariffs by up to 75 paisa per unit for consumers of ex-Wapda power distribution companies (DISCOs) and K-Electric, based on the fuel charges adjustment (FCA)...
IMF rejects govt's proposal to cut sales tax on electricity
ISLAMABAD: The government's hopes of reducing electricity tariffs received a setback when the International Monetary Fund (IMF) rejected a proposal to cut sales tax on electricity bills. The Ministry of Energy had suggested a reduction in sales tax...
KSE-100 closes over 1,900 points
KARACHI: The Pakistan Stock Exchange's (PSX) benchmark KSE-100 Index closed lower by more than 1,900 points after profit-taking in the final hours wiped out nearly 1,700 points the index had gained during intra-day trading on Wednesday. The KSE-100...
Finance Minister questions green bond mechanism
ISLAMABAD: Finance Minister Muhammad Aurangzeb has expressed concerns about the mechanism surrounding the Water and Power Development Authority's (Wapda) green bond, specifically regarding its inability to address the government's potential liabiliti...
Increase in textile exports
According to a media report, a 10 percent increase has been noted in textile exports in the first half of the current fiscal year (2024-25), which increased from $8.29 billion to $9.90 billion. The total volume of textile exports in 2023-24 was $17....
Late buying helps KSE 100 index cut losses
KARACHI: The Pakistan Stock Exchange (PSX) experienced another turbulent session on Tuesday, with the KSE-100 Index seeing significant fluctuations before closing down by 202 points. The market started on a positive note, reaching an intra-day high o...
Gold price per tola gains Rs1,000
KARACHI: Gold prices in Pakistan saw an increase on Tuesday, following a rise in international rates. In the local market, the price of gold per tola rose by Rs1,000, reaching Rs276,000. Similarly, the price of 10-gram gold increased by Rs857, settl...
NEPRA cuts electricity tariffs
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has announced a reduction in electricity prices under the monthly Fuel Price Adjustment (FCA), providing relief to consumers. For consumers of government-owned Distribution Companie...
Govt to abolish 150,000 vacant posts, says Aurangzeb
ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, announced on Tuesday that the government will abolish 150,000 vacant positions across various government departments as part of a comprehensive strategy to reduce federa...
