Power tariff hike of Rs 5.61/unit on the cards
This is apparently the highest-ever increase in fuel cost adjustment (FCA) demanded by the CPPA.
Gulf investors seek exit opportunity from Pakistan’s banking industry
LAHORE:Â After holding their positions for decades, a number of Gulf investors are looking for a suitable exit opportunity from the Pakistani banking...
Pakistan on radar for investors: Indian newspaper
An article appearing in an Indian newspaper, Economic Times has stated that Pakistan is on radar for investors who are willing to...
OPEC sees oil markets tighten further even as US shale booms
LONDON: The global oil stocks surplus is close to evaporating, OPEC said on Thursday, citing healthy energy demand and its own supply...
SBP raises interest rate to 12.25pc as economic slowdown continues
KARACHI: The State Bank of Pakistan (SBP) on Monday increased its benchmark interest rate by 150 basis points (bps) to 12.25 per...
Fund dedicated to Diamer-Bhasha, Mohmand dam receives lukewarm response from overseas Pakistani’s
According to the latest update issued by the State Bank of Pakistan (SBP) on Wednesday, total collection from within Pakistan was recorded at Rs854.8 million
Privatization commission pondering setting up SPV for PSM to settle liabilities
ISLAMABAD: With Pakistan Steel Mills liabilities swelling to Rs188 billion, the Privatization Commission is pondering to launch a special purpose vehicle (SPV)...
Tesla sets March 14 ‘Model Y’ unveiling
WASHINGTON:Â Tesla is planning to unveil a new electric "crossover" vehicle March 14 which is slightly bigger and more expensive than its most...
Govt allows provinces the right to generate, transmit electricity
In return for greater control of the National Electric Power ReguÂlatory Authority under an amended Nepra law, the federal government has decided...
Oil prices inch up, as tensions escalate in Middle East
SINGAPORE: Oil prices edged up on Tuesday, lifted by tensions in the Middle East, although rising output in the United States and...
Etisalat mulling new CEO for PTCL; Ufone likely to merge with national telecom operator
LAHORE: Emirates Telecommunication Group Company (Etisalat) is mulling to replace the incumbent CEO of Pakistan Telecommunication Company Limited (PTCL), Rashid Khan, for...
FBR releases notification for hike in petroleum products
ISLAMABAD: The Federal Board of Revenue (FBR) on Sunday released the notification for an increase in prices of petroleum products. The recent hike, which...
Mystery shrouds Asad Umar’s resignation rumours
Finance Ministry statement rejects resignation news but admits that ‘healthy debates are a part of political culture’
Bank Al-Habib expands into Kenya, opens representative office
LAHORE:Â Bank Al-Habib Ltd in an attempt to tap into the multibillion-dollar international transaction business in its first investment in Africa, has been...
Car production dips 5.32pc in 11 months
ISLAMABAD: The production of cars and jeeps witnessed a decrease of 5.32pc during the first eleven months of the fiscal year 2018-19,...