These coal-based power plants had committed to use coal containing 6000 calorific values (CVs) but they had been importing coal with 4500 to 5500 CVs
Participation in the auction was huge as bids totaling Rs4.6 trillion were received.
Senate Standing Committee on Finance directs FBR to take strict action against the offenders under the Anti Money Laundering Act
All digital retail banks DRBs now have 12 months to get operationally ready.
Across six DISCOs, the benefits in terms of just electricity units given to retired employees stand at an average of Rs 664mn per year from 2017 to 2025.
Interim ECC reviews bailout for Pakistan Steel Mill, availability of staple foods and power sector benchmark rates
The Pakistan Steel Mill has cumulatively incurred the losses of Rs 206 billion up until the end of FY23
With the IMF review around the corner, and an imminent price hike, the government will be treading a fine line with cash handouts
The industry envisions the need for consistency in this upward trajectory, as it could lead to the local production of allied parts
The sector is expected to continue steady performance in the next half too.
The mechanism for adjusting the FCC could finally see a change after 2016
Buying real estate worth more than Rs 5mn using cash or a bearer cheque will be subject to a penalty equal to 5% of the property's value
It will be the fourth major commercial bank to operate a wholly owned exchange subsidiary
In a desperate effort to boost textile export, TDAP to provide a subsidy of 33% on putting up stalls.
Does the central bank really expect inflation to decline significantly or has it accepted that rate hikes aren't effective?
Cars and motorcycles record worst 2MFY sales in five years