ECC approves payment mechanism for IPPs
Govt to immediately release Rs161bn as first installment to help ease pressure on IPPs and reduce circular debt
NEPRA reserves decision over Rs1.95 per unit power tariff hike
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has reserved its judgment over the tariff hike of Rs1.95 per unit and will...
Pakistan’s cotton output falls to two-decade low
The arrival of seed-cotton into ginneries plunged 35pc to 5.57 million bales as of January 31, 2021, the lowest level witnessed in...
Six more IPPs agree to renegotiate terms for cheap electricity
ISLAMABAD: The government has reached another milestone, as talks with six more independent power producers (IPPs) for cheaper electricity in the country...
January sees 23.6pc jump in domestic cement sales
Overall, domestic despatches rise 15.7pc YoY in July-Jan FY21; exports up 10.2pc
Exports jump 8pc to $2.14bn in January
ISLAMABAD: Pakistan's exports grew 8pc to $2.14 billion in January 2021, as compared to $1.98 billion in the corresponding month of 2020,...
KSE-30 Index recomposed with six modifications
KARACHI: The Pakistan Stock Exchange (PSX) has replaced six companies in the Karachi Stock-30 Index (KSE-30) with an equal number of constituents...
FBR surpasses January tax target by Rs24bn
Overall, the revenue board has collected Rs2.57tr in July-Jan FY21, as against the target of Rs2.55tr
Implementation on EV Policy delayed as govt yet to finalise draft ordinance
'In order to avoid demurrage charges at ports, importers have now started releasing their EV vehicles after paying all duties'
Pakistan slips four places on corruption perception index
Pakistan ranked 124th out of 180 nations
Fauji Foundation to acquire majority stake in Silk Bank
KARACHI: Fauji Foundation has expressed interest in acquiring the majority stake of Silk Bank, according to a notice issued to the Pakistan...
Malaysia releases PIA plane seized over payment dispute
KARACHI: The Malaysian authorities have released the Pakistan International Airlines (PIA) plane which was seized after the national flag carrier failed to...
Foreign investors repatriate $892.3m profit in July-Dec FY21
Repatriation of profits and dividends remains 6.7pc higher when compared with $836m in the first half of FY20
Five-year CPF being prepared to support Pakistan’s development agenda: WB
'World Bank's Country Partnership Framework for Pakistan will broadly focus on four strategic areas: education, health, environment and improved governance'
Miftah criticises PTI govt for circular debt of Rs2.4tn
ISLAMABAD: Former finance minister Miftah Ismail, while criticising the decision to increase power tariff by Rs1.95 and putting a burden of Rs200...