Govt to terminate power agreements with six more IPPs
Move aims to save over Rs300 billion and reduce energy costs
Audit uncovers Rs9.5 trillion irregularities in power companies over three years
Irregularities amounted to Rs5,145 billion during the fiscal year 2023-24 alone; AGP flags 111 audit objections, calls for action against 72 officialsÂ
Oil up 2% in global market, settles at 3-week high as more sanctions loom on Russia, Iran
EU imposes new sanctions on Russia, US weighs more; China stimulus expected to support demand
CPEC brings $25.4bn investment, creates 236,000 jobs in Pakistan, says Chinese envoyÂ
Around 510 kilometers of highways, over 8,000 megawatts of electricity and 886 kilometers of core power transmission lines have been completed under the mega project
SBP restructures banking supervision, launches cyber risk management department
New measures aim to enhance banking sector oversight and cybersecurity
Roshan Digital Accounts record $186 million inflows in November 2024
Cumulative inflows surpass $9.1 billion as account numbers continue to rise
Weekly inflation edges up by 0.07% amid rising food prices
Chicken, vegetable ghee, and bananas drive SPI increase; wheat flour and fuel prices decline
Pakistan raises record Rs8.4 billion in 2024 through 7 IPO’s
Macroeconomic stability and investor confidence drive oversubscription across diverse sectors to set a new IPO record
World Bank cancels $500m loan to Pakistan due to slow energy reforms
World Bank Decision disrupts budget plans for the federal government as inefficiencies in power sector and unfulfilled conditions stall progress
PSX stages recovery as market corrects itself before MPC
KSE-100 ends week steady after a 121-point rise on the final day before rate-cut
World Bank approves $240 million to enhance water and sanitation in Karachi
Project will provide safely managed water supply to nearly 16 million people and sanitation services to nearly 7.5 million people in Karachi by 2030
PSX to launch option of settling futures deals in cash by March 2025: report
Economic stability and the introduction of new derivatives products could further boost sentiment, says PSX CEO in an interview with Bloomberg
OGDCL strikes hydrocarbon reserves in KP’s Samanasuk formation
Discovery marks the first-ever hydrocarbon find in Samanasuk formation within Wali Exploration License
Diesel price expected to drop by Rs3.9/litre from Dec 15
Petrol prices are anticipated to increase by 81 paisa per litre due to fluctuations in global market
Govt proposes National Cybercrime Forensics Agency to combat digital crimes
The proposed NFCA will serve as a central body for cybercrime investigations and forensics, as part of broader digital law reforms.