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KSE-100 closes lower as late-session selling wipes out earlier gains
KARACHI: Pakistan Stock Exchange's benchmark KSE-100 Index Friday resumed trading on higher note, adding more than 500 points in intra-day trade before late-session selling erased gains and pushed index into negative territory. At close, benchmark i...
KCCI demands release of pending Rs33bn against incremental consumption
KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh, while referring to his discussions with industrial town associations in connection with delays in release of funds against incremental consumption of el...
'K-Electric's power generation costlier than national grid'
ISLAMABAD: Secretary of Power Division revealed that power production company-K-Electric is generating expensive electricity, predominantly from thermal power. During meeting of National Assembly's Standing Committee on Energy, Secretary of Power Div...
Up to 500 units: Punjab govt to reduce power tariff by Rs14 per unit for Aug-Sept
LAHORE: Pakistan Muslim League-Nawaz President Nawaz Sharif announced that Punjab government was going to reduce electricity tariff by Rs 14 per unit for users utilising less than 500 units month for August and September. Addressing media alongside...
Rupee closes unchanged against dollar
KARACHI; Rupee did not register change against dollar in interbank market, staying at its value of 278.7. In open market trading, dollar edged slightly higher against domestic unit as buying remained in demand, currency dealers said.Internatio...
Mobilink Bank partners with Systems Limited to drive superior customer experience
ISLAMABAD: Pakistan’s leading digital microfinance bank, Mobilink Bank, has partnered with Systems Limited to leverage the power of Temenos Core, modernizing its core banking platform and boosting business and operational capabilities. Under th...
Country can grab $5bn export orders as West shifts from B'desh: Gohar
KARACHI: Dr Ejaz Gohar Patron-in-Chief and Group Leader of All Pakistan Textile Mills Association (APTMA) said Pakistan's textile sector can grab orders worth $ 5 billion in coming days as Western clothing brands shift from Bangladesh. Bangladesh fac...
PSX bounces back, surges by approximately 650 points
The Pakistan Stock Exchange (PSX) has shrugged off its downward slump on Thursday and surged by 667 points to reach 78,545 during intra-day trade. This marks a notable 0.85% rise from its previous close of 77,878 points. Ahead of the August 14 Indepe...
30% power tariff cut expected soon
Istehkam-e-Pakistan Party (IPP) President Sindh Chapter Mahmood Baqi Moulvi said on Thursday that the coalition government is taking measures to reduce electricity prices by up to 30%. In a statement, the former MNA said the move is expected to bring...
Ogra announces new RLNG prices for Aug, price hiked by 3.20pc
ISLAMABAD: Oil and Gas Regulatory Authority (Ogra) has announced 3.20 percent increase in price of Regasified Liquefied Natural Gas (RLNG) for August, reflecting latest changes in global energy markets. New rates, effective immediately, have been det...
