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Pakistan's economy stabilized after IMF deal: S&P
ISLAMABAD: Standard and Poor (S&P) Global has declared Pakistani economy stable after International Monetary Fund (IMF) $ 7 billion deal. S&P Global Ratings affirmed its 'CCC+' long-term sovereign credit rating and 'C' short-term rating on P...
KSE-100 index sheds 742pts on panic selling
KARACHI: KSE-100 suffered dramatic fall in final 60 minutes of trading with analysts saying that an inability to access real-time share prices led to some panic selling after Pakistan saw massive disruption in internet services. Benchmark index hove...
Cabinet nods privatisation of 13 power division entities
ISLAMABAD: Cabinet has greenlighted privatisation of 13 entities under Pakistan's Power Division, including nine power distribution companies. Sources told that out of 11 government-owned power distribution companies, nine have been included in priva...
NEPRA confirms overbilling by all DISCOS including K-Electric
ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has confirmed electricity overbilling by all power distributing companies (DISCOs) including K-Electric, in April and June and sought an explanation from companies on matter. According t...
Pakistan’s economy stabilized following IMF agreement, S&P reports
ISLAMABAD: The Standard & Poor (S&P) Global has declared the Pakistani economy stable after the International Monetary Fund (IMF) $7 billion deal. S&P Global Ratings affirmed its ‘CCC+’ long-term sovereign credit rating and &l...
Rupee sees marginal decline vs dollar
KARACHI; Rupee registered marginal decline, depreciating 0.06 percent against dollar in inter-bank market. At close, domestic unit settled at 278.66, loss of 0.16 paisa, against greenback. Globally, dollar and yen kept within close ranges on Tuesday...
Govt adamant on bringing agri into tax net: Aurangzeb
KARACHI: Minister for Finance and Revenue Muhammad Aurangzeb has brushed off concerns surrounding government's plans to bring largely under-taxed agriculture sector into revenue net. "I am grateful to chief ministers for agreeing to legislate t...
CM Maryam approves various uplift projects
Lahore: Punjab Chief Minister Maryam Nawaz accorded approval to construction of 450-kilometer long three new road corridors. CM Maryam gave formal assent to make new corridors in province in special meeting. Chairing meeting here, Maryam Nawaz said...
Electricity prices set to increase for Karachi consumers
KARACHI: K-Electric submitted request to National Electric Power Regulatory Authority (NEPRA) for an increase in electricity prices by Rs 5.45 per unit under monthly Fuel Cost Adjustment (FCA). Power utility seeks this increase for months of May and...
Taxes, capacity charges with power bills unacceptable: Naeem
ISLAMABAD: Strings of additional taxes and capacity charges have not been acceptable with electricity bills, Jamaat-e-Islami's Ameer Hafiz Naeem here said. "What capacity charges when government have shares in 52 percent of IPPs," JI Chief said. He c...
