Minister announces 200 units electricity cap for FCA exemption
KARACHI: Minister for Power Khurram Dastgir Khan explained that only households that consume electricity up to 200 units will be exempt from fuel charges adjustment (FCA). Addressing a press conference here he revealed that 17 million people are bein...
Govt may increase petrol price by Rs20 per litre
ISLAMABAD: Government is likely to drop petrol bomb on already suffering masses by increasing prices of petroleum products by up to Rs 20 per litre. On August 15, government increased petrol price by Rs 6.72 per litre, while slashed diesel price by R...
KCCI welcomes PM’s notice of inflated electricity bills, underscores need to rationalise tariffs
KARACHI: Chairman Businessmen Group (BMG) Zubair Motiwala and President Karachi Chamber of Commerce and Industry (KCCI) Muhammad Idrees appreciating Prime Minister for taking notice of public and business community’s complaints/protests on infl...
PM announces FAC exemption for 17mln consumers
DOHA: Prime Minister Shehbaz Sharif announced complete exemption to about 17.1 million electricity consumers out of 30 million in country from paying their fuel adjustment charges (FAC) in electricity bills. As immediate relief measures for masses, h...
KATI announces Rs5mln for relief activities in Balochistan
KARACHI: Korangi Association of Trade and Industry (KATI) announced Rs 5 million for relief activities in flood-affected areas of Balochistan. In a statement issued here, Patron-in-Chief KATI SM Muneer and President Salman Aslam said after record rai...
PSX gains 540ps to close at 43,366.77ps
ISLAMABAD: KSE 100-index of Pakistan Stock Exchange (PSX) turned around gaining 540.11points, a positive change of 1.26 percent, closing at 43,366.77 points against 42,826.66 points on last working day. A total of 324,443,387 shares were traded durin...
Turkiye wants to increase bilateral trade with Pakistan up to $5bln, says envoy
ISLAMABAD: Turkiye wants to increase bilateral trade with Pakistan up to $5 billion as both countries have good potential to increase two-way trade volume in many items. Nurettin Demir Commercial Counsellor Embassy of Turkiye addressing business comm...
EU provides Rs76m to assist Pakistan’s flood victims
ISLAMABAD: European Union (EU) has approved a grant of €350,000 (nearly Rs 76 million) to provide crucial humanitarian assistance to families affected by severe flooding, which has wreaked havoc across many parts of Pakistan. In a statement, EU...
Pakistan an attractive destination for foreign investment: PM
ISLAMABAD: Prime Minister Shehbaz Sharif said Pakistan attached great importance to its relations with Finland and desired cooperation in diverse fields. Expressing these views in a meeting with Ulla-Maija Rantapuska, Investment Manager Finnfu...
Pakistan not facing any default risk: State Minister
ISLAMABAD: State Minister for Finance Dr Aisha Ghaus Pasha said that Pakistan is not facing any risk of default. Addressing launching ceremony of special report titled ‘Economic Security of Pakistan; Challenges and Way Forward’ here, she...
