ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Friday notified ex-Wapda distribution companies (Discos) to charge Rs9.90 per unit additional fuel cost adjustment (FCA) on electricity they sold in June to collect an extra Rs132 billion during August. The regulator said in a notification that it “has reviewed and …
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• Approves $142m guarantee for Roosevelt Hotel • Letter of comfort for PSO to raise Rs50bn loan ISLAMABAD: In view of cheaper imports than local production, the government on Thursday increased by almost 25 per cent the Dealer Transfer Price (DTP) of imported urea to Rs2,150 per bag to ensure uniformity …
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General Manager of MG Motors Pakistan Syed Asif Ahmed has said the company plans to introduce three models of completely knocked down (CKD) cars in Pakistan, including the HS model, as part of its five-year plan. In a statement to Business Recorder, Ahmed said Pakistan was a “very CKD-oriented market”. CKD vehicles are …
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ISLAMABAD: The government has decided to introduce new taxation measures worth Rs15 billion in the next few days as part of the agreement with the International Monetary Fund (IMF) to revive a loan programme. The new measures are expected to be taken ahead of the IMF board meeting scheduled for …
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The rupee is nosediving, foreign reserves are evaporating and political instability is proliferating. The financial watchdogs are painting a dismal picture of our future. The economic experts have earmarked us for imminent default. The consensus view is that rupee devaluation will have disastrous consequences for our already brittle economy. However, …
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The rupee continued to gain for the ninth consecutive session on Friday, jumping by Rs4.38 in the interbank market during early trade. According to the Forex Association of Pakistan (FAP), the PKR was being traded at Rs214.5 by 10:13am, having appreciated two per cent from yesterday’s close. Mettis Global Director Saad …
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The Pakistan Stock Exchange (PSX) continued its positive momentum on Wednesday, gaining nearly 400 points. According to the PSX website, the benchmark KSE-100 index closed at 42,494.85 points, up 398.61 points or 0.95 per cent. It saw an intraday high of 42,776.47 points around 10:40am. Head of Research at Intermarket …
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ISLAMABAD: Power Minister Khurram Dastgir Khan on Wednesday said the government had notified Rs3.50 per unit increase in national base electricity tariff and promised to investigate complaints of overbilling on account of monthly fuel cost adjustments (FCAs) in the current bills. Speaking at a news conference, the minister said the …
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The Pakistan Stock Exchange (PSX) continued its positive momentum on Wednesday, gaining over 550 points in early morning trade. According to the PSX website, the benchmark KSE-100 index had gained 554.29 points, or 1.32 per cent, by 10:18am to reach 42,650.53 points. Head of Research at Intermarket Securities, Raza Jafri, …
Read More »KARACHI: Engro Corporation is setting up a gas marketing business in Pakistan along with the New York Stock Exchange–listed Excelerate Energy, a company official told Dawn in a recent interview. Engro Eximp FZE, which is a subsidiary of Engro Corporation and serves as the Dubai-based trading arm for the Pakistani conglomerate, will …
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