Business
Business
Lack of external financing, rupee range-bound against USD in weeks to come
Due to poor market sentiment, the Pakistani rupee to USD may drop somewhat in the following weeks. The local currency…
K-Electric wants an Rs7.04/unit tariff cut in November FCA
Karachi Electric (KE) has applied to NEPRA to cut the power rate by Rs 7.04/unit in January 2023 as part…
High energy costs, 150 textile mills closed in five months.
In the last five months, 150 textile mills have closed, and approximately 2 million have lost jobs because of rising…
Two days of gas supply interruption to industry
Gas load shedding to the Karachi industry has been extended by two days. As Karachi's crisis deepens, industrial locations may…
150 textile mills closed in 5 months due to high energy prices
The textile industry is experiencing a severe crisis due to soaring energy costs, as 150 textile factories have closed in…
Oil rises, poised to end week higher despite economy concerns
Oil prices rose in early Asian trade on Friday after falling 2% in the previous session on central bank interest…
Pakistan’s reserves drop $14.9m to $6.7b
The data issued by the State Bank of Pakistan (SBP), the foreign exchange reserves held by the SBP decreased by…
In the first four months of FY23, Pakistan’s LSMI declines by 2.9%.
The Pakistan Bureau of Statistics data reveals the first four months of the current fiscal year 2022–23 show a negative…
PSX drops by 613 points in early trade
Early Thursday morning, Pakistan Stock Exchange (PSX) shares dropped more than 600 points. The benchmark KSE-100 index was down 613.5…