Business

Business

Power consumers to pay additional Rs1.2bn as govt diverts gas to textile industry

The power consumers will be paying Rs600 million per month during this winter, for minimum two months, even without using…

2 Min Read

Dar proposes price cap on oil

Finance Minister Ishaq Dar has proposed putting an upper cap on oil prices by oil producing countries to help developing…

1 Min Read

Karachi Stock Exchange second best performing bourse throughout Asia

Karachi Stock Exchange’s (KSE) benchmark 100-share index gained 2.7 per cent (821 points) last month, taking the current year-to-date returns…

1 Min Read

Rupee dips slightly against dollar

After posting strong gains in the past couple of weeks, the rupee lost value against both the dollar and the…

1 Min Read

Power consumers to pay Rs117bn due to new taxes

Each electricity unit has become costlier by Rs1.30 as the federal government started charging two recently introduced taxes in fresh…

1 Min Read

Rs73bn shortfall in revenue collection

ISLAMABAD: The Federal Board of Revenue (FBR) witnessed a shortfall of Rs73 billion in revenue collection during the first five…

4 Min Read

Repatriation of $405m in profits on foreign investments

KARACHI: The first four months of this fiscal year saw repatriation of $405 million in profits and dividends on foreign…

3 Min Read

Index sheds 72 points on political uncertainty

KARACHI: Stocks fell by 72.12 points to close at 31,197.98 on Friday. Investors’ sentiments were held hostage to worries over…

1 Min Read

Russian bank offers $1bn credit line to Pakistan

ISLAMABAD: Pakistan and Russia on Friday expressed their determination to remove all impediments in the way of finalising plans and…

1 Min Read