Business
Business
Nepra Confirms 26 Paise Tariff Hike in December Following FCA Revision
The National Electric Power Regulatory Authority (Nepra) observed that the proposed negative fuel cost adjustment (FCA) by ex-Wapda distribution companies…
PSX Surges 3.96%: Political Ease and Banking Reforms Propel Stocks
The capital market experienced a significant rally on Wednesday as political tensions diminished following the Pakistan Tehreek-e-Insaf's (PTI) decision to…
State Bank Removes MDR for Corporate Deposits
The State Bank has abolished the Minimum Deposit Rate (MDR) for conventional banks regarding deposits from financial institutions, public sector…
Pakistan Stock Exchange Climbs Over 3,700 Points as Political Unrest Subsides
The Pakistan Stock Exchange (PSX) bounced back on Wednesday, climbing by 3,740.84 points, or 3.96%, to an intra-day high of…
PSX Plummets Over 3200 Points Due to Political Unrest
Shares at the Pakistan Stock Exchange (PSX) initially gained but ended in the red on Tuesday, plunging over 3,200 points…
State Bank of Pakistan Sets New Profit Sharing Guidelines for Islamic Banks
The State Bank of Pakistan has mandated that Islamic Banking Institutions (IBIs) pay profit on their PKR saving deposits at…
Gold Prices Plummet: Pakistan Witnesses Rs4,300 Drop
Gold prices experienced a notable drop on Monday after a week of gains, reflecting global trends. In Pakistan, precious metal…
Elon Musk’s Net Worth Hits $348 Billion, Setting New Wealth Record
Tesla CEO Elon Musk has achieved a record-breaking milestone in personal wealth, now estimated at $348 billion. According to the…
Pakistan’s Shutdowns Drain Rs190 Billion Daily Amid Political Unrest
Pakistan faces significant economic losses daily, totalling approximately Rs190 billion, primarily due to opposition-led protests or government decisions to close…