Business
Business
Pakistan’s Power Sector Grapples with Escalating Circular Debt
Pakistan's power sector has been grappling with mounting circular debt, reaching Rs2.646 trillion by May 2023. According to a report…
NEPRA Hikes Electricity Tariff by Rs1.25 per Unit; Offers Reduction for K-Electric Consumers
On Tuesday, the National Electric Power Regulatory Authority (NEPRA) announced another surge in electricity rates, increasing them by Rs1.25 per…
Pakistani Rupee Soars by Rs. 15 Against US Dollar Following IMF Aid
The Pakistani rupee appreciated by Rs15 against the US dollar on Tuesday in the interbank market, following the last-minute financial…
Pakistan Witnesses Growth in Exports and Reduction in Trade Deficit in June 2023
The last month, June, saw an eight per cent rise in Pakistan's exports, even though there was a year-on-year decrease…
Gold Prices in Pakistan Drop Significantly as Rupee Appreciates
At the beginning of the week, gold prices in Pakistan experienced a significant drop of over Rs8,000 due to the…
Pakistani Rupee Gains Rs5 Against US Dollar as IMF Agreement Boosts Currency
The Pakistani rupee experienced a significant gain of Rs5 against the US dollar on Monday, which experts attribute to the…
Saudi Arabia and UAE to Invest Billions in Pakistan’s Tech, Agriculture, and Mining Sectors
Dr Musadik Malik, Pakistan's Minister of State for Petroleum, mentioned that Saudi Arabia and the United Arab Emirates have expressed…
Bullish Revival at Pakistan Stock Exchange following IMF Agreement
Pakistan Stock Exchange (PSX) showcased a significant bullish trend on Monday. The KSE-100 benchmark index crossed the 2,000-point mark, fueled…
Pakistan’s Emergency Lifeline: A $3 Billion IMF Rescue Package
In a crucial move to prevent a looming economic meltdown, Pakistan secured a $3 billion short-term financing agreement from the…