The Federal Minister for Energy (Power Division) Khurram Dastgir Khan, on Wednesday, inaugurated two wind power projects with capacity of 110 megawatts at the Jhimpir District in Thatta. “The promotion of renewable energy will not only reduce our dependence on imported oil, but will also help reduce consumer tariffs,” he said during the ceremony, adding that, “Prime Minister Shehbaz Sharif is w
Finance Minister Ishaq Dar on Wednesday announced that the government was keeping prices of petrol and diesel unchanged effective from December 1, 2022. The diesel price was supposed to be reduced by Rs11.95 per litre but the government’s decision deprived consumers of a major relief. The diesel price was left unchanged in a bid to raise the petroleum levy rate to collect more revenue from t
Deadlock on allowing sugar export persisted on Wednesday, as the third round of talks between the government and the Pakistan Sugar Mills Association (PSMA) failed to yield any result, sources privy to the negotiations at the Food Security Ministry said. They said that the government was adamant that sugar export could not be allowed without the confirmation from the Federal Board of Revenue (F
The International Monetary Fund (IMF) has remained unsatisfied with the revenue and spending plans shared by Pakistan and has sought additional information, including details of shelved development projects that have now been taken up again as a top priority of the government. The global lender’s demands came amid frustration in Pakistani camp over the IMF’s insistence to share information of t
The shares market observed another range-bound session on Wednesday owing to a lack of participation from investors. Arif Habib Ltd said the market opened in the green zone but the index soon dipped into the red territory and stayed there for most of the trading session. Market participation was lower than the previous session as the trading volume remained dry in mainboard stocks. However,