The National Electric Power Regulatory Authority (Nepra) on Tuesday notified an additional fuel cost adjustment (FCA) of Rs3.08 per unit for consumers of ex-Wapda distribution companies (Discos) with a net financial impact of about Rs28.5 billion for electricity consumed in October. According to Nepra’s notification, the adjustment will apply to all the consumer categories except Electric Vehic
The benchmark of representative shares on the Pakistan Stock Exchange hit a new peak by crossing the psychological barrier of 62,000 points on Monday. Topline Securities Ltd attributed the bull run to the investors’ “fear of missing out” as buying took place across the board. Any correction is witnessed sector-wise instead of across the board, it said, adding that dips are usually observed o
Gold hit a record high on Monday as growing optimism that the Federal Reserve will cut US interest rates in the new year has dented the dollar in recent weeks. The precious metal, seen as a safe haven investment, reached an all-time pinnacle at $2,135.39 an ounce. Profit-taking later set in, leaving it to trade at $2,043.80. Elsewhere, bitcoin briefly traded above $42,000 to reach a 20-month
CodeNinja, a technology solutions provider, has secured an investment of $1.6 million from sAi Venture Capital, a Lahore-based technology venture investor, and its strategic partners Plutus21 Capital and affiliates. “With this investment, we’ve merged our natural advantages in the technology sector with venture principals. CodeNinja’s ability to partner with global enterprise clients and doing
Policy rankings of five leading commercial banks show the lenders have low policy commitments to climate change, human rights, gender equality and labour rights while none discloses policies on nature and tax when lending money to firms. Speaking at the launch of a report “Benchmarking the sustainability policies of banks in Pakistan” by Fair Finance Pakistan on Monday, Senator Farhatullah Ba