The caretaker government has called for strict enforcement of the cotton support prices set earlier this year, with Prime Minister Anwaarul Haq Kakar on Sunday ordering action against those exploiting the situation and buying cotton below the predetermined rate of Rs8,500 per 40kg. Caretaker Punjab Chief Minister Mohsin Naqvi, who met PM Kakar to discuss the issue, also separately urged cotton
Karachi’s power utility K-Electric has sought another Rs3.02 per unit in tariff adjustment for the April-June quarter of this year. The National Electric Power Regulatory Authority (Nepra) has accepted the petition for a public hearing on Oct 19 (Thursday) to examine whether KE’s request was justified and whether the company’s claim for Rs13.2 billion write-off against unrecovered bills shou
Equities carried forward the bullish momentum into the eighth consecutive session on Wednesday. Topline Securities Ltd said the market gains could be attributed to the investors’ buying interest in energy stocks on the expectation of a hike in the gas tariff that is likely to be announced in the ongoing week. Arif Habib Ltd said the advance towards the August highs continues as the session c
The International Monetary Fund (IMF) on Wednesday forecast Pakistan’s fiscal deficit — the gap between the country’s total resources and expenditures — for the current financial year at 7.6 per cent of GDP, almost 1.1pc higher than 6.5pc target set by the federal government. Even after taking into account Rs600bn cash surplus targeted by the Centre to come from provincial governments, the IMF
Petrol and high-speed diesel (HSD) prices are projected to fall below Rs300 per litre in the coming review, thanks to a significant drop in global oil rates and the rupee’s appreciation. The anticipated per-litre decrease of up to Rs20 in HSD and Rs38 in petrol would be the most substantial single drop in fuel prices. However, the caretaker government can decide otherwise, particularly in th