The government on Wednesday reported the outstanding payables to the Chinese power producers at around Rs360 billion (about $1.25bn) as it pleaded to charge Rs1.83 per unit additional cost from consumers of ex-Wapda distribution companies (Discos) in October. The National Electric Power Regulatory Authority (Nepra), which held a public hearing on the request of the Central Power Purchasing Agen
Share prices fell on Tuesday even though traded volumes made a recovery in a range-bound session. Topline Securities reported the KSE-100 index floated within a small range of 245 points during the trading hours before settling on the lower side. Banks, exploration and production, technology and fertiliser sectors contributed negatively to the index as investors chose to trim their positions
Stockbrokers are going out of business in growing numbers as the brokerage industry faces consolidation amid an increasingly stern regulatory regime. As many as three brokers — formally known as Trading Right Entitlement Certificate (TREC) holders — either requested to surrender or successfully surrendered their trading rights on Tuesday, according to the Pakistan Stock Exchange (PSX). These
WHILE one part of the world remains immersed in territorial warfare — Russian tanks versus Ukrainian missiles — another attacker, which is not so much in the news, has been gaining strength over the years. As businesses increasingly operate digitally, computer hackers now wield weapons that have the potential to shut down billion-dollar enterprises, eradicating revenue and collecting the data of m
Jazz, Pakistan’s largest digital operator, launched Pakistan’s first 5G Innovation Hackathon on Tuesday in collaboration with the National University of Sciences and Technology (Nust), NITB, and Code for Pakistan (CfP). The groundbreaking initiative aims to harness the immense potential of 5G technology and other cutting-edge innovations to address critical challenges in Pakistan’s key sectors,