Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed grave concerns over the ongoing mass protests and said that Pakistani households and businesses are facing mounting power prices. At a press conference, FPCCI President Irfan Iqbal Sheikh quoted Nepra’s latest forecast for power purchase prices for the fiscal year 2023-24 that reveals a substantial financial burden,
A direction of the Economic Coordination Committee (ECC) on Monday to the relevant agencies to check the hoarding and smuggling of sugar has failed to bring any respite for the consumers as the rates of the sweetener have swelled further. Traders said that the wholesale rate had ranged between Rs164 per kg, up by Rs4 per kg from Monday, thus putting extra pressure on the retail prices which in
ISLAMABAD: With the nationwide protests over massive power bills growing, the caretaker government has failed to come up with any relief measures as it tries to strike a balance between avoiding drawing the IMF’s ire and causing more citizens to blow a fuse. In the cabinet meeting presided over by Caretaker Prime Minister Anwaarul Haq Kakar on Tuesday, the interim set-up expressed helplessness
The newly appointed British High Commissioner to Pakistan Jane Marriott, the United Kingdom’s first woman high commissioner to Pakistan, who arrived at Karachi on Sunday, visited the Royal Navy’s HMS Lancaster here on Tuesday. The HMS Lancaster is in Karachi on a routine bilateral Royal Navy-Pakistan Navy training exercise ‘White Star’, which commences here on Wednesday (today). The exercise al
The Pakistan Stock Exchange (PSX) witnessed a gloomy session on Monday as the benchmark index remained in red for most of the session amid rumours about an imminent policy rate hike which triggered profit-selling by some investors. This strategic choice by investors not only prompted the market to relinquish some of its previously accrued value but also culminated in the index transitioning int