Around 100 plants paid Rs99bn in capacity payments in Oct-Dec despite most of them operating at below 20pc ISLAMABAD: With almost two-thirds of power plants operating at less than 20 per cent utilisation factor, the National Electric Power Regulatory Authority (Nepra) on Wednesday notified ex-Wapda Distribution Companies (Discos) to charge 47 paise per unit to their consumers to mop up Rs15.5 b
Trading began on a positive note on Monday at the Pakistan Stock Exchange but a lack of investors’ involvement quickly drove the representative index of the listed companies down to the red zone. Arif Habib Ltd said stocks hovered on the lower side for the most part of the trading session. Share prices kept swinging in both directions before eventually closing in the red. Investors chose to sta
The 2023 spring meetings of the World Bank Group and the International Monetary Fund (IMF) begin in the US capital on Monday to consider “uncertainties and risks weighing heavily” on the global economy. The April 10-16 meetings at the IMF and World Bank headquarters will also focus on the effects of climate change, which is threatening lives and livelihoods around the world. The meetings bri
Emirates Telecommunications Group Company (etisalat by e&) announced on Monday its decision to buy a $400 million stake in the Super App developed by Uber Technologies and its subsidiary Careem. With this move, e& will become a majority shareholder in Careem’s Super App alongside Uber and all three of Careem’s co-founders, a statement issued by the ride-hailing company said. Super apps offer
Pakistan on Monday asked China to expedite the process for implementation of the first phase of $10 billion Mainline-1 (ML-1) — the 1,872km railway track along with associated facilities from Karachi to Peshawar — and $2bn Karachi Circular Railway (KCR) as agreed between the leadership of the two nations in November. Pakistan “requested strong support of National Development and Reforms Commis