The National Electric Power Regulatory Authority (Nepra) announced on Tuesday that it would withhold a decision on the proposed hike in security deposit rates until the completion of a thorough audit of the deposits taken by power distribution companies (DISCOs). At a public hearing, DISCOs faced the wrath of the power-sector regulator and interveners over the proposed substantial increase in s
Amid relative political calm and strong economic data, the stock market extended its overnight recovery drive as investors remained busy picking shares at attractive valuations, tossing the benchmark KSE 100 index above 113,000 on Tuesday. Topline Securities Ltd said bulls tightened their grip as the Pakistan Stock Exchange (PSX) witnessed strong upward momentum, hitting an intraday high of 1,8
Mexico, Canada and the European Union on Tuesday condemned US President Donald Trump’s decision to impose tariffs on all steel and aluminium imports next month, a move that has fanned fears of a trade war. Trump signed proclamations late on Monday raising the US tariff rate on aluminium to 25 per cent from his previous 10pc rate and eliminating country exceptions and quota deals as well as hund
After more than two years, Pakistan on Tuesday celebrated the arrival of the US soybeans at Fauji Akbar Portia Marine Terminals Ltd. About 265,000 tonnes of US soybeans will arrive over the next few months. This will benefit poultry farmers by providing greater access to superior quality feed and improved feed conversion ratios, ultimately leading to profitable outcomes. All-Pakistan Solvent
The Privatisation Commission has appointed financial advisers to facilitate divesting Faisalabad, Gujranwala and Islamabad power distribution companies by the end of 2025. The commission signed Financial Advisory Services Agreement (FASA) on Tuesday with the consortium led by Alvarez & Marsal Middle East Ltd and including International Consulting Associates (Pvt) Ltd (iConsult), Yousuf Adil Cha