The National Electric Power Regulatory Authority (Nepra) on Wednesday called on the government to seriously work on corrections in power generation contracts to provide substantial relief amid widespread public outcry over a tariff increase of up to Rs7.12 per unit. During a public hearing, Nepra also announced it had taken notice of last month’s overbilling by distribution companies due to ch
The government on Wednesday notified 15 per cent increase in pensions and 20-25pc increase in salaries of the public servants with effect from July 1. In a series of notifications issued by the Ministry of Finance, the government also restricted public servants from drawing more than Rs1 million per annum on account of their membership on the boards of directors of various corporate entities.
Prime Minister Shehbaz Sharif assured the National Assembly on Wednesday that the government has not decided to export wheat from the country, even as the State-Owned Enterprises (Governance and Operations) Bill, 2024 was rushed through the legislature. This controversial amendment, which allows the government to remove board members of SOEs based on recommendations from the board nomination
The stock market continued its record-setting spree on Tuesday amid growing optimism about reaching a Staff-Level Agreement with the International Monetary Fund (IMF) soon, propelling the index to a new peak above 81,000 intraday. Ahsan Mehanti of Arif Habib Corporation said stocks closed at an all-time high amid speculation in the earnings season at PSX. This was led by selected oil and bankin
The price of 250ml packaged milk has gone up from Rs75 to Rs95 and that of a one litre from Rs295 to Rs360. Welcome to the new world of high inflation! The government has set an inflation target of 12 per cent for this fiscal year. But skyrocketing of prices from the beginning of the year from July 1 indicates that meeting this target would be difficult. In the last fiscal year, consumer inf