n a move to curb escalating electricity costs and expand renewable energy use, Cherat Cement Company Limited (CHCC) has decided to install a 25 megawatt (MW) battery energy storage system alongside a 5.4MW solar power plant at its Nowshera manufacturing facility. The listed company engaged in the manufacturing of cement disclosed the development in its notice to the Pakistan Stock Exchange (PSX
The Pakistan Stock Exchange (PSX) registered a notable fall on Wednesday as caution gripped investors amid escalating geopolitical tensions, particularly between the US and Iran and fears of a potential US strike on Tehran that lifted oil prices The benchmark KSE-100 index dropped 1,381.69 points, or 0.75%, to close at 182,569.82, after swinging between the intra-day high of 184,727 and the low
Pakistan's broad money (M2) supply rose to Rs41.63 trillion, registering a week-on-week increase of Rs346 billion. On a fiscal year-to-date basis, M2 has expanded by Rs838 billion, while the calendar year-to-date growth stands at Rs346 billion. On an annual basis, the broad money recorded a substantial rise of Rs6.01 trillion, supported by higher deposit mobilisation and balance-sheet expansion
The Power Division has announced that the industrial cross-subsidy burden has been reduced from Rs225 billion (Rs8.9 per unit) in March 2024, when the current government took charge, to Rs102 billion (Rs4.02 per unit) now, which represents a substantial reduction of Rs123 billion. The industrial tariff, including tax, dropped from Rs62.99 per unit in March 2024 to Rs46.31 per unit by December 2
Pakistan's textile sector has entered 2026 at a defining juncture, with its long-standing export model facing mounting pressure from tightening global regulations, intensifying competition and domestic cost constraints. After a modest recovery in 2025 that lifted textile exports to around $17.85 billion, industry leaders now warn that the sector's preferential access to European markets under the