KARACHI: The anxiety among businessmen is yet to subside after the elections, as they believe that only a significant drop in power, gas, and interest rates can revive economic activities and attract investors, making the working environment less tense and challenging. CEO of the Pakistan Business Council (PBC), Ehsan Malik, emphasised that a faltering economy demands astute management and cann
KARACHI: The financial market dealing with foreign exchange is tense on reports about the expected higher dollar outflows. Sources in the financial sector not willing to be quoted said the State Bank of Pakistan (SBP) is currently burdened with arranging $1.8 billion for repayment of a Chinese loan due in March. “The Ministry of Finance has yet not provided local currency equivalent to $1.8b
ISLAMABAD: A four-member independent inquiry committee on ‘Abject Failure — Illegal Overbilling’ confirmed the power regulator’s overcharging allegations against all the distribution companies (Discos) across the country but absolved them of ‘deliberate and mala fide’ fleecing while shifting some blame on to the then PDM-led coalition government’s decision-making. All the members of the inquiry
ISLAMABAD: The prices of petrol and high-speed diesel (HSD) are estimated to increase by Rs1-4 per litre on Thursday (February 29) for the next fortnight due to minor adjustments in international prices, import premiums, and the exchange rate. Informed sources said that the prices of both major petroleum products — petrol and HSD — moved slightly in both directions (10 to 50 cents per barrel) i
KARACHI: The rejection of the summary for convening a National Assembly session by President Arif Alvi ended the overnight political optimism for the smooth formation of the PML-N-PPP coalition government in the Centre, as a result the benchmark KSE 100-share index closed the topsy-turvy session in the red on Tuesday. Ahsan Mehanti of Arif Habib Corporation said stocks remained under pressure