The government on Wednesday raised Rs421 billion through the auction of Pakistan Investment Bonds (PIBs) against the total bids of Rs1.5 trillion. The auction of long-term bonds reflected the government’s strategy to avoid short-term debt servicing, which creates fiscal imbalances each year. The auction was also crucial because the government exceeded the Rs350bn target while it remained r
The National Electric Power Regulatory Authority (Nepra) on Wednesday approved a Rs4.98 per unit refund for K-Electric consumers for November’s fuel cost adjustment (FCA), applicable in February bills. However, the regulator wondered why the utility should have a generation licence if it’s drawing more than two-thirds of its supply from the national grid. At a public hearing convened
Pakistan is working on launching a $250 million Green Impact Fund (GIF) to channel international commitments meant for climate change to finance green micro and small enterprises (MSMEs) in the country. The plan proposed by Karandaaz — a non-profit firm drawing funds from international donors — came under discussion at a meeting of the PM’s Committee on Social Impact Financing presided over by
Pakistan Stock Exchange (PSX) extended gains on Tuesday as the KSE-100 index closed up by over 550 points, driven by the easing of political uncertainty, rising global oil prices and expectations of a reduction in policy rate by the State Bank of Pakistan (SBP). While the bourse came under some selling pressure earlier in the trading session, when it dipped to the intra-day low of 113,836.61 po
Pakistan is showcasing its textile sector at the world's largest trade fair for home textiles, Heimtextil 2025, with a record number of exhibitors and a significant boost to its export prospects. The event, which commenced on January 14 in Frankfurt, Germany, features 2,800 exhibitors from 130 countries, with Pakistan emerging as the fourth-largest exhibiting nation. This year, Pakistan's parti