The government on Tuesday sought private sector support in routing their cargoes through Gwadar Port whose capacity utilisation has remained far short of its potential owing to insufficient marketing. At a meeting on the commercialisation of the port, the National Logistic Cell (NLC) contested criticism from the Planning Commission over its purported higher rates. The meeting, second in less th
The federal cabinet on Tuesday approved a new power supply system for special economic zones (SEZs) and industrial estates, aiming to accelerate industrial development and simplify electricity management. According to the Prime Minister’s Office (PMO), the Cabinet Committee on Energy allowed the provision of power supply to SEZs and industrial estates at a single point and allowed their managem
The government retired Rs1.541 trillion in commercial banks’ debt during the first half of the current fiscal year against a net borrowing of Rs3.74tr in the same period last year, reflecting improved fiscal management. The State Bank of Pakistan (SBP) data issued on Tuesday showed that during the July 1-3-Jan 3 period of FY25, the government emerged as a net debt retiring institution despite b
Amid a relative political calm and improved economic outlook, the stock market witnessed an across the board buying spree at attractive valuations, helping the benchmark KSE 100 index staged an impressive rally on Monday. Ali Najib, Head of Sales at Insight Securities, said it was a clear sky day at PSX as the index floated easily during the trading hours and settled at 114,230, an increase of
With energy minister Awais Khan Leghari listing the planned 300MW Gwadar coal power plant amongst projects considered unaffordable for the consumers and hinting at scrapping it — along with several other proposed generation schemes of 10,000MW — the future of the long-stalled project appears more uncertain than ever. The ‘warning’ comes at a time when the imported coal-based plant’s Chinese dev