In a rare move, the National Electric Power Regulatory Authority (Nepra) has imposed a Rs50 million fine on a public sector electricity generation company for misleading regulatory filing negatively affecting electricity rates and issued show-cause notices to two other SOEs in the power sector for violation of rules and regulations. In its order, the regulator imposed a Rs50m fine on Central Po
The exports of textile and clothing recorded an increase of nearly 9.51 per cent in the first quarter of FY25 amid concerns that the industry was experiencing a slump, Pakistan Bureau of Statistics data showed on Thursday. The exports from the sector had a negative growth of 3.09pc in July, which rebounded 13pc in August and 17.92pc in September. Many experts believe that the textile sector
The stock market continued its record-breaking streak for the second straight session as investors picked shares in select sectors amid the peaceful holding of the Shanghai Cooperation Organisation (SCO) summit on Wednesday, pushing the KSE 100 index to close the session above 86,000 for the first time. Ahsan Mehanti of Arif Habib Corporation stated that stocks closed at a record high during t
More than half of the world’s electricity will be generated by low-emission sources before 2030 but the deployment of clean energy is “far from uniform” across the globe, the International Energy Agency said Wednesday. Demand for oil, gas and coal is still projected to peak by the end of the decade, possibly creating a surplus of fossil fuels, the IEA said in its annual World Energy Outlook.
The government raised Rs716 billion by selling treasury bills (T-bills) on Wednesday, exceeding the auction target of Rs400bn against a maturing amount of Rs1.04 trillion, announced the State Bank of Pakistan. Contrary to the expectations of a significant reduction in the wake of falling interest rates, the cut-off yields were slightly reduced. The cut-off yields for three- and six-month ten