The Economic Coordination Committee (ECC) of the cabinet on Thursday decided to import 220,000 tonnes of urea from Azerbaijan on a government-to-government (G2G) basis, allowed Rs754 billion cash credit limits (CCL) to Punjab and Sindh for procurement of essential commodities and approved a further increase in gas price from January. The ECC meeting, presided over by caretaker Finance Minister
The National Electric Power Regulatory Authority (Nepra) on Thursday gave in to a demand of the Power Division to impose for 12 months an additional special surcharge at a flat rate of Rs1.52 per unit on all K-Electric consumers, except lifeline category with less than 100 units per month on a permanent basis. The additional surcharge will come into force from Dec 1 for up to November 2024 and
The benchmark of the Pakistan Stock Exchange closed at yet another all-time high on Wednesday amid a host of positive developments on the macroeconomic front. Arif Habib Corporation Ltd analyst Ahsan Mehanti said the ongoing recovery in the rupee’s value against the dollar as well as upbeat economic indicators on the current account deficit and home remittances played a key role in driving up m
The benchmark index of the Pakistan Stock Exchange (PSX) continued its momentum from the previous session on Wednesday and surpassed the 58,000 level. According to the PSX website, the KSE-100 index closed at 58,198.76 points, up 827.18 or 1.44 per cent from the previous close of 57,371.58 points, after trading in the green throughout the day. Last week, the benchmark of representative share
THERE is a debate in Pakistan on the foreign trade strategy we should pursue: export promotion, or import substitution? In much of the world, especially Southeast Asia, the debate has been won by export promotion to spectacular effect. We, however, are still confused, trying to carry out the best of both strategies and ending up with the worst of both. Import substitution is a strategy that see