Pakistan and Turkiye on Monday set their sights on enhancing annual bilateral trade to $5 billion, besides intensifying their defense collaboration as the two countries prepared for their upcoming high-level bilateral summit. Deputy Prime Minister and Foreign Minister Ishaq Dar, while speaking at the Foreign Office after a meeting with visiting Turkish FM Hakan Fidan, said the two sides agreed
The government has sought the National Electric Power Regulatory Authority’s (Nepra) approval for an additional fuel cost adjustment (FCA) of Rs3.5 per unit to extract over Rs29 billion from consumers for electricity they consumed in April. Surprisingly, this demand comes despite the fact that 75 per cent of the overall power supply during the month was generated from cheaper local fuels. Th
The Cabinet Committee on State-Owned Enterprises (CCoSOEs) made a significant decision on Monday, approving the Power Division’s proposal for the nomination of independent directors for specific electricity distribution companies. This decision, which is now set for onward submission to the cabinet, is very important for the future of these companies. The committee meeting, chaired by Fi
The Pakistan Stock Exchange (PSX) crossed another milestone of 75,000 as jubilant investors continued value-hunting in the outgoing week amid an improved economic outlook. Arif Habib Ltd (AHL) said the market performed robustly in all five sessions of the week, closing at an all-time high of 75,342 points. The bullish market sentiment was fuelled by optimism surrounding the potential negotiatio
Gender equality is not just a basic human right. It is also a cornerstone of a thriving, contemporary economy that fosters sustainable, inclusive growth. Acknowledging that gender equality is crucial ensures that both men and women can contribute fully to advancing societies and economies. The path forward is challenging. According to a report by the Organisation for Economic Co-operation and D