In one of the most damning indictments of malpractices and over-billing in the provision of electricity, the country’s power distribution companies have been accused of fleecing customers and overcharging them as much as 100pc. In a comprehensive inquiry, the National Electric Power Regulatory Authority (Nepra) has found that distribution companies across the country, without exception, were ov
Pakistan has been unable to secure a place on the schedule of the International Monetary Fund’s (IMF) executive board, at least until mid-December, for the approval of the staff-level agreement (SLA) and disbursement of $700 million. Informed sources said the Ministry of Finance had been trying its best to seek a date in the first week of December to ensure approval of SLA with Pakistan for t
The benchmark index of the Pakistan Stock Exchange (PSX) continued its upward journey in the outgoing week. The KSE-100 index maintained its unrelenting bullish momentum to finally settle at an all-time high of 61,691 points after gaining 4.4 per cent on a week-on-week basis, according to AKD Securities Ltd. Although the market participation witnessed a dip of 6.7pc from the preceding
PAKISTAN is one of the countries most vulnerable to climate change. It has paid a massive cost over the years due to recurring climate events that not just destroy infrastructure, but also livelihoods, while having a very high human cost. The floods that ravaged the southern half of the country led to direct losses of more than $30 billion, while indirect losses that can be attributed to a disr
The export of services maintained a positive trajectory for the fourth consecutive month rising 5.63 per cent year-on-year to $656.03 million in October. The downturn in commodity exports also reversed in November and October after a continual fall in the current fiscal year, according to data compiled by the Pakistan Bureau of Statistics. In rupee terms, the export of services grew 34.26pc