The Pakistan Stock Exchange (PSX) on Wednesday managed modest gains, a day after losing 900 points as foreign selling eased. On Tuesday, the stock market had posted another major decline of 1.5 per cent due to investor concerns over political noise and security unrest in the country. It was the fourth consecutive drop on the market, with the KSE-100 index having lost nearly 3,000 points since
The National Electric Power Regulatory Authority (NEPRA) has deferred its decision regarding the request from power distribution companies (DISCOs) to raise the electricity price by Rs5.6194 per unit, citing fuel charges adjustment (FCA) for December 2023. Earlier, the Central Power Purchasing Agency (CPPA), at the behest of DISCOs, submitted an application to NEPRA seeking an increase in elect
The National Electric Power Regulatory Authority (NEPRA) has deferred its decision regarding the request from power distribution companies (DISCOs) to raise the electricity price by Rs5.6194 per unit, citing fuel charges adjustment (FCA) for December 2023. Earlier, the Central Power Purchasing Agency (CPPA), at the behest of DISCOs, submitted an application to NEPRA seeking an increase in elect
Pakistan’s central bank has allowed commercial banks to make up to 100% import payment in advance without acquiring prior approval, liberalising the import regime after the country’s foreign exchange reserves improved recently. The softening of trade instructions rules aims to instil confidence in foreign sellers and domestic buyers, potentially easing the hardships faced by traders on imports
Pakistan’s central bank has allowed commercial banks to make up to 100% import payment in advance without acquiring prior approval, liberalising the import regime after the country’s foreign exchange reserves improved recently. The softening of trade instructions rules aims to instil confidence in foreign sellers and domestic buyers, potentially easing the hardships faced by traders on imports