Finding it extremely difficult to survive amid dwindling foreign exchange reserves and import curbs with a weaker rupee and unprecedented inflation, the business community has sought out-of-the-box solutions in the upcoming budget to prevent industry closures and job losses. During a meeting with the Senate Standing Committee on Finance and Revenue on Tuesday for discussing budget proposals fo
With a majority vote, the National Electric Power Regulatory Authority (Nepra) on Tuesday rejected on technical grounds, rather than on its merits, a federal government’s request to increase electricity tariff for K-Electric consumers by an average Rs3.5 per unit for three months. Interestingly, Nerpa had conducted the joint public hearing on two requests by the government for increasing the KE
Pakistan exported a significant quantity of sugar during the February-April period of this fiscal year which pushed up domestic retail prices of the sweetener. In comparison to the same period last year, where there were no foreign sales, the country successfully exported a substantial quantity of 212,896 tonnes of sugar in FY23, according to data compiled by the Pakistan Bureau of Statistics.
Welcoming the inauguration of the Pak-Iran border market, Pakistan Business Forum (PBF) leader Ejaz Tanveer has suggested re-launching a cargo train between Pakistan, Iran and Turkiye to reap the maximum benefit of formal trade between the three countries. “A successful experience has already been done in the near past and should be initiated on a permanent basis which can lead to increased tra
A bearish trend prevailed on the Pakistan Stock Exchange on Monday with equities trading on the lower side throughout the trading session. Topline Securities said the dollar traded at over Rs300 in both open and kerb markets while continuous uncertainty on the International Monetary Fund loan programme as well as growing noise on the political front were the likely reasons for negative sentimen