With an unending rise in inflation, the electricity costs continued to go up as ex-Wapda Distribution Companies (Discos) and K-Electric have sought clearance to extract almost Rs30 billion more from their consumers amid heat waves in the country. In their separate tariff petitions, Discos are seeking to raise an additional Rs27bn from their consumers in July’s bill while KE has sought to extrac
Plagued by economic challenges amid an ‘inordinate’ delay in the revival of the International Monetary Fund (IMF) programme, civilian and military leaders on Tuesday devised an ‘economic revival plan’ to capitalise on “untapped potential in key sectors” and attract foreign direct investments. A statement issued by the PM Office said the meeting was chaired by PM Shehbaz Sharif and participant
Pakistan has qualified for the United Kingdom’s new preferential trade scheme, which allows Islamabad to avail duty-free exports to the UK markets. On June 19, the preferential trade programme called the Developing Countries Trading Scheme (DCTS) replaced the UK’s Generalised Scheme of Preference (GSP). Pakistan will be one of the 65 countries to avail lower tariffs on exports to the UK market.
ISLAMABAD: The country has failed to secure liquefied natural gas (LNG) from the spot market in its first attempt after a year-long break, as it received no bid for six shipments for the coming winter months. State-run Pakistan LNG Ltd (PLL), which last week floated short-term tenders for three cargoes each in October and December, announced on Tuesday that it received no bid for any of the del
Prime Minister Shehbaz Sharif on Wednesday said he planned to present Pakistan’s stance on the urgent need to restructure international financial institutions to address the challenges facing humanity. He made the remarks as he was departing for France to attend the New Global Financing Pact Summit in Paris. In a tweet, the premier emphasised that the summit provided a “unique opportunity” f