Cotton picking has started in most coastal towns of Sindh and a few areas of Punjab as some ginners have announced making their factories operational in the first week of June. Though picking during the last season had begun a few days earlier than this season, the volume of cotton arrivals in the market was much more than this May. However, the downward trend of cotton prices in the local a
China is ready to work with Pakistan to develop an “upgraded version” of the China-Pakistan Economic Corridor (CPEC) project, Foreign Minister Wang Yi told his Pakistani counterpart on Wednesday. In talks with Ishaq Dar, Pakistan’s new deputy prime minister, Wang hailed the “ironclad” relationship between the neighbouring countries and pledged to advance CPEC, the South China Morning Post repo
The study by Islamabad-based think tank has blamed the obsolete and inefficientpower plants for circular debt crisis in the country. The report by Centre for Research and Security Studies (CRSS) highlighted the challenges facing Pakistan’s power sector and criticised the officials for their deliberate negligence. The report titled ‘Circular Debt Reduction Is Possible In a Single Click to Sav
The government has formally sought about a 25 per cent increase in the base national electricity tariff to become effective from July 1, 2025, to secure a revenue requirement of about Rs4 trillion in FY25 for power companies. The National Electric Power Regulatory Authority (Nepra) has called a public hearing on May 23 to examine a petition filed by the Central Power Purchasing Agency (CPPA) of
The remarkable rally continued at the Pakistan Stock Exchange (PSX) on Tuesday as bulls powered the KSE-100 index to a new record peak above 74,500 points in what analysts said was deep investor interest ahead of budget announcement amid hopes of a larger IMF loan deal. Despite initially trading at the intra-day low of 73,977 points, the index swiftly gathered steam. Citibank’s projection of a