A GOOD example of how Pakistan is hunkering down further and further in the face of increasing scarcities is provided by natural gas. Pakistan has been blessed with abundant gas discoveries from a very early age, and one of the first public sector enterprises created in the country was Pakistan Petroleum in 1950. From a country with barely any energy sources, and practically no power generation
The rupee appreciated for the seventh consecutive session against the US dollar in the interbank market on Wednesday. The State Bank of Pakistan reported the greenback continued its losing streak and depreciated by 11 paise to close at Rs282.90 from Rs283.01 the previous day. Currency experts, however, said the meagre gains may not have any major impact but stopped the dollar from moving upw
The National Electric Power Regulatory Authority (Nepra) on Wednesday approved an additional across-the-board charge of Rs1.15 per unit for electricity consumers throughout the country, including K-Electric, and also concluded the process of imposing another Rs1.72 per unit on K-E consumers for the next three months — January to March 2024. Effectively, K-Electric consumers would have to pay a
The Gilgit-Baltistan Collectorate of Customs collected a record revenue of Rs5.525 billion from Sost dry port as duties and other taxes on goods imported from China through the Khunjerab Pass during July-December this year. GB Collector Customs Mohammad Arshad Khan told Dawn that the collectorate had collected Rs2.287bn more than last year’s collection of Rs3.238bn, an increase of 71 per cent.
While launching the Exim Bank of Pakistan (EBP), Caretaker Finance Minister Dr Shamshad Akhtar on Thursday announced the export finance schemes (EFSs) would stand transferred to the new institution after being phased out from the State Bank of Pakistan (SBP) because of legal compulsions. The minister said EFSs were being phased out from the SBP under the reforms programme as part of the