Pakistan has selected six companies qualified to bid to buy national carrier Pakistan International Airlines (PIA), the privatisation minister said on Monday. The announcement came a couple of weeks after Pakistan had extended the date for submitting expressions of interest. A total of eight companies and consortiums had expressed an interest. Air Blue, Arif Habib Corporation, Blue World Cit
As the National Electric Power Regulatory Authority (Nepra) on Monday notified Rs1.90 per unit additional cost to nationwide consumers for June, followed by 93 paise each in July and August, K-Electric piled up another fuel cost claim for April on top of its existing Rs18.6 per unit petition for the past nine months pending before the power regulator. In its fresh request to Nepra, KE presented
The announcement of the federal budget for 2024-25 remains in unusual limbo, with key customary ingredients still missing, casting doubts on its presentation in parliament on June 10. Sources said the critical National Economic Council (NEC) meeting, essential for reviewing the current year’s macroeconomic situation and development programme and approving the next year’s economic and develop
After a few sluggish performances, the stock market staged a spectacular rally on Friday on economic optimism, driving the benchmark KSE 100 index close to the 76,000 level as investors remained busy in value-hunting. Speaking to Dawn, Ahsan Mehanti of Arif Habib Corporation credited the pre-budget rally to widespread buying triggered by reports of a significant increase in the PSDP size to Rs1
Pakistan ranks the eighth most vulnerable nation on the Global Climate Risk Index 2021 and is among the top three for global air pollution levels. This vulnerability is compounded by factors such as El Niño, which disrupts agriculture and water resources, highlighting the critical need for comprehensive climate risk management. The country is expected to encounter a food shortage of 70 million