News

Govt rebuffs Aptma’s concerns on IGCEP

The Power Division has dismissed concerns raised by the All Pakistan Textile Mills As­­sociation (Aptma) regarding the government’s power generation planning, particularly the Indicative Gen­eration Capacity Expansion Plan (IGCEP) 2025-35. In its comments sent to the National Electric Power Regulatory Authority (Nepra), the Power Division rejected Aptma’s criticism, describing it as flawed and

Consumers to pay Rs2 under fuel tariff adjustment

After several months, a fuel cost adjustment will add Rs2 per unit to the burden of power consumers across the country, including Karachi, in October, despite more than 76 per cent power generation coming from cheaper domestic sources. Testifying before a public hearing, Rehan Akhtar, chief executive officer (CEO) of the Central Power Purchasing Agency (CPPA) — a government subsidiary — said th

Interest-free loan scheme for e-bikes, rickshaws

The federal government has launched a cost-sharing, interest-free loan scheme for electric bikes, rickshaws, and loaders to promote energy efficiency and green technologies in the automotive sector. According to a circular issued by the State Bank of Pakistan (SBP) on Monday, the scheme titled Cost Sharing Scheme for Electric Bikes and Rickshaws or Loaders will provide interest-free loans to en

Gold hits Rs403,600 per tola

Gold prices reached a record high of Rs403,600 per tola on Monday, up Rs5,900 from Saturday, as consumers continue to face fluctuating rates announced by the gold trade body. According to the All Pa­­kis­­tan Gems and Jewel­lers Association (APGJSA), the official one-tola bullion rate peaked at Rs398,800 on Sept 23. However, traders were already quoting rates bet­ween Rs401,100 and Rs401,600

Trading Corporation of Pakistan buys 80,000 tonnes of sugar

State-run Trading Corporation of Pa­­­kistan (TCP) issued a tender to purchase 100,000 to­­­nnes of white refined su­­gar and is believed to have bought 80,000 tonnes in a tender that closed last week, European traders said on Monday. The deadline for price offers in the new international tender is Oct 6, with sugar arrival in Pakistan sought around Nov 15. Traders said that following contin