News

KAPCO resumes power generation as NEPRA clears tariff hurdles

Kot Addu Power Company Limited (KAPCO) has resumed supplying electricity to the national grid after more than two months, following a decision by the National Electric Power Regulatory Authority (NEPRA) to provisionally extend its tariff period, according to a press release. The plant had been offline since October 1 due to tariff limitations arising from the Indicative Generation Capacity Expa

Binance, JazzCash sign MoU for growth of virtual assets

Binance, the world’s leading global blockchain ecosystem and cryptocurrency exchange by trading volume and users, and JazzCash, Pakistan’s leading digital financial services platform and part of the VEON Group, have signed a Memorandum of Understanding (MoU) to explore potential collaboration aimed at supporting the responsible growth of virtual assets in the region. As Pakistan’s virtual asset

China continues to source nearly 51pc of global copper imports from global markets

China continues to source nearly 51 percent of its global copper imports from international markets, including Pakistan. Recognizing the increasing potential of this sector in 2025, Nazir Hussain, President Pakistan China Joint Chamber of Commerce and Industry (PCJCCI), emphasized the importance of integrating modern technology and advanced mining practices to further accelerate copper trade with

Punjab sugar output tops 0.43m tonnes this season

Sugar mills in Punjab have so far produced slightly over 0.43 million tonnes of sugar during the ongoing crushing season, supported by uninterrupted operations across the province, according to Cane Commissioner Punjab Amjad Hafeez. He stated that mills have completed crushing of 5.41 million tonnes of sugarcane to date, while total sugar stocks in Punjab have reached 0.54 million tonnes as of

SNGPL’s profitability declines to Rs14.6bn in FY2025

The profitability of the Sui Northern Gas Pipelines Limited (SNGPL) declined to Rs14.6 billion (EPS: Rs23.01) in fiscal year 2025 from Rs19 billion (EPS: Rs29.92) in fiscal year 2024, mainly due to a reduction in the Return on Assets (ROA) as the regulated return fell from 26.22 percent to 21.25 percent following a decline in the interest rate. According to Topline Securities, SNGPL conducted a