Performance by Discos contributed around Rs397 billion to Pakistan’s circular debt in fiscal year 2024-25, as inefficiencies in power distribution companies and persistent transmission bottlenecks…
Pakistan Stock Exchange (PSX) on Friday staged a strong comeback, breaking the long bearish momentum as snowballing forex reserves have lifted investor sentiment. During intraday…
The federal government has raised the petroleum levy (PL) on petrol by Rs4.62 per litre and Re0.80 on high-speed diesel. The move left consumers without…
The government on Thursday kept petrol and high-speed diesel (HSD) prices unchanged at Rs253.17 per litre and Rs257.08 per litre respectively, for the coming fortnight,…
Circular debt in the power sector has increased in the first five months of the ongoing financial year (FY). Sources told that the debt shot…
Oil prices plunged on Thursday after fears over instability in Iran were eased by comments from US President Donald Trump. West Texas Intermediate dropped 3.0…
Pakistan’s GDP growth is projected to remain at 3% in fiscal year 2025–26 before rising to 3.4% in fiscal year 2026–27, driven by a recovery…
Gold prices continued their sharp upward trend in both local and international markets on Wednesday, setting a new record for the third consecutive day. In…
Lahore Electric Supply Company (LESCO) has decided to purchase AMI single-phase smart meters at a cost of billions of rupees. In this regard, approval has…
Federal Minister for Finance and Revenue Senator Mohammad Aurangzeb has said that the government is fully aware of the challenges facing the economy, admitting that…