K-Electric asked the National Electric Power Regulatory Authority (Nepra) on Wednesday not to pass on the full benefit of Rs6.62 per unit decrease in fuel cost in February to consumers and instead settle it against its past claims. The Nepra was holding a public hearing on monthly fuel cost adjustments (FCA) for electricity consumed in February, which showed the consumer had been overcharged to
The Punjab government announced on Wednesday a package of Rs15bn for farmers amid reports of falling wheat prices at the time of harvesting, with growers holding rallies in different parts of the province. Under the Wheat Support Fund, 550,000 wheat farmers will be given direct financial support through the Kisan Card. The government also announced an exemption for wheat farmers from paying
Record remittances in March prompted a significant rally at the Pakistan Stock Exchange (PSX) on Monday. This bullish performance came after a sharp decline on Friday, which was caused by retaliatory tariffs imposed by China on US goods, resulting in renewed volatility in global markets. Topline Securities Ltd said the bulls stood firm as the benchmark KSE 100 index posted a robust intraday gai
“EARLIER it was CPEC — a game changer! “Then, SIFC — agriculture export boom! “Now minerals! “All claimed to rain foreign investment $s!… final solution to foreign debt crisis! “Results zilch! “How long will we continue to be subjected to such gimmickry?” This was a recent tweet by Kaiser Bengali, an economist who has also served in government more than once, and it came shortly
Soneri Bank Ltd on Tuesday reported that its profit-after-tax fell 16.47 per cent to Rs1.470 billion for quarter ending on March 31 from Rs1.760bn. The bank’s board of directors in its 210th meeting approved the bank’s interim financial statements for the quarter ended March 31. The earnings per share declined to Rs1.04 during the quarter compared to Rs1.59 due to additional tax incidence