The National Electric Power Regulatory Authority (Nepra) on Wednesday approved a Rs4.98 per unit refund for K-Electric consumers for November’s fuel cost adjustment (FCA), applicable in February bills. However, the regulator wondered why the utility should have a generation licence if it’s drawing more than two-thirds of its supply from the national grid. At a public hearing convened
Pakistan is working on launching a $250 million Green Impact Fund (GIF) to channel international commitments meant for climate change to finance green micro and small enterprises (MSMEs) in the country. The plan proposed by Karandaaz — a non-profit firm drawing funds from international donors — came under discussion at a meeting of the PM’s Committee on Social Impact Financing presided over by
Pakistan Stock Exchange (PSX) extended gains on Tuesday as the KSE-100 index closed up by over 550 points, driven by the easing of political uncertainty, rising global oil prices and expectations of a reduction in policy rate by the State Bank of Pakistan (SBP). While the bourse came under some selling pressure earlier in the trading session, when it dipped to the intra-day low of 113,836.61 po
Pakistan is showcasing its textile sector at the world's largest trade fair for home textiles, Heimtextil 2025, with a record number of exhibitors and a significant boost to its export prospects. The event, which commenced on January 14 in Frankfurt, Germany, features 2,800 exhibitors from 130 countries, with Pakistan emerging as the fourth-largest exhibiting nation. This year, Pakistan's parti
Pakistan and Saudi Arabia are in the "advanced" stages of negotiations regarding a significant investment in Pakistan’s copper and gold mines, according to Petroleum Minister Musadik Malik. The talks focus on Reko Diq, one of the world’s largest underdeveloped copper and gold mines, located in Balochistan province. The mine is jointly owned by Canadian firm Barrick Gold Corp. and Pakistan. Last