Pakistan and South Korea are set to sign a landmark Economic Partnership Agreement (EPA) to double the bilateral trade volume. Commerce Minister Jam Kamal has left for South Korea to sign the EPA with his counterpart in Seoul, marking a new era of economic collaboration between the two countries, according to an official announcement of the commerce ministry on Tuesday. Mr Kamal’s three-day
The National Electric Power Regulatory Authority (Nepra) on Tuesday notified negative fuel cost adjustment (FCA) of 76 paise per unit for ex-Wapda distribution companies (Discos) and 49 paise for consumers of K-Electric in January’s bills. The refunds were approved for Discos’ consumers for November and KE’s users in October. The KE had proposed a 27-paisa per unit refund for October consump
Minister of State for Information Technology and Telecom Shaza Fatima Khawaja held a meeting on Tuesday with a delegation from Starlink to discuss the progress on the licensing of the satellite-based internet service provider. Starlink Services, owned by Elon Musk, is one of the most technologically advanced companies globally among those providing internet via Low Earth Orbit (LEO) satellites.
After scaling a record peak in the overnight session, the Pakistan Stock Exchange (PSX) became bearish as news flow on political and economic fronts turned investors jittery, triggering profit-selling, forcing the benchmark KSE 100 index to close in the red on Monday. Ahsan Mehanti of Arif Habib Corporation said stocks remained under pressure amid political uncertainty, and the IMF’s stric
Last week, the Shehbaz Sharif government launched its ‘homegrown’ National Economic Transformation Plan: Uraan Pakistan. The five-year 2024/29 initiative is long on ambition, heavy on rhetoric and short on strategy, which it plans to employ to pull off the broader goal of making Pakistan a trillion-dollar economy in the next 10 years and a $3tr economy by 2047. At the core of Uraan Pakistan is