Nepra’s revised Multi-Year Tariff (MYT) determination for K-Electric (KE) puts the government’s privatisation agenda at risk, while also adversely affecting Karachi’s stability, stated energy experts and industrialists on Saturday during a webinar organised by the Policy Research Institute of Market Economy (PRIME) titled ‘Karachi’s Energy Security: Challenges & Opportunities’. The session was mod
Pakistan’s real estate sector is entering a new era of professionalism, transparency, and disciplined growth. Talking to Business Recorder, the Eighteen CEO Dr Mohamed Mansour noted that “the market will be shaped by developers with vision and integrity — and Eighteen is part of that transformation, setting a new standard for what luxury real estate in Pakistan can and should represent.” A s
Oil prices rose in early trade on Monday after U.S. and Chinese economic officials sketched out a trade-deal framework, easing fears that tariffs and export curbs between the world’s top two oil consumers could dent global economic growth. Brent crude futures rose 46 cents, or 0.7%, to $66.40 a barrel by 0027 GMT. US West Texas Intermediate crude futures rose 46 cents, or 0.75%, to $61.96, a
The Pakistan Stock Exchange (PSX) endured a notable shift in momentum on Wednesday as early gains faded amid aggressive profit-taking during the closing hours, dragging the benchmark KSE-100 index into the red. The trading session began on a bullish note, buoyed by encouraging corporate earnings and signs of macroeconomic stability. This initial wave of optimism pushed the KSE-100 up by more th
Oil prices rose 5% on Thursday after the US imposed sanctions on major Russian suppliers Rosneft and Lukoil over the Ukraine war, extending gains from the previous session. Brent crude futures were up $3.39, or 5.4%, at $65.98 a barrel at 1018 GMT, while US West Texas Intermediate crude futures were up $3.31, or 5.7%, at $61.81. The US sanctions mean refineries in China and India, major buye