After witnessing a steep increase in liquidity inflows during the first six and half months of the current fiscal year, the private sector repaid a staggering Rs440 billion to banks in just two weeks. On Wednesday, the State Bank’s data showed that the money lent in the last quarter of 2024 started returning to the banks as the fear of a 15 per cent incremental tax on the advance-to-deposit rat
The National Electric Power Regulatory Authority (Nepra) on Wednesday notified a Rs1.23 per unit negative fuel cost adjustment (FCA) for the consumers of both ex-Wapda distribution companies (Discos) and K-Electric in the current month’s bills. The negative FCA for Discos was on account of electricity consumed in December, while it was against consumption in November in the case of K-Electric.
The Pakistan Stock Exchange (PSX) saw an increase on Tuesday, with the KSE-100 index rising by 1,641.10 points, or 1.47%, reaching a current index of 113,019.06 during intra-day trading. The index reached a high of 113,103.24 points and a low of 111,834.20 points during the trading session. Despite the positive movement in the index, trading activity remained high, with a total volume of 84,
Gold prices in Pakistan continued their upward trend, aligning with rising international rates. On Tuesday, the price of gold per tola rose by Rs100, maintaining a record high of Rs303,100 in the local market. Similarly, the price of 10 grams of gold increased by Rs86, reaching Rs259,859, as reported by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). This increase followed Mond
Minister for Industries and Production Rana Tanveer Hussain on Tuesday chaired a meeting of the Pakistan Sugar Manufacturing Association (PSMA) focused on important decisions related to the pricing and distribution of sugar across the country. The minister reaffirmed the government's commitment to ensuring sugar is available at affordable prices for the public, said a news release. He announced