Quantifying the benefits of participating in a global economic event is challenging, as the outcomes often involve a time lag. The government has described Pakistan’s engagements at the World Economic Forum in Davos, Switzerland, last month as fruitful, citing a range of economic, diplomatic and reputational gains aligned with the country’s strategic priorities. Without details on the governmen
As the local bus assemblers have already been struggling hard to revive their sales amid ongoing imports of new buses, the Sindh government has planned to add 8,000 electric buses to the People Bus Service in phases. Around 1,500 buses are planned for the city in Phase 1 for the first year, with 50 already operational electric buses. Another 1,500 buses will be added to the fleet in the second
In a new twist to IMF’s push for transferring industrial captive power plants (CPPs) to the national power grid through a hike in gas rates and supply disconnections, gas companies are crying foul over losing long-term clients to private competitors. As if it was not enough, a state-owned enterprise has sought government clearance to import liquefied natural gas (LNG) to supply the CPPs if Sui
Despite a weaker rupee amid falling State Bank of Pakistan’s foreign exchange reserves, the stock market snapped a three-session losing streak on Thursday as bulls drove bears out on aggressive value-hunting across the board, propelling the benchmark KSE 100 index above the 113,000 level. Topline Securities Ltd said the market saw a positive turnaround, with the index dipping to an intraday low
In a bid to attract industrial captive power plants (CPPs) to the national grid and absorb surplus electricity capacity, the power division on Thursday directed all public and private electricity distribution companies to sign service-level agreements (SLAs) for improved power supply. In separate letters, the power division also shared with all the exWapda distribution companies (Discos) and K-