The National Electric Power Regulatory Authority (Nepra) on Tuesday notified a 17-paisa per unit negative fuel cost adjustment (FCA) for K-Electric consumers. The negative FCA would be adjusted to consumer bills during December. KE had proposed a 16-paisa refund to consumers for September consumption that was increased to Rs0.1758 by the regulator with a net revenue impact of Rs276 million to t
The IT industry has claimed that one hour of internet outage or disruption results in a loss of more than one million dollars for the whole sector, including export businesses. In a media talk on Tuesday, Pakistan Software Houses Association (P@sha) Chairman Sajjad Mustafa Syed said authorities have acknowledged that Virtual Private Networks (VPNs) cannot be banned as there was no law to do so
Prime Minister Shehbaz Sharif on Tuesday emphasised the need for strong political will and global leadership to address the global water crisis, which poses an existential threat to nations worldwide, and urged the international community to take action to safeguard rapidly depleting water resources. Speaking at the ‘One Water Summit’ in Riyadh, PM Shehbaz stressed that “water scarcity is the w
With almost $29 billion in loans, China has become Pakistan’s largest creditor. The nation, home to 240 million people, also ranks among the top three loan recipients from the International Monetary Fund (IMF) this year, according to a World Bank report. The World Bank’s International Debt Report released on Tuesday notes that Pakistan’s high debt-to-export and debt-to-revenue ratios indicat
Bulls continued to maintain their control over the Pakistan Stock Exchange (PSX) as shares climbed over 1,900 points on Monday as investors expected a dip in the inflation reading for the month of November. The benchmark KSE-100 index climbed 1,248.84 points, or 1.23 per cent, to stand at 102,606.16 points from the previous close of 101,357.32 points at 11:06am. Finally, the index closed at 103