Energy experts have urged the government to facilitate the immediate transition of Captive Power Plants (CPPs) to the grid system. They emphasised that this measure would not only stimulate power demand in the country but also make significant amounts of natural gas available for the power sector, aligning with the National Gas Allocation Policy of 2005 and Gas Supply Priority by the Economic Coor
Bangladesh Deputy High Commissioner in Karachi SM Mahbubul Alam has announced that direct flights between Pakistan and Bangladesh will commence soon, which will significantly bolster ties between the two nations and their business communities. He also revealed that an exhibition for importers and exporters of the two countries would be organised in Hyderabad in collaboration with the Hyderabad
Federal Minister for Finance Muhammad Aurangzeb has declared that the government will continue to press ahead with reforms to steer the country out of crisis and towards a positive economic growth. Speaking at the launch of the first sustainability-based online platform of ESG Sustain Pakistan under the auspices of the Securities and Exchange Commission of Pakistan (SECP) on Thursday, the finan
Pakistan's total liquid foreign reserves reached $16.6 billion as of November 29, 2024, according to the State Bank of Pakistan (SBP). These reserves include $12 billion held by the SBP and $4.6 billion held by commercial banks. The SBP reserves increased by $620 million during the week, primarily due to an official inflow of $500 million from the Asian Development Bank (ADB). Additionally, the
The Pakistan Stock Exchange (PSX) crossed yet another high on Thursday, surging past 108,000 after gaining more than 3,100 points as analysts attributed the rally to positive macroeconomic indicators. The benchmark KSE-100 index rose 3,134.63 points, or 2.98 per cent, to settle at 108,238.96 points from the previous close of 105,104.33 points at the end of today’s session. The rally continue