The National Electric Power Regulatory Authority (Nepra) announced on Wednesday that electricity rates for consumers of ex-Wapda distribution companies (Discos) will be higher next month despite lower fuel costs. During a public hearing on fuel cost adjustments (FCA) for September’s electricity consumption, a Nepra case officer said that “there would be a net increase of 15 paise per unit for c
The revision of property valuation rates by the Federal Board of Revenue (FBR) for 47 cities across the country is expected to impact the real estate sector, particularly buyers and sellers, in the days to come. The FBR was supposed to revise valuation tables for 56 cities. However, the release of tables for nine cities has been delayed, an official told Dawn. These cities include Karachi, I
The bidding for the privatisation of Pakistan International Airlines (PIA) is scheduled for today (Thursday), with reports suggesting that only one of the six pre-qualified bidders has submitted the required earnest money to participate in the process. The Privatisation Commission had initially pre-qualified six bidders, including Fly Jinnah, a consortium led by YB Holdings (Pvt) Ltd, Airblu
The unabated aggressive buying amid growing economic optimism and easing political noise post-26th constitutional amendment aided the KSE 100 index to break another psychological barrier of 91,000 intraday on Tuesday. The anticipation of a significant cut in the benchmark interest rate early next month was another reason that kept investors in a bullish mindset as the market extended its record
The stock market extended its record-setting spree to a sixth straight session on Monday amid anticipation of a more significant cut in the policy rate, which fuelled the shifting of money from banks to the equity market, propelling the KSE 100 index to settle above 90,000 for the first time. Initially, the benchmark KSE-100 index suffered a loss of 261.24 points, hitting an intraday low at 89,