As exporters sought a 15-day extension, Commerce Minister Jam Kamal Khan said on Monday that the ban on onion exports was only for Ramazan till April 15, and no extension was under consideration. The minister stated this while talking to media persons after a meeting with the office-bearers of the Pakistan Business Council (PBC). As the export ban has failed to provide any price relief, expo
The Engineering Development Board (EDB) has issued 34 licences to manufacturers of two- and three-wheelers under the Electric Vehicles Policy for 2020-2025, as part of the transition from traditional fuel-powered automobiles to EVs. At the same time, private partners are jumping into EV manufacturing, said Asim Ayaz, a senior EDB official, in a speech during a webinar at the Sustainable Develop
The quantum of remittances increased to almost $3 billion in March, taking it to the highest level since April 2022, primarily due to Ramazan, according to the central bank’s data. The total remittances in March stood at $2.95bn compared to $2.25bn in Feb, a month-on-month increase of 31.2pc. The year-on-year increase was 16.4pc, compared to the inflows of $2.54bn in March 2023. This is the
Consumers will pay Rs4.92 per unit extra next month for electricity consumed in February, after the power regulator approved the hike as additional fuel cost adjustment (FCA). The National Electric Power Regulatory Authority (Nepra) notified the increase on Monday. It will impact consumers of all ex-Wapda distribution companies (Discos), generating a net financial impact of about Rs45bn. T
Amid ongoing economic optimism, the stock market maintained a robust outlook, extending a surprise record-breaking spree in the last days of Ramazan by scaling a new peak in the outgoing short week. Arif Habib Ltd (AHL) said the market continued its positive momentum throughout the four-day trading week, hitting an all-time high above the 68,000 level. The market sentiment was fuelled by a sha