Electricity consumers may need to brace for another jolt as power distribution companies have proposed a tariff increase of up to Rs2.48 per unit. The companies have requested permission from the National Electric Power Regulatory Authority (NEPRA) to collect an additional Rs3.488 per unit from consumers under the fuel charges adjustment (FCA) for April 2024. The Central Power Purchasing Age
The boards of eight power distribution companies, which were constituted by the previous Pakistan Democratic Movement (PDM) government, were sacked on Monday over allegations of causing a colossal loss of Rs589 billion for this fiscal year. The PML-N government also decided to enlist the services of the military and intelligence agencies to enhance governance in these power distribution compani
Bearish momentum dominated the Pakistan Stock Exchange (PSX) on Monday as shares declined by more than 250 points following the International Monetary Fund (IMF) visit. Shortly after the opening bell, the benchmark KSE-100 index continued to trade sideways until 10:30, the KSE-100 then continued a downward trajectory, shedding 416.91 points, 0.55 per cent, to stand at 74,925.43 from the previou
Gender equality is not just a basic human right. It is also a cornerstone of a thriving, contemporary economy that fosters sustainable, inclusive growth. Acknowledging that gender equality is crucial ensures that both men and women can contribute fully to advancing societies and economies. The path forward is challenging. According to a report by the Organisation for Economic Co-operation and D
Bank Alfalah Ltd (BAFL) on Monday announced that it had been given the go-ahead by the State Bank of Pakistan to conduct due diligence on Samba Bank. In a stock filing, the bank referred to its April 9 announcement for acquisition of 84.51 per cent shares of Samba Bank held by Saudi National Bank.