Three hydropower projects initiated under the supervision of the Provincial Energy Development Organization (PEDO) will start producing 330 megawatt (MW) electricity within next two years. Secretary Energy and Power, Khyber Pakhtunkhwa, Mohammad Zubair has said that work is also underway on three hydropower projects in Swat. The projects of 330 MW capacity will start production in next two year
The Pakistani rupee gained against the US dollar, appreciating 0.06% during Monday’s opening hours of trading in the inter-bank market. At 10:10am, the currency was hovering at 281.10, a gain of Re0.16 against the greenback. During the previous week, the Pakistan rupee posted a marginal gain as it appreciated by Re0.11 or 0.04% against the US dollar in the inter-bank market. The local unit c
Equities opened positively with the benchmark KSE-100 Index crossing the 169,000 level for the first time in history during the opening minutes of trading on Friday. At 9:35am, the benchmark index was hovering at 169,007.04, an increase of 517.42 points or 0.31%. Buying interest was seen in key sectors, including automobile assemblers, cement, commercial banks, fertiliser, oil and gas explor
The Pakistan Stock Exchange (PSX) extended its winning streak on Thursday, with the benchmark KSE-100 index closing above the 168,000-point mark for the first time, marking its sixth consecutive record-setting session. The index finished the day at 168,489.63, up 2,849.29 points, or 1.72 per cent. It briefly peaked at an intraday high of 168,619. The bullish momentum was largely driven by sus
American multinational corporation Procter & Gamble said on Thursday that it would wind down its manufacturing and commercial activities in Pakistan and rely on third-party distributors to continue to serve customers as part of a restructuring programme. The news comes as various multinational corporations (MNCs) have pulled their operations from Pakistan over the past three years, including El