The Trading Corporation of Pakistan (TCP) has issued a new international tender to purchase 100,000 tonnes of white refined sugar, European traders said on Monday. The quantity is double the earlier procurement target of 50,000 tonnes. The deadline for submission of price offers is August 11. The announcement is believed to indicate that Pakistan will make no purchase in its previous tender
The price of electricity is expected to increase by one-fourth over the next eight years, according to a power division forecast, after a 50per cent increase in the past three years due to massive currency devaluation. The average tariff is projected at Rs29.70 per unit by 2034, up by Rs5.70 from the existing rate of Rs24, said the power division in a working paper shared with stakeholders in t
The Pakistan Stock Exchange (PSX) rallied to a historic high this week as investor sentiment turned bullish on the back of a newly signed trade agreement with the United States, better-than-expected fiscal performance, and a resilient corporate earnings season. The benchmark KSE-100 index gained 1.3 per cent week-on-week, closing at a record 141,035 points, up 1,828 points from the previous wee
The price of electricity is expected to increase by one-fourth over the next eight years, according to a power division forecast, after a 50per cent increase in the past three years due to massive currency devaluation. The average tariff is projected at Rs29.70 per unit by 2034, up by Rs5.70 from the existing rate of Rs24, said the power division in a working paper shared with stakeholders in t
Iran on Sunday expressed willingness to join the Silk Road initiative with Pakistan and China to get maximum benefits from the regional connectivity. Pakistan and Iran vowed to further expand their land and rail route linkages. The two sides made these commitments when Iranian Minister for Roads and Urban Development, Farzaneh Sadegh, who accompanied the Iranian president on the official vis