ISLAMABAD: The federal government has made amendments to the law for transferring the licence fee, renewal fee and spectrum auction proceeds received from telecom operators working in Azad Jammu and Kashmir (AJK) to the regional government. So far, the fee and proceeds got from the licensees have been parked in Pakistan Telecommunication Authority (PTA) as an agent of the AJK Council. Now, the
KARACHI: The stabilising Pakistani currency ticked down Rs0.04 and closed slightly below Friday’s four-and-a-half-month high at Rs279.08 against the US dollar in the inter-bank market on Monday. The currency recorded the nominal drop after Pakistan’s central bank reported that its foreign exchange reserves further decreased $54 million to $7.89 billion in the week ended March 1, 2024. It ind
Expressing condemnation of the over 220% increase in gas tariffs within one year, business leaders have appealed to the newly-elected government and the Special Investment Facilitation Council to take notice, review the situation, and primarily focus on research and development (R&D) aimed at ensuring alternative fuel sources for the local industry. In an interview with The Express Tribune, Pre
KARACHI: The benchmark KSE 100-share index continued to flirt with the 66,000-point level on an intraday basis but a close above that mark was still elusive despite a bullish beginning with a spike in trading volume on Monday. Topline Securities Ltd said the index remained in the green for most part of the session hitting an intraday high of 326 points at 66,119 after the new cabinet members to
Bitcoin raced to an all-time peak close to $72,000 on Monday as the world’s most popular cryptocurrency won further support on greater trading accessibility and dollar weakness. The virtual unit struck $71,829 as dealers also eyed an upcoming industry event that will tighten bitcoin supplies. Monday’s spurt extended last week’s record-breaking run when the currency bulldozed its way past the