The provincial government of Khyber Pakhtunkhwa has successfully completed three hydropower projects of 63 megawatt (MW) electricity generating capacity; Rs.4.4 billion per annum for the province. Furthermore, the pace of work has also been accelerated on laying a 40-kilometer transmission line on the Swat Corridor, which will be completed next year and with its completion, cheap electricity pr
Advisor to KP CM on Finance Muzzammil Aslam has alleged that the flopped policies of the rulers have brought the country to brink of economic disaster and current year is ending with the highest unemployment in the country in 21 years, and highest poverty level of 78 years. In a statement here on Sunday, he said that Prime Minister Shehbaz Sharif has made 38 foreign trips in the past 22 months.
Gold extended gains on Monday, supported by a weaker dollar and softer US Treasury yields, as investors looked ahead to key US jobs data for clues on the Federal Reserve’s policy path, while silver steadied after a record-breaking run last week. Spot gold rose 0.4% to $4,320.65 an ounce by 0319 GMT. Bullion has climbed about 64% so far this year. US gold futures gained 0.6% to $4,354.00 a
Profit-taking continued at the Pakistan Stock Exchange (PSX) for the second consecutive day on Thursday, which brought major sectors under selling pressure, dragging the benchmark KSE-100 index down by nearly 900 points. Following an initial spike to the intra-day peak of 170,301, the market dived early in the day and registered a notable decline before midday. Thereafter, the bourse steadied f
Pakistan's foreign exchange reserves have crossed the $20 billion mark after the State Bank of Pakistan (SBP) confirmed the receipt of about $1.2 billion from the International Monetary Fund (IMF) under its Extended Fund Facility (EFF) and Resilience and Sustainability Facility (RSF). In a statement issued on Thursday, the central bank said the IMF executive board, in its meeting on December 8,