Pakistan’s power distribution sector continues to show uneven progress on health, safety and environmental (HSE) standards, according to the National Electric Power Regulatory Authority’s (NEPRA) HSE Performance Evaluation Report for fiscal year 2024–25. Among distribution utilities, K-Electric was placed in the “Outstanding” category with the highest score of 91 out of 100, reflecting a level…
The Federal Government has appointed Mr. Shahzad Iqbal as Member (Gas) of the Oil and Gas Regulatory Authority (OGRA). Mr. Iqbal brings 35 years of extensive regulatory and sectoral experience to the Authority, with a distinguished career in Pakistan’s oil and gas sector. Prior to this appointment, he served in senior leadership roles within OGRA’s…
The Grand Alliance of Private School Associations Sindh has announced a province-wide shutter-down strike for schools and colleges on January 9 across. The decision follows protests over actions taken by the Anti-Corruption Establishment regarding verification of free admissions in private educational institutions across Sindh. GAPSAS leaders announced the move during a press conference held today…
Pakistan’s salaried class remained the largest contributor to national taxes during the first six months of the current fiscal year, according to official FBR data. The FBR said salaried employees paid Rs266 billion in income tax, an increase of Rs23 billion compared with the same period last year. Officials said salaried individuals pay up to…
Gold prices in Pakistan rose on Tuesday, reflecting gains in international markets, with local rates increasing during the day, according to market data. In the local market, the price of gold per tola climbed to Rs467,962 after rising by Rs3,200 over the course of the day. Similarly, the price of ten gram gold increased to…
The Pakistan government plans to seek a rollover of a three billion dollar loan from the United Arab Emirates, according to official sources. Prime Minister Shehbaz Sharif is expected to write to UAE President Sheikh Mohamed bin Zayed Al Nahyan, requesting rollover of three loan tranches. Sources in the Ministry of Finance said preparatory work…
The KSE-100 Index closed at a fresh all-time high, rising 2,653 points amid strong institutional buying. The KSE-100 Index concluded the trading session on a strong note, registering a fresh all-time high at 185,062 points, reflecting a gain of 2,653 points. The benchmark index remained volatile throughout the day, reaching an intraday high of 185,481…
Pakistani rupee continues gain on Tuesday and closed at 280.07, appreciating by 0.01 percent against the US dollar in the inter-bank market. The Pakistani rupee had closed at 280.10 on Monday. Earlier, it gained slightly against the US dollar in early interbank trade on Tuesday. The Pakistani rupee was trading at 279.88 per dollar around…
Auditor General has called for coordination with Nepra, citing violations of mandated consumer redressal procedures. The Auditor General of Pakistan has asked the Federal Investigation Agency to refrain from initiating overbilling inquiries. It has urged prior technical validation and formal coordination with the National Electric Power Regulatory Authority and Provincial Offices of Inspection. The auditors…
Topline Securities expects a 36% total return on GlaxoSmithKline Pakistan Limited by December 2026, driven by earnings recovery, margin expansion, and resumed dividend payouts. Topline has initiated its coverage on GlaxoSmithKline Pakistan Limited (GLAXO) with a BUY and Dec 2026 target price of Rs525/share, providing a total return of 36%, including a dividend yield of…