PSX 100 index closed at 210 points amid late profit-taking after witnessing a peak during the early session. The market had picked up after a news of agreement between Pakistan and IMF. It sheds for a few days due to profit taking and cross border tensions with Afghanistan. Earlier, Pakistan Stock market opened with a…
Mari Energies partners with Turkish Petroleum Overseas Company to explore Pakistan’s underdeveloped offshore reserves in a move seen as a breakthrough for bilateral energy cooperation. In a notice to Pakistan Stock Exchange, Mari Energies has informed that it has entered into a farm-out agreement to acquire a 20% working interest in Eastern Offshore Indus-C Block…
A Chinese company has approached the Special Investment Facilitation Council (SIFC) as a delay casts a shadow over the CAREC Tranche-3 Project. The much-anticipated Rs. 146 billion CAREC Tranche-3 project, which is a part of Pakistan’s commitments under the Central Asia Regional Economic Cooperation (CAREC) program, faces fresh uncertainty as hurdles continue to delay its…
As the tensions deepen over the PTCL-Telenor Merger, Anusha Rahman has reportedly resigned from the IT Senate Standing Committee. She has been serving on the board of PTCL subsidiary Ufone. During the meeting of the IT senate body, members of the committee had asked the secretary IT ministry to provide the names of the board…
Staff ReportConsumers are set to face another increase in electricity rates, up to Rs 3.41 per unit. The National Electric Power Regulatory Authority (Nepra) conducted a public hearing to consider this increase in electricity rates, attributed to fuel adjustment for May 2024. It was informed during the public hearing that this increase would burden power…