Special Assistant to the Prime Minister on Industries and Production, Haroon Akhtar Khan, held an important meeting with Chief Minister Balochistan, Mir Sarfraz Bugti, to discuss enhanced cooperation between the federal and provincial governments for the promotion and development of Small and Medium Enterprises (SMEs). Welcoming the Chief Minister to the Ministry of Industries and…
The Punjab government has decided to ban government departments from purchasing petrol and diesel vehicles, aiming to promote environmentally friendly transport across the province. Under the decision, departments will be allowed to purchase only electric or hybrid vehicles, while those used for field duties remain exempt. The provincial government is also expected to announce a…
The Pakistani rupee posted a gain against the US dollar on Tuesday, strengthening slightly during inter-bank trading after closing higher compared with the previous session. At the close, the local currency settled at 280.00 per dollar, recording an appreciation of Re0.01 compared with Monday’s closing level in inter-bank market today. In the inter-bank market, the…
Buying momentum returned to the Pakistan Stock Exchange on Tuesday as the benchmark KSE-100 Index settled near 184,000 after gaining more than 1,500 points today. The index opened slightly higher but dipped early, sliding from around 184,000 to an intra-day low of 180,589.95 amid profit-taking pressure from investors during trading. Market movement remained volatile through…
The rate of petroleum products may be reduced up to Rs 5.49 per litre for fortnight starting from January 16 following declining global oil prices. The estimates are based at current petroleum levy and CSL on petroleum products. Currently, government is charging Rs 82.12 per litre (PL+CSL) on petrol and Rs 77.91 per litre on…
K-Electric (KE) is witnessing encouraging adoption of its Trust Billing initiative with nearly 70% of readings taken by citizens passing the approval process through the KE Live App, reinforcing transparency and customer involvement in the billing process. Since its rollout, adoption has shown growth while approval rate has also gone from a little over one-in-three…
Saudia, the national flag carrier of Saudi Arabia, has added Kozhikode in the Republic of India to its scheduled international network, becoming its seventh destination in India, alongside Bengaluru, Mumbai, Kochi, Delhi, Hyderabad, and Lucknow. This addition aligns with Saudia’s expansion strategy to reach new international destinations, connect the world to the Kingdom, optimize the…
Public and private educational institutions across Sindh, including Karachi, will remain closed on January 17 following a provincial government announcement marking Shab-e-Miraj. The Sindh Education Department issued an official notification confirming the closure of schools and educational institutions across the province. The notification applies to all public and private institutions operating under the department’s jurisdiction,…
Pakistan’s industrial sector is being pushed to the brink by an unjust electricity pricing regime that forces industry to bankroll government failures in the power sector, Chairman of the Economic Policy and Business Development (EPBD) think tank and former caretaker federal minister Gohar Ejaz said on Tuesday. Speaking in the context of the NEPRA tariff…
Gold prices recorded a sharp increase across Pakistan on Tuesday, according to rates issued by the All Pakistan Sarafa Gems and Jewellers Association. The price of 24-carat gold per tola rose by Rs900 to Rs481,862, while the rate for 10 grams of 24-carat gold increased by Rs771 to Rs413,118. Similarly, 10 grams of 22-carat gold…