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KE tariff further jacked up by Rs2.31 per unit Business
  • July 26, 2023

KE tariff further jacked up by Rs2.31 per unit

KARACHI: The National Electric Power Regulatory Authority (NEPRA) approved a Rs2.31 per unit increase in the power tariff for K-Electric customers on Wednesday. The power regulator authority approved a Rs2.31 per unit increase in the electricity tariff for K-Electric customers due to the June fuel charge adjustment (FCA). According to the notification, the power pricing rise for KE consumers will…
PIA expands airline operations to 16 other Chinese cities Business
  • July 26, 2023

PIA expands airline operations to 16 other Chinese cities

KARACHI: Pakistan International Airlines (PIA) announced on Wednesday that it will expand its flight operations to 16 other Chinese cities. According to sources, the national flag carrier has announced plans to expand its flight to 14 additional cities following Beijing and Shanghai. PIA will fly flights from airports in Karachi, Islamabad, Lahore, and other cities to 16 locations in China.…
NEPRA okays Rs7.5 per unit hike in base power tariff Business
  • July 26, 2023

NEPRA okays Rs7.5 per unit hike in base power tariff

ISLAMABAD: On Tuesday, the National Electric Electricity Regulatory Authority (NEPRA) approved the federal government’s request to increase the base electricity tariff by Rs7.5 per unit. Following approval of the significant increase in the base power rate, the regulatory authority referred the case to the federal government for notification. Following the publication of the notification, the power rate increase will go…
Billions of rupees new cars to Punjab officials challenged in LHC Business
  • July 24, 2023

Billions of rupees new cars to Punjab officials challenged in LHC

LAHORE: On Monday, the Punjab government’s order to supply new vehicles to additional commissioners and other tax officers was challenged in the Lahore High Court. On behalf of petitioner Sheeraz Altaf, Mudassir Chaudhry Advocate filed a petition challenging the government’s decision. The petition has been signed by the caretaker Punjab administration and those involved. The petitioner argued that because the…
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  • July 23, 2023

European aviation agency to visit Pakistan in September to inspect PIA

In order to evaluate a ban on flights by Pakistan International Airlines (PIA) to Europe, a delegation from the European Union Aviation Safety Agency will travel to Pakistan in September of this year. In Europe, EASA is in charge of overseeing aviation security and environmental preservation. The Civil Aviation Authority (CAA) and PIA will both be subject to a physical…
Govt to outsource Islamabad airport before end of tenure: sources Business
  • July 22, 2023

Govt to outsource Islamabad airport before end of tenure: sources

ISLAMABAD: According to sources, the federal government has decided to outsource Islamabad International Airport before the end of its tenure. According to sources, the responsible authorities would issue a tender for the 15-year outsourcing of the Islamabad International Airport before the conclusion of the current government’s tenure. According to the companies’ interests, the outsourcing contract could be renewed for up…
Govt okays massive hike in power tariff on IMF demand Business
  • July 22, 2023

Govt okays massive hike in power tariff on IMF demand

ISLAMABAD: The federal cabinet approved a significant increase in energy base pricing through circulation summary in a late-night decision on Saturday, according to sources, as Pakistan moves ahead to meet IMF terms. According to sources close to the situation, the federal government has raised the basic power cost for numerous consumers by Rs3 to Rs7.5 per unit. On the suggestion…
Pakistan’s export share has dropped in int’l market, APTMA tells PM Business
  • July 19, 2023

Pakistan’s export share has dropped in int’l market, APTMA tells PM

All Pakistan Textile Mills Association (APTMA) said on Wednesday that the cost of power has caused a decline in Pakistan’s export market share to 1.76 percent. The APTMA claimed that Pakistan’s textile exports decreased to $35.21 billion in FY2022-23, from $39.59 billion in FY2021-22, in a letter to Prime Minister Shehbaz Sharif. The APTMA informed the premier that the textile…
Pakistan, US agree to further strengthen economic ties Business
  • July 19, 2023

Pakistan, US agree to further strengthen economic ties

ISLAMABAD: Pakistan and the United States (US) have reaffirmed their willingness to deepen bilateral trade and economic ties. The determination was made today in Islamabad during a meeting between Deputy Under Secretary of the US Department of Treasury Brent Neiman and US Ambassador to Pakistan Donald Blome and Minister of Finance Ishaq Dar. The finance minister informed them of the…
Exports record 7.10% MoM decline in June 2023: SBP Business
  • July 18, 2023

Exports record 7.10% MoM decline in June 2023: SBP

KARACHI: According to State Bank of Pakistan data, Pakistan’s exports fell by 7.10% in June 2023 compared to May. According to the SBP report, exports fell 19.10% year on year (YOY) in June 2023 compared to June 2022. Exports will continue at $2.35 billion in June 2023. Imports stayed at 4.21 billion dollars in June 2023, a 2.50% decrease from…