Business

SBP remits Rs1.93tr profit to government

SBP remits Rs1.93tr profit to government

The State Bank of Pakistan (SBP) has transferred Rs1.932 trillion to the federal government as its profit for fiscal year…
Jazz calls for power upgrade as 5G rollout expands

Jazz calls for power upgrade as 5G rollout expands

Jazz has urged the government to strengthen the country’s power infrastructure as the telecom operator expands its 5G network, warning…
Govt plans single gas tariff after scrapping 12 slabs

Govt plans single gas tariff after scrapping 12 slabs

ISLAMABAD: The government has decided to abolish the existing 12-slab gas tariff structure and introduce a uniform gas tariff for…
10 bidders clear 1st hurdle in FESCO privatisation race

10 bidders clear 1st hurdle in FESCO privatisation race

ISLAMABAD: The privatisation of Faisalabad Electric Supply Company (FESCO) has moved into its next phase after the Privatisation Commission (PC)…
$6 billion refinery upgrade deal set to transform Pakistan’s fuel sector

$6 billion refinery upgrade deal set to transform Pakistan’s fuel sector

ISLAMABAD: Pakistan’s five major oil refineries are set to sign agreements under the government’s Brownfield Refinery Upgradation Policy early next…
Power shock looms as Rs36.5bn fuel burden nears

Power shock looms as Rs36.5bn fuel burden nears

ISLAMABAD: Electricity consumers across Pakistan may face a substantial increase in their September bills as the National Electric Power Regulatory…
Oil prices slide as Iran tensions persist, set for weekly loss

Oil prices slide as Iran tensions persist, set for weekly loss

ISLAMABAD: Global oil prices fell on Friday as markets remained focused on developments surrounding Iran and the flow of crude…
Pakistan and HK explore cooperation in financial services and digital assets

Pakistan and HK explore cooperation in financial services and digital assets

Minister of State and Chairman PVARA Bilal Bin Saqib MBE met Christopher Hui, Secretary for Financial Services and the Treasury…
Saudi Arabia’s Asyad Group expresses interest in airport privatisation process

Saudi Arabia’s Asyad Group expresses interest in airport privatisation process

Saudi Arabia’s Asyad Group has expressed interest in Pakistan’s upcoming airport privatisation process as the group was working to bring…
PSX gains over 1,200 points

PSX gains over 1,200 points

Pakistan Stock Exchange (PSX) opened on a positive note on Thursday amid buying rally. During intraday trading, the KSE-100 index…
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