Business

Cabinet approves revision of agreements with 14 IPPs

Cabinet approves revision of agreements with 14 IPPs

ISLAMABAD: The federal cabinet approved the power division’s recommendation to revise the agreements (negotiated settlement agreements) with 14 Independent Power…
Lesco gets special unit to address power theft and revenue recovery

Lesco gets special unit to address power theft and revenue recovery

LAHORE: A special unit has been established to assist the Lahore Electricity Supply Company (Lesco) in combating power theft and…
PSX ends lower as rate cut optimism fails to sustain early gains

PSX ends lower as rate cut optimism fails to sustain early gains

KARACHI: The capital market ended in the red on Tuesday snapping a three-day recovery drive as improved investor sentiment on…
Punjab confirms gold reserves in Attock

Punjab confirms gold reserves in Attock

LAHORE: The Punjab government has confirmed the presence of gold reserves at the confluence of the Kabul and Indus River…
Oil little changed as falling US stockpiles outweigh soft demand outlook

Oil little changed as falling US stockpiles outweigh soft demand outlook

SINGAPORE: Oil prices were little changed on Wednesday, after falling the previous day, as a dip in U.S. crude stockpiles…
Dollar rally pauses ahead of US inflation test

Dollar rally pauses ahead of US inflation test

SINGAPORE: The dollar’s towering rally hit a speed bump on Wednesday as traders turned cautious ahead of a closely watched…
Govt likely to increase petrol prices for next fortnight

Govt likely to increase petrol prices for next fortnight

ISLAMABAD: The federal government is likely to jack up the petroleum prices for second fortnight of January 2025. Sources said…
Govt sets target to achieve $25bn in IT exports in five years

Govt sets target to achieve $25bn in IT exports in five years

ISLAMABAD: The government was looking to achieve $25billion in the IT exports within the next five years. According to details,…
Electricity rates likely to drop by March: S.M Tanveer

Electricity rates likely to drop by March: S.M Tanveer

LAHORE: United Business Group Partron-in Chief S.M Tanveer has emphasised the need to prioritise agriculture and said there is a…
Textile industry urges swift policy measures to avert crisis

Textile industry urges swift policy measures to avert crisis

KARACHI: The Pakistan Textile Council (PTC) has urged Minister for Finance and Revenue Muhammad Aurangzeb for a swift policy intervention…
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