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Power surcharge of Rs1.52 per unit on cards | The Express Tribune

Business

ISLAMABAD: Another electricity tariff hike is on the cards for Karachi consumers as the government is in the process of imposing an additional surcharge of Rs1.52 per unit. Power-sector regulator – the National Electric Power Regulatory Authority (Nepra) – conducted a public hearing on Tuesday to consider a federal government’s request for the consumer tariff […]

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Network18’s TV News Business Beats Industry Trends, Registers 26% Revenue Growth in Q1 – News18

Business

Last Updated: July 18, 2023, 22:08 IST The growth is despite a 5% YoY decline in news industry inventory consumption. File image India’s largest TV news network registered a revenue of Rs 337 crore in the first quarter of current financial year, as compared to Rs 266 crore for the same period last fiscal Network18’s

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Moody’s warns Pakistan could default without IMF bailout | The Express Tribune

Business

Moody’s Investors Service warned that Pakistan could default without an International Monetary Fund (IMF) bailout as the country faces uncertain financing options beyond June, reported Bloomberg on Tuesday. “We consider that Pakistan will meet its external payments for the remainder of this fiscal year ending in June,” Grace Lim, a sovereign analyst with the ratings

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Increase local production of edible oil: experts | The Express Tribune

Business

KARACHI: Pakistan’s agriculture sector is in urgent need of attention from the government to boost the local production of edible oil. The country’s annual import of edible oil stands at a staggering $4 billion, causing a significant drain on the country’s economy. Experts suggest that the coastal areas of Sindh have high potential for the

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Govt increases profit rate on savings certificates | The Express Tribune

Business

KARACHI: The government has revised the rate of profit on national saving schemes by upto 4.13% to make the schemes lucrative and mobilise investment from the general public, a local research house reported. The Central Directorate of National Savings (CDNS) has increased the rate of return on Special Savings Certificates (SSC) by 4.13% to 17.13%

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Rupee makes minor gains after govt meets final IMF condition | The Express Tribune

Business

KARACHI: The Pakistani rupee regained 1.26% (or Rs3.60) to Rs284.25 against the US dollar before midday on Thursday, ending its four days losing streak in the interbank market. The International Monetary Fund (IMF) confirmed that it received a financial commitment of $2 billion for Pakistan from Saudi Arabia, helping the rupee partially regain ground against

Rupee makes minor gains after govt meets final IMF condition | The Express Tribune Read More »

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