Business News
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Price hike: Gold rate climbs to Rs178,800 per tola in Pakistan
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[ad_1] A photo of a jewellery shop in Kerala, India. — AFP/File Gold and silver prices jumped to new highs in Pakistan on Tuesday as the rupee lost further ground against the US dollar, prompted by a liquidity crunch that…
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PSX sinks below 40,000 as stocks plunge to lowest level since July 2022
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[ad_1] An investor can be seen looking at the digital stock board at the Pakistan Stock Exchange in this undated image. — AFP/File The Pakistan Stock Exchange (PSX) on Tuesday sunk below the 40,000 mark — its lowest level since…
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Pakistan to shut down wedding halls 10pm, markets at 8pm to save energy
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[ad_1] Information Minister Marriyum Aurangzeb, Defence Minister Khawaja Asif and Adviser to PM Qamar Zaman Kaira addressing a press conference after the federal cabinet meeting. — Screengrab/PTV ISLAMABAD: The government has announced its national energy-saving programme under which it has…
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World Bank greenlights $1.69b in financing for flood-hit Sindh
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[ad_1] A person enters the building of the Washington-based global development lender, The World Bank Group, in Washington. — AFP ISLAMABAD: The World Bank has approved $1.692 billion in financing for five rehabilitation and reconstruction projects in flood-hit Sindh, a…
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Govt’s dilemma of filling Rs700 billion hole | The Express Tribune
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[ad_1] ISLAMABAD: The energy ministry has worked out a Rs2.3 to a whopping Rs31.60 per unit electricity surcharge to cover a hole of over Rs700 billion, which has surfaced due to bad governance, unrealistic budgeting and political decisions to give…
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No additional burden on gas, power consumers: PM Shehbaz
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[ad_1] Prime Minister Shehbaz Sharif chairs the meeting to devise a strategy on reduction of circular debt in Energy sector at the PM House in Islamabad on December 19, 2022. — APP In a bid to facilitate the masses, Prime…
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Indus Motor closed for business in December | The Express Tribune
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[ad_1] KARACHI: After Millat Tractor, the Indus Motor Company (IMC), the makers of Toyota in Pakistan, announced that its production plants will be closed completely from December 20th to December 30th, due to the unavailability of letters of credit (LCs)…
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EU agrees gas price cap to contain energy crisis | The Express Tribune
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[ad_1] BRUSSELS: European Union energy ministers on Monday agreed on a gas price cap, after weeks of talks on the emergency measure that has split opinion across the bloc as it seeks to tame the energy crisis. The cap is…
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Gold peaks in Pakistan as investors shy away from risk amid political tensions
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[ad_1] An undated image of gold sets displayed at a jewellery store. — AFP/File Gold and silver prices climbed on Monday, with investor appetite for risk curbed by worries over political instability, dollar unavailability tensions and faltering economic growth. The…
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Pakistan to import gas from Azerbaijan | The Express Tribune
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[ad_1] ISLAMABAD: In order to cater to the rising energy demand during winter, the government has decided to import additional gas from Azerbaijan in next couple of months. Talking to a private TV channel, Minister of State for Petroleum Musadik…
