Business News
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Power plants rake in Rs10b monthly with zero power output: NEPRA data reveals shocking truth | The Express Tribune
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[ad_1] The former caretaker minister for Commerce and Industries Dr Gohar Ejaz, while referring to National Electric Power Regulatory Authority (NEPRA) data has stated that at least four power plants which are receiving Rs10 billion per month are running without…
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Electricity consumers in for another shock | The Express Tribune
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[ad_1] ISLAMABAD: The consumers of power distribution companies (DISCOs) as well as the people of the country’s economic hub—Karachi—are in for another shock as the power regulator may further raise the prices of per unit electricity. K-Electric, the power utility…
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PM orders fast tracking China deals to expand investments
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[ad_1] PM Shehbaz Sharif chairs a review meeting on Pak-China cooperation at PM House on July 20, 2024. — AFP ISLAMABAD: Prime Minister Shehbaz Sharif on Saturday directed the authorities concerned to expedite process of implementing the agreements and memorandum…
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K-Electric seeks Rs5.45 per unit hike in already soaring power tariff
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[ad_1] A view of the K-Electric head office in Karachi. — K-Electric website/File ISLAMABAD: K-Electric, the coastal metropolis’s only power utility, on Saturday requested a Rs5.45 per unit increase in the electricity tariff under the fuel cost adjustment (FCA) for…
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OMAP alerts PM Shehbaz of impending Petroleum Industry crisis | The Express Tribune
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[ad_1] LAHORE: The Oil Marketing Association of Pakistan (OMAP) has penned a letter to the Prime Minister Shehbaz Sharif stating that the petroleum industry in the country is “on the brink of collapse.” In the letter written to the PM…
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Ultra-rich threaten to leave Britain over tax changes | The Express Tribune
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[ad_1] For ultra-wealthy entrepreneur Bassim Haidar, living in London has become an expensive indulgence he can no longer justify. While new British Prime Minister Keir Starmer settles into No. 10 Downing St, Haidar is searching for homes in Greece and…
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Türkiye to send navy support to Somali waters for oil and gas exploration | The Express Tribune
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[ad_1] ANKARA: Türkiye is set to bolster its naval presence in Somali waters following an agreement between the two nations for Ankara to send an exploration vessel off the coast of Somalia to prospect for oil and gas. President Tayyip…
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Industrialists fear decline in textile exports | The Express Tribune
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[ad_1] LAHORE: Textile exporters have voiced fear that the new fiscal year will pose a significant challenge to the entire industry, as it is becoming increasingly difficult to sustain and fetch export orders in the current high-cost scenario. In the…
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EU, Serbia ink pact to start lithium battery production | The Express Tribune
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[ad_1] SERBIA: The European Union and Serbia signed a deal Friday to develop the supply of lithium seen as a crucial building block to achieve Europe’s transition to a green economy. The memorandum of understanding inked during a “critical raw…
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Bears take control as PSX drops by more than 1,100 points
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[ad_1] Stock brokers watching latest share price at Pakistan Stock Exchange. — APP/File KARACHI: Bears took over the Pakistan Stock Exchange (PSX) on Friday as the market plunged by more than 1,100 points due to the concerns raised over the…
