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Senate body discusses steel price hike | The Express Tribune
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[ad_1] ISLAMABAD: The Senate Standing Committee on Industries and Production has been informed that prices of steel had spiked over 100% in the last one year. During its meeting held under the chairmanship of Senator Faisal Sabzwari on Tuesday, officials of the Ministry of Industries and Production said that steel rates had increased to Rs216,000…
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Effects of US rate hike | The Express Tribune
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[ad_1] ISLAMABAD: As widely expected, the United States central bank, the Federal Reserve (Fed), has hiked the benchmark interest rate by 25 basis points (0.25 percentage point) in a bid to tame inflation. It is for the first time since December 2018 that Fed has raised the lending rate. Since the outbreak of Covid-19 in…
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Consumers face Rs0.95 power tariff hike | The Express Tribune
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[ad_1] ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) decided on Thursday to increase power tariff by up to Rs0.95 per unit for domestic consumers in a bid to cut subsidies under the Re-Targeting Power Sector Subsidies-Phase Il. Under the Re-Targeting Power Sector Subsidies-phase 1, Nepra had allowed the federal government to increase electricity tariff…
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Wage hike will lift inflation: Baqir | The Express Tribune
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[ad_1] ISLAMABAD: The government’s plan to provide solace to the inflationbitten segments of society faces execution challenges, as the central bank governor has warned about further rise in inflation by over 2% due to increase in minimum wages. The proposal to provide subsidised petrol to motorcyclists has also been termed impractical due to chances of…
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OGRA chief hints at further hike in oil prices | The Express Tribune
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[ad_1] ISLAMABAD: The National Assembly Standing Committee on Petroleum was informed on Wednesday that the prices of petroleum products might increase in the country because of unprecedented hike in the world oil prices, while two tenders for import of liquefied natural gas (LNG) were cancelled. Members of the committee, which met here with Imran Khattak…
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Rs6.10 power tariff hike on the cards | The Express Tribune
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[ad_1] ISLAMABAD: Power tariff is likely to increase by Rs6.10 per unit on account of fuel cost adjustment (FCA) for the month of January this year as the National Electric Power Regulatory Authority (Nepra) will hear an application filed by the Central Power Purchasing Agency (CPPA-G) on February 28. In its application, the CCPA-G has…
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Businessmen urge govt to review petrol price hike | The Express Tribune
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[ad_1] ISLAMABAD: The recent hike in the prices of petroleum products has perturbed the businessmen of Karachi and they have urged the government to review the increase. In a statement on Thursday, SITE Association of Industry President Abdul Rasheed criticised the government for raising prices of petroleum products and requested Prime Minister Imran Khan to…
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Market watch: Petroleum price hike pulls stocks down | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange on Wednesday experienced a tumultuous session as the KSE-100 index traded on both sides of the fence and closed the day on a negative note. A massive increase in petroleum prices by the government impacted investor sentiment, which kept trading in a narrow range. As inflation reading was expected…
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NEPRA approves Rs3.09 per unit hike in power tariff
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[ad_1] The National Electric Power Regulatory Authority approves an increase of Rs3.9 per unit in the power tariff. Photo: file ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) Saturday approved an increase of Rs3.09 per unit in the power tariff on account of fuel cost adjustment (FCA) for the month of December 2021. According…
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Steel producers hike prices | The Express Tribune
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[ad_1] KARACHI: The flat steel producers of Pakistan have announced a hike in prices of the commodity owing to increase in rates at a global level. According to Topline Securities, a prominent steel sector player increased the rates of cold-rolled coils (CRC) and hot dipped galvanised coils (HDGC) by Rs3,000 per ton on Thursday. After…
