Business

ISLAMABAD: In a majority decision, the National Electric Power Regulatory Authority (Nepra) on Thursday notified an increase of 84-paisa per unit increase in electricity rates for ex-Wapda distribution companies (Discos) to generate about Rs12 billion additional revenue. The increase was allowed on account of monthly fuel cost adjustment (FCA) for electricity consumed in July and would be charged to consumers …

er ISLAMABAD: The Tariff Policy Board (TPB) on Thursday agreed to work out a proposal for the removal of additional customs duty on 152 tariff lines to provide cheaper raw materials to domestic industries. The TPB meeting, led by Adviser to PM Minister on Commerce and Investment Razak Dawood asked the board to work out proposals to removal additional customs …

ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Wednesday remained upset over the wheat situation amid vague signals from the authorities concerned and continuously increasing flour prices in the market. A meeting of the ECC presided over by Adviser to the Prime Minister on Finance and Revenue Dr Hafeez Shaikh, however, allowed recovery of about Rs115 billion through …

ISLAMABAD/KARACHI: Amid digital growth in the country, the Western Digital has decided to enter Pakistani market with the launch of its products in the country, but the company faces challenges from piracy and copy rights violations from imports to retail end. The Western Digital Corporation, the global data infrastructure leader, announced on Wednesday that all its new range of data …

KARACHI: Amid flourishing wheat imports, millers continue to play havoc with the prices as they jacked up the rate of flour no. 2.5 to Rs59 per kg on Wednesday. The price of fine and super fine flour (maida) has been raised to Rs71 from Rs67 per kg. In the second week of September, the rates of flour no.2.5, fine and …

KARACHI: Stocks staged a spectacular rally on Wednesday with the KSE-100 index rebounding after several bleak sessions to close at 39,849.96, representing hefty gains of 722.48 points (1.85 per cent). Market capitalisation recovered Rs121bn. Trading started on a positive and the index climbed to intraday high by 793 points. The significant feature was the end of selling by individuals which …

ISLAMABAD: A meeting of the Board of Approvals (BOA) for Special Economic Zones (SEZs) on Wednesday formally approved three new SEZs, taking the total number of such areas in the country to 20. The meeting was presided over by Prime Minister Imran Khan. According to an official announcement of the PM Office, the new SEZs were National Science & Technology …

RAWALPINDI: The business community of Rawalpindi has expressed concerns over the growing political uncertainty, saying it will ultimately affect the national economy. It urged the government to resolve issues amicably. Talking to different trade delegations, Rawalpindi Chamber of Commerce and Industry (RCCI) President Mohammad Nasir Mirza said the business community had grave concerns over the growing political and economic uncertainty …

ISLAMABAD: Prime Minister Imran Khan on Tuesday said the government would ensure abundant availability of wheat and sugar in the country and directed the relevant departments for complete crackdown against those involved in hoarding of essential commodities. He said this during a meeting to review wheat and sugar stocks, availability, demand and supply, import to meet future requirements and prices …

• Step aimed at absorbing surplus re-liquefied natural gas • ECC meets today to consider revising subsidised prices of essential items ISLAMABAD: Amid supply chain challenges that affected the compressed natural gas (CNG) sector in the past, the government is set to allow new licences to CNG stations purely on the basis of imported re-gasified liquefied natural gas (RLNG) supply. A …