Businessmen concerned over rupee depreciation
KARACHI: Despite receiving a $5 billion inflow before the State Bank of Pakistan (SBP), the value of the rupee continues…
Nepra raises electricity rates by Rs1.90/unit
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra), on Thursday, has issued a notification for another increase in electricity rates,…
China agrees to reschedule $2 billion debt
ISLAMABAD: China has agreed to reschedule over $2 billion publicly guaranteed debt of Pakistan for a period of two years,…
Sovereign dollar bonds extend decline
LONDON: Pakistan’s sovereign dollar bonds extended a decline on Thursday, with Tradeweb data showing shorter-dated maturities falling as much as…
Mandatory cybersecurity audits for telecom, power sector
KARACHI: In a crucial move towards enhancing cybersecurity and protecting national data from potential theft, the Pakistan Telecommunication Authority (PTA)…
KE granted provisional license extension
ISLAMABAD: In a significant move, the National Electric Power Regulatory Authority (Nepra) has granted a six-month extension to K-Electric Limited…
IMF projections deepen currency downturn
KARACHI: The Pakistani currency faced a fourth consecutive working day of decline, falling by 0.26% or Rs0.76 to reach a…
Rs16.8b PM’s Laptop Scheme okayed
ISLAMABAD: The government on Wednesday approved Rs822 billion worth of mega projects, including the Prime Minister’s Laptop Scheme and a…
PTCL Group posts loss over debt repayment
ISLAMABAD: The Pakistan Telecommunication Company Limited (PTCL) Group posted record revenue of Rs90.9 billion for six months ended June 30,…
Rupee-dollar parity projected to remain volatile
ISLAMABAD: The International Monetary Fund’s latest assumptions suggest that the average exchange rate could be around Rs305 to a dollar…