The K-Electric (KE) after several years of delay has started payments of electricity duty amounting to Rs32 billion, it has collected from consumers through monthly bills, to the Sindh government.
As per the agreement, the power utility has agreed to pay Rs1.25 billion to the provincial government in two installments.
This...
Haleon Pakistan has announced a fresh investment of $12 million to expand its manufacturing capacity, focusing on scaling up Panadol production. The move aims to meet growing domestic demand and ensure consistent availability of the widely used pain relief medicine.
Speaking at Haleon's head office, CEO and General Manager Qawi...
The National Assembly’s Standing Committee on Economic Affairs Division (EAD) expressed concern on Wednesday over the privatisation of profit-making power distribution companies (Discos) and the financial loss incurred from generating surplus electricity.
The committee, chaired by MNA Muhammad Atif, also reprimanded the National Highway Authority (NHA) for the absence of its chairman...
As a nationwide crackdown on sugar hoarders is underway, the Public Accounts Committee (PAC) has raised serious concerns over mismanagement in the sugar sector, loan defaults by mills, and large-scale irregularities involving public institutions.
During its sitting on Wednesday, National Food Security Secretary Amir Mohyuddin revealed that although the area under...
The stock market failed to sustain its record gains on Wednesday, retreating into the red as profit-taking and concerns over the delayed privatisation of state-owned enterprises (SOEs) weighed on investor sentiment.
The KSE-100 index closed at 139,254.36, down 165.26 points or 0.12pc, after hitting an intraday high of 140,202.18 and...
Pakistan Telecommunication Company Limited (PTCL) and Al Baraka Bank Pakistan Limited have signed an agreement for the provision of primary Data Center colocation services at PTCL’s Tier-III Data Center facility. PTCL will provide Al Baraka Bank Pakistan Limited with a secure and reliable Data Center environment equipped with modern...
As countries around the world accelerate the shift away from internal combustion engine (ICE) vehicles, Pakistan is gradually aligning itself with global trends through policy direction and growing consumer interest in electric vehicles. The government’s New Energy Vehicle (NEV) policy, aimed at reducing carbon emissions and improving urban air...
Pakistan’s rice export sector has taken a major hit during fiscal year 2024-25 (FY25), witnessing a sharp 15% decline in overall export value.
According to the latest data released by the Pakistan Bureau of Statistics (PBS), rice exports dropped from $3.93 billion in FY24 to $3.36 billion in FY25—a fall...
China is reluctant to extend financing to Pakistan for energy projects due to concerns over the country's economic record, security situation and repayment issues.
Sources told The Express Tribune that Pakistani energy companies were seeking financing from China for various energy ventures. However, Sinosure – a state-owned Chinese company that...
The government said on Tuesday that the new buyer of the Pakistan International Airlines would require investing up to Rs70 billion in the loss-making airline over a period of five years but final investment needs would be assessed only after the audited accounts are available next month.
Privatisation Commission secretary...
