Govt approves reduction of base tariff for tubewells to Rs 13/kwh By: APP on November 30, 2022The Economic Coordination Committee of the cabinet (ECC) Tuesday approved base tariff for electric tube wells at Rs. 13/kWH from Rs 16.60/kWH, providing relief to farmers of Rs. 3.60/kWH effective from 1st November, 2022 to compensate the damage caused by the floods and heavy rains. Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar […]
Pak-US trade witnesses over 10% surplus in four months By: APP on November 30, 2022Pakistan’s goods and services trade with the United States (US) witnessed a surplus of 10.65 per cent during the first four months of the current fiscal year (2022-23) as compared to the corresponding period of last year. Trade surplus during the months under review was recorded at $1397.879 million against $1263.332 million last year, showing […]
PSX turns around, gains 302 points By: APP on November 30, 2022The 100-index of the Pakistan Stock Exchange (PSX) turned around on Tuesday and witnessed bullish trend, gaining 302.25 points, a positive change of 0.72 percent, closing at 42373.59 against 42071.34 points on the previous day. A total of 139,207,699 shares were traded during the day as compared to 244,355,425 shares the previous day, whereas the […]
Rupee remains stable against dollar By: APP on November 30, 2022Exchange rate of the Pakistan rupee remained unchanged against the US dollar in the interbank trading on Tuesday and closed at Rs 223.95. According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded at Rs 228.7 and Rs 230.95 respectively. The price of the […]
Gold price settles at Rs 161,600 per tola By: Agencies on November 30, 2022Gold price in Pakistan extended gains on Tuesday as subdued rupee value boosted the precious metal’s appeal in the local and international markets. Data released by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA) showed that the price of gold rose by Rs300 per tola and Rs258 per 10 grams to settle at Rs161,600 […]
Steps afoot to fulfill fertilizer’s requirement in country: SAPM By: APP on November 30, 2022Special Assistant to Prime Minister for Industries and Production (SAPM) Tasneem Ahmed Qureshi on Tuesday said the government was putting in place effective measures to maintain demand and supply of fertilizers in the country as fertilizer was a basic and an important agricultural input to enhance per acre yield. He expressed these views after having […]
Power consumers likely to get 32 paisas per unit relief for October By: APP on November 30, 2022The consumers of XWAPDA power distribution companies (DISCOs) are likely to get 32 paisa per unit relief for October under the monthly Fuel Cost Adjustment (FCA) mechanism. The National Electric Power Regulatory Authority (NEPRA) concluded a hearing into a petition filed by Central Power Purchasing Agency (CPPA-G) on behalf of XWDISCOs with Chairman Tauseef H […]
CPEC energy projects offer low-cost electricity for Pakistan: NEPRA By: Agencies on November 30, 2022China Pakistan Economic Corridor (CPEC) energy projects have improved the power industry in Pakistan and contributed to economic growth by increasing power supply with high efficiency at lower cost, Tauseef H. Farooqi, Chairman National Electric Power Regulatory Authority (NEPRA) said. In an interview with China Economic Net (CEN), the Chairman said, the total installed capacity […]
UN urges shipping industry to cut emissions By: AFP on November 30, 2022The United Nations warned Tuesday that carbon emissions from shipping were growing, calling on the vast industry to scrap old, polluting vessels and upgrade infrastructure to speed up its green transition. The UN’s trade and development agency UNCTAD highlighted the vital role shipping plays in the global economy, with over 80 percent of all traded […]
US to release emergency aid for Ukraine energy infrastructure By: AFP on November 30, 2022The United States is expected to announce “substantial” financial aid to Ukraine on Tuesday to help it deal with the damage caused by Russian attacks on its energy infrastructure, senior US officials said. The aid, which will be detailed by Secretary of State Antony Blinken on the sidelines of a NATO meeting in the Romanian […]