World bank urges Pakistan to resolve challenges for Dasu hydropower project on April 19, 2025The World Bank (WB) has expressed concerns about the slow progress of the Dasu Hydropower Project (DHP). The organization urges the Pakistani government and the Water and Power Development Authority (WAPDA) to quickly address security and logistical challenges. These issues are significantly affecting the project’s timely execution, causing numerous delays. In a letter to the […]
Government seeks Rs1.6 trillion savings through revised power plant deals on April 19, 2025The government has approached the National Electric Power Regulatory Authority (Nepra) to lower power purchase rates from four public sector power plants. This request aims to save approximately Rs1.58 trillion over the plants’ remaining lifespans. Key changes include shifting from a ‘take or pay’ model to a ‘hybrid take and pay’ approach. These four power […]
PSDP 2024-25: Govt releases Rs664.621bn uplift funds in 9 months By: APP on April 19, 2025The government has authorized the utilization of development funds amounting to Rs 664.621 billion, out of a total allocation of Rs1100 billion, for various ongoing and new social sector uplift projects of the federal ministries and divisions during the first nine months (July-March) of the fiscal year 2024-25 under its Public Sector Development Programme (PSDP). […]
Food imports reduce 2.74pc in 9 months of FY2024-25 By: APP on April 19, 2025Food group imports into the country during the last 09 months of the current financial year decreased by 2.74 percent as compared to the imports of the corresponding period of the last year. During the period from July to March 2024-25, imports of food commodities went down from $6.290 billion to $6.118 billion, according to […]
FBR ‘sets’ 11.2pc tax-to-GDP target for next fiscal year By: Agencies on April 19, 2025The Federal Board of Revenue (FBR) has set a target to increase the tax-to-GDP ratio to 11.2% for the upcoming fiscal year, sources said on Friday. According to sources, virtual discussions are held between Pakistan and the International Monetary Fund (IMF) as preparations for the budget are underway. The FBR’s target will be determined based […]
Pace Barka expands footprint with DHA City Karachi By: News Desk on April 19, 2025Pace Barka Properties Limited has entered into a landmark agreement with DHA City Karachi to undertake the development and management of diverse commercial and residential projects. The formal signing ceremony took place at IPS Dubai and was attended by Shahbaz Taseer, Executive Director of First Capital Group, and Imran Hafeez, Director Finance. This collaboration reflects […]
SECP registers 2,757 new companies in March 2025 By: APP on April 19, 2025The Securities and Exchange Commission of Pakistan (SECP) registered a total of 2,757 new companies in March 2025, bringing the total number of registered companies in the country to 249,365. Around 99.9 percent of new company registrations are now processed digitally, providing a seamless, tech-driven regulatory environment that promotes transparency and supports ease of doing […]
Gold prices decline by Rs300 to Rs349,000 per tola By: APP on April 19, 2025The price of 24 karat per tola gold decreased by Rs.300 and was traded all Rs.349,700 on Friday as compared to its sale at Rs350,000 on previous trading day, All Pakistan Sarafa Gems and Jewelers Association reported. The prices of 10 grams of 24 karat also decreased by Rs.257 to Rs 299,811 from Rs. 300,068 […]
Rupee sheds 10 paisa against US Dollar By: APP on April 19, 2025The Rupee on Friday depreciated by 10 paisa against the US Dollar in the interbank trading and closed at Rs280.71 against the previous day’s closing of Rs280.61. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs280.75 and Rs282.25, respectively. The […]
CCP says recovered Rs10mn penalty from PIA for ‘abusing dominant position’ By: News Desk on April 19, 2025The Competition Commission of Pakistan (CCP) recovered a long-standing penalty of Rs10 million from the Pakistan International Airlines (PIA), originally imposed in 2009 for “abusing its dominant position by excessively increasing Haj fares in 2008”, according to a CCP statement on Friday. The development comes a day after Pakistan government announced to seek expressions of […]