Pakistan’s energy crisis: CMOs forced to invest in power generation on January 26, 2018KARACHI: In order to tackle the persistent power crisis and ensure uninterrupted mobile service to millions of customers, the cellular mobile operators (CMOs) in Pakistan are forced to invest in power generation, said an operator. Pakistan’s leading CMO said though telecom operators are not in business of power generation, however due to lack of availability […]
‘Pakistan must reassess FTA with China in wake of CPEC’ on January 21, 2018KARACHI: Pakistan must reassess the implications of its Free Trade Agreement (FTA) with China in the light of developments under China-Pakistan Economic Corridor (CPEC), said State Bank of Pakistan (SBP). The Central Bank in its First Quarterly Report for Fiscal Year 2017-18 (FY18) said historically, FTA has benefited China more than it has Pakistan, putting […]
Electricity prices expected to continue to rise even with surplus generation on January 19, 2018KARACHI: Pakistan expects to have surplus power by 2020 due to the continuous expansion of new generation facilities ahead of actual domestic demand but the electricity prices for general consumers are also expected to go up, said electricity experts. They said a sharp increase in number of independent power producers (IPPs) may create a situation […]
HEC to launch national-level IT training project for 100,000 young graduates on January 17, 2018KARACHI: The Higher Education Commission (HEC) of Pakistan is all geared up to launch a five-year Enterprise Resource Planning System and Training project to train and support 100,000 youth in the field of Information Technology (IT). According to the HEC, the prime objective of the project is to provide employability skill set training to 100,000 […]
7,500 new motorcycles hit roads daily in Pakistan on January 13, 2018KARACHI: Motorcycles production in Pakistan is reaching to its highest level with 2.3 million quantity of produced during the ten months of 2017 while average 7,408 new motorcycles hit roads daily in the country. The production of motorcycles increased by 22.34 percent during the first four months of fiscal year 2017-18 (FY18), as compared to […]
2017: PSX’s worst year since 2008 on December 30, 2017KARACHI: The outgoing year was one of the most stressful periods for stock market investors in Pakistan, as the benchmark KSE-100 index plunged by 20 percent to close at 40,471, compared to average annual return of 35 percent during the previous five years. An analyst at IGI Finex Securities Limited said the ruling party Pakistan […]
Corporate giants fail to win a place among top 25 companies of PSX on December 29, 2017KARCAHI: Some of Pakistan’s largest and apparently most successful companies didn’t perform well enough to win a place among top 25 companies of Pakistan Stock Exchange (PSX) for 2016. Notable for missing the mark in PSX’s ranking of top 25 companies in 2016 were Pak Suzuki Motor Company, Engro Corporation, GSK (GlaxoSmithKline), Bank Alflah and […]
NEPRA approves tariff for another RLNG power plant on December 27, 2017KARACHI: The National Electric Power Regulatory Authority (NEPRA) on Tuesday approved generation tariff for re-gasified liquefied natural gas (RLNG)/ high speed diesel (HSD) based 1,263.2MW Punjab Thermal Power (Pvt) Limited (PTP) project in Jhang. The NEPRA determined and approved the generation tariff for PTP for its 1,242.70 MW (net) power project on RLNG and 1,081.80 […]
Micro-finance banks’ financing limit increased upto Rs 1m on December 24, 2017KARACHI: The State Bank of Pakistan (SBP) is developing legal and regulatory framework for graduating eligible Microfinance Banks (MFBs) into Micro and Small Enterprise (MSE) banks while financing limit of eligible MFBs has been increased from Rs 0.5 million to Rs 1 million. The SBP launched the financing policy for the promotion of Small and […]
Misinformation in real estate ads on the rise, CCP notes on December 23, 2017KARACHI: Real estate developers are increasingly misleading potential investors through use of ambiguous and unsubstantiated information in their advertising campaigns, the Competition Commission of Pakistan (CCP) observed on Friday. In an order issued against Green Field Developers (GFD), the CCP has asked the real estate developer to pay a fine of Rs2.5 million for distribution […]