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Pakistan’s inflation rate in November recorded its lowest level in 6.5 years, standing at 4.9%, according to the Pakistan Bureau of Statistics (PBS). This significant drop marks a steady decline from a staggering 38% peak last year. With the State Bank of Pakistan (SBP) scheduled to review its policy rate on December 16, currently set at …
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KARACHI: The KSE-100 index of the Pakistan Stock Exchange (PSX) continued its upward momentum, closing above the 103,000 mark on Monday. The index gained 1,917.63 points, a 1.89% increase, to settle at 103,274.95 points. This marked a significant rise from the previous close of 101,357.32 points. The PSX witnessed record participation with a trading volume …
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KARACHI: The National Electric Power Regulatory Authority (NEPRA) has announced an 18-paisa per unit reduction in electricity prices for Karachi consumers. This reduction falls under the September 2024 monthly adjustment and will reflect in December bills. Reduction Not Applicable to Small-Scale Consumers The relief, however, excludes consumers who use up to 300 units per month. …
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The federal government raised petroleum costs on Saturday for the next fortnight. Petrol now costs Rs252.1 per litre, while high-speed diesel (HSD) is priced at Rs258.43 per litre. Petrol prices increased by Rs3.72 per litre, and HSD saw a Rs3.29 per litre hike. These adjustments come despite hopes that prices would remain stable due to …
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Unsafe working conditions at Amazon’s warehouse in Manesar, Haryana, have sparked legal action and scrutiny over the retail giant’s labor practices. Allegations of inadequate safety measures, unreasonable work targets, and harsh monitoring have led the local government to take Amazon to court. The case highlights growing concerns about worker welfare in Amazon’s vast fulfillment network across …
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The Pakistani rupee remained stable against the US dollar on Friday, showing a slight gain of 0.01% during early trading hours. By 10 a.m., the rupee was trading at 278.03, an increase of 0.01 from the previous day’s closing rate of 278.04, as reported by the State Bank of Pakistan (SBP). Global Currency Trends Yen …
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The federal government is considering revising petroleum product prices for the fortnight starting December 1, 2024. This move is linked to rising global oil prices, according to Oil Marketing Companies (OMCs). Petrol prices may increase by Rs3.00 per litre, rising from Rs248.38 to Rs251.38 per litre. High-speed diesel (HSD) prices could also climb by Rs2.87 …
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To assist intending pilgrims for Hajj 2025, the State Bank of Pakistan has announced that 15 designated banks will remain open on Saturday, November 30, and Sunday, December 1, 2024. This decision follows a request from the Ministry of Religious Affairs & Interfaith Harmony. The goal is to help pilgrims submit their Hajj applications and …
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Karachi: Shares at the Pakistan Stock Exchange (PSX) surged over 900 points on Thursday, pushing the KSE-100 Index past the 100,000-point milestone for the first time in history. The index jumped by 947.32 points, or 0.95%, to reach 100,216.57 points at 9:35 AM, up from the previous close of 99,269.25 points. Unprecedented Growth Amid Recovery …
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Karachi could soon enjoy a major energy breakthrough with affordable solar power on the horizon. The Kot Addu Power Company Limited (Kapco) has proposed supplying electricity to K-Electric at a remarkably low rate of Rs9.8 per unit. This offer, if accepted, could significantly reduce energy costs for Karachi residents and transform the city’s energy landscape. Kapco’s Proposal: …
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