ISLAMABAD: Pakistan’s government has announced a reduction in the national base tariff for electricity, setting it at PkR34.0 per kWh for the fiscal year 2026. This adjustment represents a 4% decrease from the previous year’s rate of PkR35.5 per kWh.
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Islamabad: Oil and Gas Development Company Ltd (OGDC) has successfully increased production at its Rajian-05 well through the installation of electrical submersible pumps (ESP), according to a press release. This move has significantly enhanced the ou…
Karachi: The Union of Small and Medium Enterprises (UNISAME) has voiced strong opposition to a newly imposed tax on cash withdrawals from bank deposits, labeling it an unjust and poorly conceived policy that breaches fundamental taxation principles.
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Islamabad: Prominent economic commentator and former President of the Islamabad Chamber of Commerce, Shahid Rasheed Butt, has expressed grave concerns over Microsoft’s recent decision to close its direct operations in Pakistan. The move, he argues, se…
Karachi: Automobile sales in Pakistan showed significant growth in June 2025, with major industry players achieving the highest combined sales volumes since December 2022. According to a report from JS Global, Indus Motors Company Ltd, Honda Atlas Car…
Karachi: The KSE-100 Index experienced a significant gain, closing at 131,949 points after a 1,262-point increase, supported by a robust trading volume of 731 million shares. AICL, UBL, and HBL emerged as top performers in terms of price change, while…