In 2023, which would be an election year, the capacity charges would reach Rs1,500bn, causing an increase in the electricity rate from Rs11.75 to Rs16.44 per unit. The cost of per unit electricity production is Rs22-23, Fawad Chaudhry said.

The government of Pakistan and the government of Japan have signed debt suspension agreements worth $367 million under the G-20 Debt Service Suspension Initiative...

In an attempt to address the finance woes faced by the national carrier, the federal cabinet on Tuesday discussed dividing the organization into two...

Nestlé Pakistan Limited posted a revenue of PKR 32.3 billion for the three months period ended 31 March 2021, an increase of 8.2% compared...

According to official data released by State Bank of Pakistan exports to its nine regional countries declined 5.7 per cent in the nine months...

During a meeting, chaired by Deputy Chairman of Planning Commission Muhammad Jehanzeb Khan, approved Rs5bn in the health sector for Balochistan and recommended the...

Federal Finance Minister Shaukat Tarin on Monday stated that there is a need to build six million metric tons of strategic wheat reserves, as...

Minister for Information and Broadcasting Chaudhry Fawad Hussain said that Prime Minister Imran Khan would lay the foundation stone of South Punjab Secretariat during...

Compared to $1.053 billion during the same period of FY 2019-20, The IT and IT-enabled Services (ITeS) export remittances which include computer services and...

This decision has been taken by the Saudi Arab to contain the spread of coronavirus pandemic in the country. It was announced by Saudi...

State Bank of Pakistan has imposed heavy penalties worth Rs. 98 million on Pakistan’s three profitable banks namely Habib Bank Limited, MCB Bank, and...

The SBP and SECP have revised the Terms of Reference (ToR) of their Joint Task Force (JTF) on financial conglomerates to further bolster the...