The latest hike in the tariff would put an additional financial burden of Rs22.29 billion on the power consumers.
PSX has now lost over 3,000 points in the past two days and continues to plunge as stakeholders (investors and politicians) question the legitimacy of the upcoming elections.
The Petroleum Division issued a statement on the reduction in POL prices
Caretaker Prime Minister Anwaar-ul-Haq Kakar approved the changes in the prices of petroleum products.
The caretaker government will release salaries and pensions to the Christian community on December 20.
The research firm estimated that PTCL will need to pay Rs19 billion in annual interest, assuming it borrows $380 million (Rs108 billion) at 18% (8% interest rate + 10% currency depreciation). This is much lower than Telenor’s EBITDA of Rs112 billion in the past year.
The court suspended the execution of the decision for three days upon the request of the lawyer of the Cantonment Boards.
The stock market recovered a bit later in the day.
The decision factors in the impact of the recent increase in gas prices in November, which exceeded the monetary policy committee's (MPC) earlier expectations.
FBR-determined shop valuations will be utilised for tax imposition
Addressing a public hearing in Lahore, Khan noted that global gas prices were on the rise, and Pakistan might experience an increase in gas prices as well. Various stakeholders voiced their concerns during the hearing.
Diesel rate is also expected to witness a drop of Rs15 per litre.
The local manufacturing plants manufactured/assembled 2.64 million mobile handsets during October 2023 compared to 0.19 million imported commercially.
According to the notification, now the officers associated with the power-related companies have to pay their monthly bills.
The increase will be reflected in the bills of December 2023.
The SPI for the week under review in the above-mentioned group was recorded at 308.20 points as compared to 308.90 points during the past week, according to the PBS data.
The government kept the petrol prices unchanged despite a drop in the international market.
It is worth noting that the USD3 billion-deposit agreement was initially signed through the SFD with the SBP in the year 2021 and rolled over subsequently in 2022.
Pakistanis are expecting relief in fuel prices from December 1 after a reduction in crude oil rates in the international market.
Per tola gold hit Rs211,800 in the local market
Mission Chief Nathan Porter calls for continuation of efforts
The per tola price of gold has reached Rs214,400
Integration of Raast with Buna aims to facilitate cross-border remittances between Arab region, Pakistan
FBR presents report on ending tax exemption to IMF as lender reviews fiscal measures
Market experts attribute the current bullish run to several factors.
The FBR high-ups made all-out efforts to convince the visiting IMF review mission
