A Pakistani broker monitors stock prices during a trading session at PSX in Karachi, October 17, 2024. — INP The capital market started Wednesday’s session on a positive note, rebounding after two consecutive sessions of losses, driven by an upward correction. The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index gained 1,697.54 points, or 1.46 per … Read more
A stockbroker looks at a computer during a trading session at the Pakistan Stock Exchange (PSX) in Karachi, July 31, 2023. — AFP Bearish sentiment persisted in the stock market on Tuesday as profit-taking, driven by mutual fund redemptions, and pressure on energy stocks weighed on trading. Concerns about circular debt in the gas sector … Read more
A representative image of pylons and power lines. — Reuters/File The Ministry of Energy writes a letter to the Ministry of Finance in this regard. The FY25 budget includes Rs 1,229 billion in energy subsidies. The IMF recommends institutionalizing anti-theft procedures. ISLAMABAD: To avoid slippages due to the escalation of circular debt agreed with the … Read more
The premier of Canada’s most populous province threatened Wednesday to cut off energy supplies to the United States if President-elect Donald Trump implements his proposed tariffs on Canadian goods. The bold move highlights escalating tensions between the two countries as they grapple with potential trade disputes. “We’ll go all the way, depending on how far … Read more
A representative image of pylons and power lines. — Reuters/File Five IPPs received capacity payments above 50% of contributions in FY23. Government disbursed over Rs 769 billion for 12 IPPs in FY 2023-24: Document. Publication of the list of IPPs that produced electricity at the highest prices. Days after the government approved “settlement agreements” with … Read more
A central processing unit (CPU) semiconductor chip is displayed among the flags of China and the United States, in this illustrative photo taken February 17, 2023. — Reuters WASHINGTON: China’s retaliatory export control measures could take a toll on America’s growing clean energy sector and its defense industry, analysts say, as the trade fight intensifies … Read more
Federal Minister for Energy Sardar Awais Ahmad Khan Leghari. — APPLICATION/File Federal Energy Minister Awais Leghari said on Friday that negotiations with 11 other independent power producers (IPPS) were currently underway to reduce electricity tariffs. While briefing on the ‘Bijli Sahulat package’, Laghari said the government had terminated power purchase agreements with five IPPs, a … Read more