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
An undated image of a MOL Pakistan exploration site. — MOL Pakistan website/file Circular debt creates cash flow constraints, according to the ministry report. This highlights ineffective financial management in PSO, PPL, etc. Deplores obsolete and inefficient infrastructure, operational problems. ISLAMABAD: The Ministry of Finance, in its report, has raised serious questions over financial mismanagement … Read more
A woman holds U.S. dollar bills in this illustration taken May 30, 2022. — Reuters The PTA report reveals that there are 196 million telecommunications subscribers. CMOs see maximum investment of $431 million in 2023-24: report. Report shows 5G deployment requires substantial investment. ISLAMABAD: Pakistan’s telecom sector witnessed an over 20 per cent drop in … Read more
Electricity transmission towers are pictured in Karachi on July 26, 2022. — Reuters The project will include the installation of advanced metering infrastructure. At least 25 network stations are to be built and upgraded in Lesco. The voltage of four stations on the Sepco network will be increased to 132 kV. ISLAMABAD: The Asian Development … Read more
A representative image of transmission lines. — AFP/File ISLAMABAD: As Pakistan’s economy shows promising signs of recovery, the power sector plays a pivotal role in sustainable growth. THE Economic update And Outlook for November 2024 highlights a significant increase in foreign direct investment (FDI) in the sector, with $414 million invested in the first four … Read more
ISLAMABAD: The Balochistan government has collected Rs 2.5 billion from the mining sector in the current financial year, despite the coronavirus pandemic and the subsequent lockdown that was imposed to curb the spread of the virus. The government has collected a huge amount from the mining sector and deposited it in the provincial treasury, a … Read more
U.S. auto industry executives are preparing for a possible rollback of electric vehicle mandates under the new Trump administration. — AFP/File NEW YORK: U.S. auto giants signaled Wednesday they could further slow the ramp-up of electric vehicle production as Detroit awaits the arrival of a Trump administration eager to roll back major climate initiatives. Biden. … Read more
A representative image showing electricity pylons on March 30, 2022. — Reuters Energy sector reforms face economic hurdles: Awais Leghari. The country is still grappling with the consequences of past IPP contracts, he adds. He deplores the financial burden weighing on the system due to net billing system. ISLAMABAD: Energy Minister Awais Ahmad Khan Leghari … Read more