Despite changes, Pakistan’s electricity industry faces poor capacity utilization: Source

According to The News, Pakistan’s electricity industry continues to confront considerable issues, with underutilization of production capacity continuing a major concern despite recent renegotiations of independent power producers’ (IPPs) power purchase agreements and the transition to a hybrid take-and-pay model. According to a study published by the Pakistan Credit RatingContinue Reading

Pakistan would recognize cryptocurrency as a “strategic asset,” according to FinMin’s adviser.

ISLAMABAD (Web Desk) Pakistan intends to use cryptocurrencies as a “strategic asset” to usher in a digital financial revolution, according to a finance ministry expert. The finance division said last month that it was considering forming a national crypto council to create a financial environment in the country that wouldContinue Reading

China extends a $2 billion loan once more.

ISLAMABAD : An important development is that China has once again given Pakistan another year to repay the $2 billion debt. The initial date of the debt’s maturity was March 24. The extension will assist Pakistan bolster its foreign exchange reserves, Ministry of Finance sources told The Express Tribune, confirmingContinue Reading

Direct commerce between Bangladesh and Pakistan has resumed for the first time since 1971.

The first government-approved shipment to leave Port Qasim marks the official resumption of direct commerce between Bangladesh and Pakistan since their split in 1971.Bangladesh has agreed to buy 50,000 tons of Pakistani rice through the Trading Corporation of Pakistan (TCP), which is a significant step in the two countries’ commercialContinue Reading

Electricity rates are expected to reduce for Karachi customers.

Karachi (A News) – K-Electric has filed an application with the National Electric electricity Regulatory Authority (NEPRA) to reduce electricity tariffs. The firm has requested a decrease of Rs4.95 per unit due to fuel cost adjustments. If the plea is allowed, Karachi’s energy users would receive Rs4.94 billion in relief.Continue Reading

The government intends to boost exports by up to $60 billion: FinMin

ISLAMABAD (APP) Senator Muhammad Aurangzeb, the federal minister of finance and revenue, said on Tuesday that growing the country’s exports from $30 billion to $60 billion over the next five years is critical for the country’s long-term economic viability. The finance minister stated that great progress has been accomplished inContinue Reading

Pakistan offers a smartphone app for visa on arrival.

ISLAMABAD: The introduction of a smartphone app for visa-on-arrival has made it easier than ever for people of 120 countries to travel to Pakistan. According to information, users may apply for visas, monitor the progress of their applications, and receive visas online with the “Pak ID” app, which was createdContinue Reading

Pakistan and Turkey sign various agreements to improve bilateral ties.

ISLAMABAD (APP) – Pakistan and Turkey signed multiple Memorandums of Understanding (MoUs), protocols, and cooperation agreements on Thursday to strengthen bilateral ties in a variety of sectors during Turkish President Recep Tayyip Erdogan’s visit to Pakistan. Prime Minister Shehbaz Sharif and President Recep Tayyip Erdogan watched the exchanging of agreementsContinue Reading

Pakistan secured a $1 billion loan from two Middle Eastern banks: FinMin Aurangzeb

DAVOS (Web Desk) Finance Minister Muhammad Aurangzeb stated on Tuesday that Pakistan has finalized terms for a $1 billion loan from two Middle Eastern banks. The loans, which have an interest rate of 6 to 7 percent, include a bilateral agreement and a trade finance arrangement, both with short termsContinue Reading

NICVD’s CFO resigns over corruption suspicions.

Chief Financial Officer (CFO) Faisal Abdul Sattar of Karachi’s famous cardiac hospital, the National Institute of Cardiovascular Diseases (NICVD), submitted his resignation on Wednesday after depositing Rs2.3 million in the institution’s account. According to sources, NICVD administration decided to undertake a comprehensive investigation after reports of financial misappropriation appeared inContinue Reading

Business (Page 3)

Despite changes, Pakistan’s electricity industry faces poor capacity utilization: Source

Pakistan would recognize cryptocurrency as a “strategic asset,” according to FinMin’s adviser.

China extends a $2 billion loan once more.

Direct commerce between Bangladesh and Pakistan has resumed for the first time since 1971.

Electricity rates are expected to reduce for Karachi customers.

The government intends to boost exports by up to $60 billion: FinMin

Pakistan secured a $1 billion loan from two Middle Eastern banks: FinMin Aurangzeb

NICVD’s CFO resigns over corruption suspicions.

Trump said he’s not concerned about Iran-backed strikes on US land.

T20 World Cup: India defeats Pakistan with four wickets after an early blunder

Bangladesh Nationalist Party won a historic legislative election.

PTI charges medical mistreatment as Imran Khan suffers from claimed visual loss.

As thousands are forced to escape due to wildfires, Chile declares a state of calamity.

Museveni, the opposition leader at large, is re-elected in Uganda.

A 12-member interim cabinet for Gilgit-Baltistan was sworn in.

PM Shehbaz gives the green light to speaker Ayaz Sadiq for PTI discussions.

Canada’s prime minister will visit China next week, according to a spokesperson.

An avalanche in Gilgit-Baltistan killed two military and a civilian: ISPR.

Forecasts for rain and snowfall in Pakistan starting today

At least 13 persons are killed and 98 are injured in a Mexican train crash.

Mahira and Fahad have finished filming their upcoming movie.

PTI would demand discussions from the government through protests: Afridi

Shehnaz Gill grooves to the blockbuster Pakistani drama OST by Asim Azhar.