Federal Minister for Energy Awais Ahmed Khan Leghari has defended the independent power producers (IPPs), asserting that these private entities are not responsible for the rising cost of electricity in the country. “The IPP policy is not the cause of expensive electricity,” Leghari told Voice of America during an exclusive interview. “The high cost of … Read more
Karachi — Gold prices in Pakistan have again surged on Wednesday and set new record highs. This increase has been occasioned by the increase in international gold rates. In the local market, the price of gold per tola increased by Rs300 to an all-time high of Rs261,000. For those who bought in small quantities, the … Read more
The KSE-100 index crossed below 78,000 points on Monday as selling emerged after the initial boost to the trading session. The index closed at 7,830. 34 lower by 214. 96 points or 0. 28%. A little buying came at the last moment which eased off the losses a bit but nevertheless, the market closed in … Read more
The upward trends in cement prices and new taxes that the government of Pakistan included in its budget have emerged as challenges that construction businesses have to tackle. Cement prices have risen by close to Rs200 per bag in the last couple of weeks and may go up, even more, should the cement manufacturers court … Read more
Kamala Harris outlined proposals to cut taxes for most Americans, ban “price gouging” by grocers and build more affordable housing on Friday as part of the “opportunity economy” she plans to pursue if she wins the White House. In her first major economy-focused speech as the Democratic presidential nominee, Harris pledged to introduce a new child … Read more
JI Emir Hafiz Naeem ur Rehman addresses a political rally in Karachi on February 4, 2024. — Facebook/HafizNaeemRehman Jamaat-e-Islami (JI) Emir Hafiz Naeem ur Rehman on Tuesday said that his party, days after it reached an agreement with the government and postponed its Rawalpindi sit-in, would once again take to the streets but this time … Read more
The market moved up pervasively today and PSX caught the pace, KSE-100 driven up almost 700 points and stood at 78,569. 59 showing an increase of 0. 89%. This has been made possible through active buying in categories like the car industry, construction through cement industries, and through the provision of credit facilities in the … Read more
Gold prices remained stable on Friday, but they were still on track for a weekly decline as investors waited for more information about a possible U.S. interest rate cut in September. By early morning, spot gold slightly decreased by 0.2% to $2,421.31 per ounce, following a rise of more than 1% on Thursday. Despite this, … Read more
The volume of sales in July reached 57,447 cars, 6% more than in the corresponding period of the previous year, the company said on Friday, noting that the increase in sales is mostly connected with the EU market for fully electric vehicles. Volvo Cars was a majority-owned of the China-based Geely Holding, it revealed that … Read more
This Friday, prices of the yellow metal in Pakistan went up again due to an increase in global rates. Domestically, the price of one tola gold went up to Rs. 257,300 up by Rs. 2,400. Likewise, he said that the per tola price for gold was increased by Rs 225 which was being sold at … Read more