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Business
How to reduce people’s misery in energy sector
ISLAMABAD: It does not require any elaboration that people are suffering from high inflation, especially in the energy sector.…
Financial globalisation and currency speculation
LAHORE: Gone are the days when there was stability in the movement of the rupee vis-a-vis the dollar.
The rupee value used to…
FM asks for action plan to arrest dollar’s rise
ISLAMABAD: The interim government on Thursday came up with a strategy to crack down on unauthorised foreign exchange dealers to…
KE dispute reaches international court
KARACHI: K-Electric’s ownership dispute among its major foreign indirect shareholders has landed in an international court as lead…
Forex reserves dip $125m to $7.93b
KARACHI: The foreign exchange reserves held by the State Bank of Pakistan (SBP) have decreased by 1.5% on a week-on-week basis,…
PM sets up panel for law review
ISLAMABAD: In a significant move, interim Prime Minister Anwaarul Haq Kakar has established a cabinet committee tasked with…
Kashgar-Islamabad TIR route opened
KASHGAR: In a move to enhance China-Pakistan cross-border trade, an international road transport route was opened between China’s…
Rupee dives to Rs312 per dollar in open market
KARACHI: The Exchange Companies Association of Pakistan (ECAP) has reported that the rupee dived almost 2%, or Rs6, to an all-time…
Ordinary people, imports propel dollar higher
ISLAMABAD: The State Bank of Pakistan (SBP) said on Wednesday that pent-up demand for imports and people rushing to buy as many…
Rs3.55 power tariff hike on the anvil
ISLAMABAD: The government has proposed to the National Electric Power Regulatory Authority (Nepra) a potential increase of Rs3.55…