According to NEPRA, K-Electric will receive a tariff of PKR 3.31 per unit for its distribution operations, aimed at ensuring sustainable service delivery to consumers. K-Electric had requested a higher tariff of PKR 3.83 per unit, but NEPRA finalized the lower rate after evaluating the company’s operational and financial requirements. Earlier, the National Electric Power […]
The IMF reportedly raised objections to several government proposals, particularly additional power subsidies for domestic consumers. It also dismissed the government’s plan to reduce electricity tariffs for industrial users, demanding the timely tariff hikes during the next fiscal year. IMF emphasized the need to implement a comprehensive plan to eliminate circular debt in FY2026. This […]
The staff visit focused on recent economic developments, program implementation, and the budget strategy for fiscal year (FY) 2026. At the end of the visit, Porter said in a statement, “We held constructive discussions with the authorities on their FY2026 budget proposals, as well as the broader economic policy and reform agenda supported by the […]
The rate of 24 karat per tola gold witnessed an increase of Rs3,500 and was sold at Rs351,000 against its sale at Rs347,500 on the previous trading day. The prices of 10 grams of 24 karat also increased by Rs3,000 to Rs300,925 from Rs297,925, whereas the price of 10 grams of 22 Karat went up […]
Since April 28, the number of travelers selecting Newark as their arrival airport declined by 19%, and about 15% fewer travelers chose the airport for departure, according to Booking Holdings’ unit Kayak. The data suggests that safety reports have affected traveler behavior. Travelers are braving longer commutes to avoid Newark, the second-largest of three New […]
The state-owned rail monopoly intends to reduce 2025 spending by an additional 32.5 billion roubles ($408 million), or around 3.5%, to 858.4 billion roubles, due to the revised cargo forecast, according to the document dated March 20. It had already planned to spend 40% less on investment this year than in 2024 in the face […]
According to the report, the inflows include $14.1 billion comprising funding from the International Monetary Fund (IMF) and the rollover of deposits by friendly countries such as Saudi Arabia, the United Arab Emirates, and China. The documents reveal that Pakistan secured over $6 billion in external funds during the ten months, including $5.92 billion in […]
As per details, the final phase of budget negotiations between Pakistan and the International Monetary Fund (IMF) is underway. Prime Minister Shehbaz Sharif had earlier directed that relief measures be introduced for salaried individuals. According to a briefing given to the prime minister, the government collected more tax than anticipated from the salaried segment during […]
As per Forex.pk, 10 grams of 24-karat gold in Saudi Arabia is currently valued at SAR 3,972, with an ounce of gold costing 12,356 Saudi Riyal. The uptick in gold rates reflects ongoing trends in the global commodities market, with the latest pricing update reported at 10:00 a.m. local time. Gold has long held a […]
The Saudi Riyal’s selling rate was noted at Rs75.74. Saudi Arabia’s official currency is denoted as SAR or SR. A single Riyal is divided into 100 halalas. The relationship between Pakistan and Saudi Arabia is characterized by a deep-rooted, mutually supportive alliance, reinforced by significant financial aid from the Saudi kingdom. Recently, Saudi Arabia extended […]
