K-Electric faces a $2.5 billion (Rs700 billion) hit after Nepra slashed tariffs by Rs7.6 per unit, reversing an earlier hike, turning a Rs4 billion profit into Rs85 billion loss, with…

Junaid Anwar Chaudhry launched the $13b “Sea-to-Steel Corridor” at Port Qasim to revive industry, create jobs, and boost exports.

In a major blow to K-Electric’s financial position, the National Electric Power Regulatory Authority (NEPRA) has cut the utility’s multi-year tariff to Rs32 per unit from the earlier determined Rs39.97,…

Pakistan Seeks Stronger Economic Ties With Saudi Arabia, U.S. Investors Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, has held a series of high-level meetings with global financial and…

In a major relief for consumers hit by rising living costs, the government on Wednesday slashed petrol prices by Rs5.66 per litre for the next fortnight, bringing the new rate…

United Bank Limited (UBL) announced that it will convert all Basic Banking Accounts (BBA) into its Mukammal Current Accounts starting Wednesday, offering customers broader banking services without any action required…

Deal brings Turkiye into Pakistan’s offshore exploration; OGDCL, Mari Energies join consortium In a major boost to Pakistan’s offshore energy ambitions, Pakistan Petroleum Limited (PPL) has announced a strategic partnership…

Committee also questions SBP over NBP’s £22m UNBL UK share sale to UBL The Senate Standing Committee on Economic Affairs has accused senior officials of the Ministry of Communications and…

Pakistan plans to reduce retail fuel prices from Oct. 16 following a marginal decline in global oil prices, according to people familiar with the matter. The price of petrol is…

Beijing’s latest financial maneuvers signal a determined bid to weaken global reliance on the U.S. currency China is accelerating efforts to boost the yuan’s global standing and chip away at…