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20

Nepra allows Rs2.75/unit increase in quarterly adjustment for April-June

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The National Electric Power Regulatory Authority (Nepra) on Thursday allowed the federal government to go ahead with a quarterly tariff adjustment of Rs2.75 per unit for all consumers across the country for three months — April to June —…

11

PSX reaches new high, crosses 67,000 milestone

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Bulls continued their stampede at the Pakistan Stock Exchange (PSX) on Thursday as shares gained over 600 points in intraday trade as analysts attributing the rally to progress regarding the privatisation of Pakistan International Airlines…

10

May 9 riots: SC conditionally allows military courts to pronounce reserved verdicts

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The Supreme Court on Thursday conditionally allowed military courts to pronounce reserved verdicts in cases pertaining to civilians held for their alleged involvement in the May 9 riots.

06

Nine make it to Senate unopposed

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LAHORE / KARACHI: All seven candidates vying for the upper house of parliament on general seats from Punjab were elected unopposed following the withdrawal of nominations by five other candidates, apparently following a behind-the-scenes…

04

UN says households waste one billion meals a day

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PARIS: Households around the world threw away one billion meals every single day in 2022 in what the United Nations on Wednesday called a “global tragedy” of food waste.

Migrant crossings to UK hit new record

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LONDON: More than 4,600 asylum seekers have arrived in Britain on small boats so far in 2024, a record total for the first three months of the year and giving Prime Minister Rishi Sunak a fresh political headache.

Trade gap with nine regional states widens

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ISLAMABAD: Pakistan’s trade deficit with the nine regional countries widened by 10.98 per cent to $5.415 billion in the first eight months of the current fiscal year from $4.879bn over the corresponding period of last year.

Board endorses PIA divestment strategy

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RAWALPINDI: The board of directors of the PIA Holding Company approved the scheme of arrangement outlining the steps involved in Pakistan International Airlines’ privatisation during its inaugural meeting on Wednesday.

Profit outflows jump by 237pc in eight months

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KARACHI: Repatriation of profits and dividends during the first eight months of the current fiscal year jumped by 237 per cent, reaching close to the inflow of foreign investment in the same period.

Yen hits 34-year low, most global markets rise

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LONDON: Wall Street and European stock markets mostly rose on Wednesday ahead of key US inflation data later this week while the yen recovered slightly from a 34-year low against the dollar.

Wednesday, Mar 27

12

PSX rallies over 600 points, closes at all-time high

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Bulls dominated the trading floor of the Pakistan Stock Exchange (PSX) on Wednesday as shares gained over 600 points, with analysts attributing the gains to “good progress” made regarding the privatisation of Pakistan International…

06

Energy conservation body in peril as execs face the axe

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ISLAMABAD: The state of affairs at the National Energy Efficiency and Conservation Authority (Neeca) has become a true depiction of the country’s energy sector challenges.

05

Kejriwal to run Delhi from prison

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NEW DELHI: Arvind Kejriwal will run the capital from his prison cell, a senior aide said on Tuesday, amidst growing calls by rivals who demand that he should resign.

Meta urged to lift ban on word shaheed

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ISLAMABAD: Meta — the parent company of Facebook, Instagram and WhatsApp — has been asked to lift a ban on the use of the Arabic word shaheed (meaning martyr) on its platforms, though the restrictions on describing “terrorists” as such…

US ‘doesn’t support’ Pakistan-Iran gas pipeline

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WASHINGTON: The US said on Tuesday it does not support a Pakistan-Iran gas pipeline project from going forward and cautioned about the risk of sanctions in doing business with Tehran.

04

2.7m citizens’ data compromised over five years, probe finds

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ISLAMABAD: A Joint Investiga­tion Team (JIT), which was formed to probe a data leak from the National Database and Registration Authority (Nadra), has told the Interior Ministry that the particulars of as many as 2.7 million citizens had…

Cabinet approves 11-member board of PIA holding company

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RAWALPINDI: The federal cabinet has approved the board of PIA Holding Company, and former State Bank governor Tariq Bajwa has been appointed as its chairman.

Rupee keeps going up amid IMF inflow hopes

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KARACHI: For the last three months, the rupee continued appreciating against the US dollar, reaching close to Rs277 in the interbank market on Tuesday amid hopes for fresh inflows from the International Monetary Fund (IMF).

Bulls add 381 points to overnight gains

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KARACHI: The stock market maintained a bullish outlook as equity investors continued value-hunting on Tuesday, pushing the KSE 100-share index further higher.

BAHL’s exchange arm begins operations

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KARACHI: Bank Al Habib (BAHL) on Tuesday announced that Habib Exchange Company started operations across the country and the main branch was inaugurated by State Bank of Pakistan Governor Jameel Ahmed.

China moves WTO against US subsidies to EV industry

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GENEVA: China has initiated dispute settlement proceedings against the United States at the World Trade Organisation to safeguard its interests in the electric vehicle industry, the Chinese mission said on Tuesday and the WTO confirmed.

Tuesday, Mar 26

14

IMF programme no excuse to retard growth: PM Shehbaz

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Prime Minister Shehbaz Sharif on Tuesday said that any upcoming programme with the International Monetary Fund (IMF) could not be used as an excuse to stop the country’s economic growth.

07

LHC CJ asked to form larger bench to hear SIC pleas

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LAHORE: A Lahore High Court single bench on Monday recommended to the chief justice to constitute a larger bench to hear petitions filed by Sunni Ittehad Council (SIC) and others against the denial of reserved seats to them in the…

Islamabad to seek US waiver for Iran pipeline

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ISLAMABAD: The newly elected governm­ent has decided to seek exemption from potential US sanctions against Pak­istani entities to be inv­olved in the construction of Pak-Iran gas pipeline.

New IMF deal to unleash tsunami of inflation, warns PTI

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ISLAMABAD: Adviser to the Khyber Pakhtun­khwa chief minister on finance Muzzammil Aslam on Monday raised an alarm, warning that the new IMF bailout package, laced with “harsh conditions”, would unleash a tsunami of inflation and exacerbate…

06

Move to bring professionals into tax net

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ISLAMABAD: With a four-year delay, the Federal Board of Revenue has set a July 1 deadline to implement the decision to connect professional services online with tax machinery across the country.

05

Abdullah Mangi’s selection as US judge hangs in balance

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WASHINGTON: The confirmation prospects for Adeel Abdullah Mangi, a Pakistani American nominated by President Joseph Biden for a US circuit judge of Appeals, seem increasingly precarious as partisan divisions deepen in the Senate.

Trump wins lifeline in civil fraud case

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NEW YORK: Donald Trump was thrown a huge lifeline on Monday when an appeals court slashed what could have been a crippling demand for a nearly half-billion-dollar bond payment and also gave him 10 more days to pay.

04

Risk mitigation policies of banks ‘lack transparency’

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KARACHI: The policies of Pakistani commercial banks regarding the environment, social and governance (ESG) risk mitigation lack transparency and lack a tangible action plan, according to Fair Finance Pakistan.

Stocks bounce back on foreign buying

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KARACHI: Shrugging off overnight gloomy sentiments, the stock market on Monday staged a strong rebound aided by aggressive foreign buying indicating improved investor confidence in the economic direction of the country.