Islamabad, Aug 23: Another proposal for an increase in power pricing of Rs3.9 per unit has been made to Nepra by K-Electric. On August 29, the request will be heard by the authority. Nepra’s approval of the proposal will result in a Rs6.21 billion bill for K-Electric customers. Nepra recently raised the price of power by Rs5.76 per unit at K-Electric’s request, citing a fuel adjustment for the months of May and June.
Author: Mawadat Fatima
Islamabad, Aug 23: On Friday, the Pakistan Telecommunication Authority (PTA) began a campaign to stop the country’s illicit SIM card issuance. Details indicated that the franchise sellers had also been taken into custody. The PTA had started a campaign to stop the improper use of finger prints and the unauthorized SIM card issuing. The Dayalpur and Okara franchises were the target of a crackdown by the PTA and the Federal Investigation Agency (FIA). Two biometric verification system (BVS) devices and twenty-five suspected SIMs were taken during the operation.
Islamabad, Aug 23: Many customers are discovering that the iPhone 13 and other earlier models continue to be viable options as excitement for the iPhone 16 grows. The A15 Bionic CPU, which powers the iPhone 13, is an amazing device with strong performance, making it perfect for multitasking, gaming, and daily use. Continuous iOS updates and durability The iPhone 13’s continued support for iOS upgrades is one of its most notable features. This gives consumers access to the newest advancements in security and app functionality, giving them piece of mind regarding data protection and app functionality. Furthermore, because Apple is…
Islamabad, Aug 23: KARACHI: Through reverse repo purchases and Open Market Operations (OMO) based in Mudarabah that adhere to Shariah law, State Bank of Pakistan (SBP) contributed Rs966.5 billion to the market on Friday, according to ARY News. The SBP conducted Open Market Operation, Reverse Repo Purchase (Injection) on August 23, 2024, for 7-day and 28-day tenors, and accepted 20 bids totaling Rs816.5 billion, according to OMO findings released here. For the 7-day tenor, the central bank received 19 bids totaling Rs1,119.4 billion at a rate of return ranging from 19.58 to 19.65 percent, and for the 28-day tenor, it…
Islamabad, Aug 23: The abrupt decline in the price of raw materials on the global market has resulted in a Rs. 45,000 per ton decrease in the domestic costs of steel products. According to JS Research, domestic steel producers announced on Friday a significant drop in the prices of Hot Dipped Galvanized Coil (HDGC) and Cold Rolled Coil (CRC) of Rs. 45,000 per ton. The revised prices for 1 mm CRC and HDGC are Rs. 211,500 and Rs. 220,800 per ton, respectively, as of August 23, 2024. The reduction was also sparked by disappointing demand in July and September, which…
Islamabad, Aug 23: In response to a global outbreak of a novel strain of the measles virus, Pakistan’s National Institute of Health (NIH) has released an urgent advisory regarding the virus. The advice provides comprehensive guidance on identifying and preventing the infection. It is important to note that a new mutated strain of mpox known as clade I prompted the World Health Organization (WHO) to declare a global health emergency last week. Clade I’s apparent ease of transmission through frequent close contact has sparked fears around the world. There is a growing outbreak in Africa linked to the new strain.…
Islamabad, Aug 23: Production has been suspended by Bolan Castings Limited (PSX: BCL) as of August 26 (Monday) and will remain suspended indefinitely. “The company is seeing a decline in sales as a result of the sharp decline in orders from our clients. Furthermore, our primary customer’s payment delays are seriously straining our finances. As a result, the company’s management has chosen to suspend production beginning on Monday, August 26, 2024, and continuing until further notice, according to the stock filing. BCL’s share price on the stock exchange ended the day at Rs. 93.89, down 10%, or Rs. 10.43, with…
Islamabad, Aug 23: A company in the E-com sector is considering selling its E-commerce business to Blue-Ex (PSX: GEMBLUEX). “Blue-Ex (“the Company”) consider to buy business of domestic e-commerce firm that one of the e-commerce sector companies is offering for sale. In its meeting on August 30, 2024, the Board of Directors will discuss it, according to the stock filing on Friday. The company’s main functions include freight forwarding, local and international courier services, and related activities. With more than 9,300 shares, Blue-Ex Limited’s scrip at the GEM board closed at Rs. 64.99 on Friday, up 8.59 percent or Rs.…
Islamabad, Aug 23; As long as the company stays currently within the restrictions imposed by section 111 of the Securities Act of 2015, Fatima Fertilizer Company Limited (PSX: FATIMA) has decided to try to purchase ordinary shares, convertible preference shares, non-convertible preference shares, and other instruments (such as zero-coupon term finance certificates and zero coupon sukuks) and debt of Agritech Limited. The stock filing mentioned that the board might eventually adopt a different board resolution allowing the purchase of up to majority voting shares, going beyond section 111 of the Securities Act of 2015. The company’s main operations include the…
Islamabad, Aug 23: Senator Muhammad Aurangzeb, the federal minister of finance and revenue, met with Mehmat T. Nane, the chairperson of Pegasus Airlines, and Muhammad Ali Tabba, the CEO of Lucky Cement Limited. In addition to expressing gratitude for the Turkish aviation industry’s achievement, Aurangzeb said that working together in the field of aviation was a crucial component of their bilateral relationship and that it was consistent with the prime minister’s goal of advancing Pakistan’s aviation sector. Mehmat T. Nane gave a summary of the Turkish aviation strategy at the meeting, emphasizing important elements that can help Pakistan’s aviation industry.…