ISLAMABAD – The Central Power Purchasing Authority (CPPA) has requested a rise in electricity pricing for one month due to fuel cost adjustments. It has filed a petition with the National Electric Power Regulatory Authority (Nepra) requesting a Rs2.10 per unit increase in the power tariff. Nepra will consider theRead More →
ISTANBUL: According to official figures released on Wednesday, Turkey’s annual inflation rate dropped to 71.6 percent in June, the lowest level in previous months. Consumer prices peaked in May at 75.45 percent, and then they started to decline. Mehmet Simsek, the minister of finance, wrote on X that “the disinflationRead More →
NEW DELHI (Reuters/Web Desk) – China’s Vice Commerce Minister Wang Shouwen said on Friday in New Delhi that India is free to join the Regional Comprehensive Economic Partnership (RCEP), adding that it will increase commerce between India and China, which is expanding “very quickly.” Reuters. The Regional Comprehensive Economic PartnershipRead More →
WELLINGTON (Reuters) – After compensation discussions failed, over 5,000 senior physicians and dentists in New Zealand will go on strike for the first time on September 5, according to the union representing the medical personnel. The Association of Salaried Medical Specialists’ chief executive, Sarah Dalton, said in a statement thatRead More →
Reuters: ISLAMABAD The recently proposed budget for Pakistan received criticism from the International Monetary Fund (IMF) on Thursday, dealing a blow to the cash-strapped nation only two weeks before the end of its bailout programme. Pakistan hardly has enough foreign exchange reserves to pay for imports for a month. TheRead More →
Ahsan Iqbal, the federal minister for planning and development, claimed that Pakistan’s debt has surpassed its income. Federal Minister Ahsan Iqbal said that the PML-N administration was overthrown by cheating and that an amateur was installed in its place, which led to Pakistan’s current economic catastrophe. Iqbal was speaking toRead More →
On Friday, the price of gold climbed by Rs4,000 per tola, bringing it to Rs23,000. Gold prices climbed in keeping with the global market’s rising trend. According to the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24 carat gold jumped by Rs4,000 per tola to close atRead More →
Elon Musk, CEO of Tesla (TSLA.O), is set to visit China this week, according to three people familiar with the matter, for the first time in three years. Musk will meet with senior Chinese officials and see Tesla’s Shanghai site, according to two sources. It was unknown who Musk wouldRead More →
Reuters According to figures from the Central Bank, the amount of foreign investors who departed from Russia between March 2022 and March 2023 after selling their businesses there was close to $36 billion. Many of the biggest companies in the world have left or decreased their operations in Russia inRead More →
KARACHI – Pak Suzuki Motor Company (PSMC) said on Tuesday that it would halt its motorbike manufacturing facilities until June 10 as the nation’s economic condition worsens. The Pakistan Stock Exchange (PSX) received notification of the news. It said that the continuous import restrictions by the government, which have hadRead More →
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