Historic High: Pakistan Stock Market Soars Post Electricity Cut
Pakistan Stock Exchange rose 1.48% during intraday trade on Friday reaching an all-time high of 120,000 points after inflation fell to a five-decade low and electricity prices for both residential and industrial users were reduced.The market ignored the harsh reality of the USA's "Liberation Day", slapping import tariffs across the…
Pakistan’s Inflation Surges: Chicken and Potato Prices Soar
Pakistan's inflation rate saw a slight increase of 0.20% for the week ending April 3, driven by rising prices of essential food items.The prices of several essential commodities saw an increase, with chicken rising by 7.17%, potatoes by 6.50%, onions by 5.10%, beef by 0.52%, fresh milk by 0.25%, firewood…
Pakistan’s Gandapur Stands Firm on Afghan Refugee Policy
The Chief Minister of Pakistan's northwestern Khyber Pakhtunkhwa (KP) province, Ali Amin Gandapur, announced on Friday that his government will not expel Afghan nationals to Afghanistan, citing humanitarian concerns and traditional values.Speaking at a press conference in Islamabad, Gandapur said, “It’s our clear policy. No Afghan will be forced to…
NEPRA approves PKR 3.02/kWh relief for Karachi Electric customers
The National Electric Power Regulatory Authority (NEPRA) on Friday approved a relief of PKR 3.02 per kilowatt-hour for Karachi Electric (KE) customers under the Fuel Charges Adjustment (FCA) mechanism for January 2025. The reduction will reflect in consumer electricity bills for April 2025.In a move aimed at shielding consumers from…
