Business
Proposal for Rs4.66 per unit increase in electricity tariff
Islamabad, December 20, 2023 : The Central Power Purchasing Agency (CPPA) has submitted an application to the National Electric Power Regulatory Authority (NEPRA) requesting a Rs4.66 per unit electricity tariff hike. Details reveal that the CPPA, representing power distribution companies (DISCOs), has urged NEPRA to sanction a Rs4.66 per unit increase under the Fuel Charges…
Gold rate witnesses upward trend in Pakistan
Karachi, December 20, 2023 : The price of gold experienced an upward trend on Wednesday, with the per tola price of 24-karat gold surging in both the global and local markets. Details indicate a rise of Rs 900 per tola in the price of 24-karat gold in the country. The All Pakistan Gems and Jewelers…
SMAP urges Govt to liberate salt industry, unlocking export potential
Karachi, December 20, 2023 : Qasim Yaqoob Paracha, Acting Chairman of the Salt Manufacturers Association of Pakistan (SMAP), has called for government intervention to alleviate the axle load restrictions that are hindering the salt industry. In a press release on Wednesday, the Acting Chairman of SMAP shed light on the critical issue of axle load…
Visa announces strategic collaboration with TECH5 to advance digital government ecosystems
Karachi, December 20, 2023 : Visa Inc., a world leader in digital payments and TECH5, an innovator in the field of biometrics and digital identity management, have signed a strategic collaboration agreement focusing on the development and enhancement of digital government ecosystems on a global scale. The two organizations will design a roadmap that encompasses…
Bank Alfalah Limited and U Microfinance Bank enter into strategic collaboration for financing facility of PKR 10 billion
Karachi , December 19, 2023: U Microfinance Bank (U Bank), one of the largest microfinance banks in Pakistan, has forged a strategic partnership with Bank Alfalah Limited, one of the country’s largest commercial banks, to secure a short-term financing facility of PKR 10 billion aimed to collaboratively facilitate U Bank’s corporate funding. The collaboration was…