Commerce

NEPRA to slash per unit power costs by Rs. 2.21

ISLAMABAD (Sarzameen News) – National Electric Power Regulatory Authority (NEPRA) on Thursday decided to reduce the per unit power costs by Rs. 2.21, ARY News reported. The power regulatory authority has approved the reduction of rates. The tariffs have been revised due to fuel adjustment charges in the month of December. Central Power Purchasing Agency

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Govt spending rs92m on construction of small dams in FATA

PESHAWAR (Sarzameen News) – The Federal Government is spending about ninety-two million rupees on the construction of several small dams in the Federal Administered Tribal Areas (FATA). Sources of FATA Secretariat on Thursday said that these dams are being constructed in Bajaur, Khyber, Orakzai, Kurram, North and South Waziristan Agencies. These dams on completion will

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Bullish trend continues at PSX

KARACHI (Sarzameen News) – The bullish trend continued at Pakistan Stock exchange at the start of business on Wednesday morning. A three member British delegation led by Lord Mayor London, Dr. Andrew Parmley visited Pakistan Stock Exchange and started the business by ringing the traditional bell. The PSX has reached the highest level of fifty

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Gold price remains stable in local market

KARACHI (Sarzameen News) – Gold price on Tuesday went up by $4 to settle at $1213 per ounce in international market whereas it remained stable in the local markets. With no hike witnessed, price of gold per tola remained stable at Rs50,700 and per 10 gram remained at RS43,457 in domestic markets. Silver price successfully

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PSX benchmark index breaches 50,000 barrier

KARACHI (Sarzameen News) – Pakistan Stock Exchange (PSX)-100 index on Tuesday continued its bullish momentum and surpassed 50,000-point level for first time in the history after induction of 164 points during intra-day trading session. This increasing trend of investment in stock exchange is being deemed as good omen for national economy by business. It may

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PSX witnesses bullish trend

KARACHI(Sarzameen News) – Pakistan Stock Exchange witnessed bullish trend at the start of the opening day of the week on Monday as 100 index crossed the limit of 49,740 points with the increase of 370 points in hundred index. According to economic observers, this increasing trend of investment in stock exchange is good omen for

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Pakistan becomes 5th emerging market in world: Finance Minister

KARACHI (Sarzameen News) – Finance Minister Senator Ishaq Dar has said Pakistan has achieved the global recognition due to its fast growing economy. Addressing the business community at the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) in Karachi, he said the country has now become the 5th emerging market in the world. He

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PSX, Chinese Consortium sign 40pc share purchase agreement

KARACHI (Sarzameen News) – Pakistan Stock Exchange and Shanghai Consortium of China on Friday signed a 40 percent share purchase agreement in Karachi today. The Chinese consortium, qualified as the best bidder for the purchase of 40 percent shares of PSX brokers, includes China Financial Futures Exchanges, Shenzen Stock Exchange and Shanghai Stock Exchange, and

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CPEC will give impetus to industrialization in Pakistan: Ahsan Iqbal

ISLAMABAD (Sarzameen News) – Minister for Planning and Development Ahsan Iqbal on Thursday said that utmost transparency is being ensured in all projects of China-Pakistan Economic Corridor (CPEC). Addressing a post 6th joint cooperation committee on CPEC follow up meeting in Islamabad, he said some elements are hell-bent to hamper Pakistan’s development by spreading confusion

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Over 78pc American Companies willing to invest in Pakistan

DAVOS (Sarzameen News) – Over 78 percent American companies are willing to invest more in Pakistan over the next 12 months, owing to improved security and long-term economic climate, a survey by the American Business Council (ABC) of Pakistan (ABC) said. The survey results are 13 percent up from 65%, according to a perception survey

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