K-Electric on Friday requested the National Electric Power Regulatory Authority (NEPRA) to authorise a further increase in electricity prices for residents of the port city, merely two days after the Economic Coordination Committee (ECC) approved an increase in the price of electricity to be charged to its consumers. KE, in its request to NEPRA, has مزید پڑھیں

Petroleum supply was suspended countrywide on Thursday after a massive fire erupted at an oil terminal at Kemari before Rangers and Pakistan Navy personnel controlled the inferno. According to the details from rescue officials, at least four people were injured as fire erupted at the terminal. The flames were stopped from spreading further after nine مزید پڑھیں

The Economic Coordination Committee (ECC) of the cabinet on Wednesday approved an increase of up to Rs1.09 per unit in the tariff for K-Electric on account of quarterly adjustments. The ECC meeting chaired by Adviser to the Prime Minister on Finance and Revenue Dr. Abdu Hafeez Shaikh has discussed the issue of quarterly adjustments of مزید پڑھیں

The National Electric Power Regulatory Authority on Tuesday approved Rs0.86 per unit increase in power tariff on account of fuel cost adjustment of electricity. The fuel adjustment charges for the month of July would be charged in consumer bills in next month. The power regulator gave its approval after hearing a request by the Central مزید پڑھیں

Berkshire Hathaway Inc (BRKa.N) has bought a 5% stake in each of Japan’s five biggest trading houses, together worth over $6 billion, marking a departure for Chairman Warren Buffett as he looks beyond the United States to diversify his conglomerate. The long-term investment in Itochu Corp (8001.T), Marubeni Corp (8002.T), Mitsubishi Corp (8058.T), Mitsui & مزید پڑھیں

Finance ministry on Saturday said that the debt burden on the economy has reached upto 87.2 percent, terming the rise mainly due to the impact of coronavirus on the economy. A spokesman for the ministry said that the debt burden on the economy stood at 86.1 percent in June 2019 and witnessed an improvement of مزید پڑھیں

The per tola gold price witnessed an increase of Rs 1,000 to Rs 117,500 in the domestic market. Likewise, the price of 10-gram gold witnessed an increase of Rs 857 and was traded at Rs10,0737, said All Pakistan Jewelers Association. According to Reuters, gold rebounded over 2% on Friday, a day after a steep sell-off, مزید پڑھیں

U.S. technology giants are progressively taking over the stock market in the middle of the coronavirus pandemic. Even as they draw accusations of unfair business practices, and some investors fear the pump is primed for a tech-fueled sell-off. The combined value of the S&P 500’s five biggest companies – Apple Inc (AAPL.O), Amazon.com Inc (AMZN.O), مزید پڑھیں

As many automakers bet on sedans and SUVs in the switch to electric vehicles, Japan’s Honda Motor Co Ltd has decided smaller is better for its first-ever all-battery car. The Honda e, released in Europe earlier this month, is a compact model meant solely for city driving. That contrasts with Tesla Inc, whose Model 3 مزید پڑھیں

The Central Power Purchasing Agency (CPPA) has proposed an increase of over 24% in the cost of fuels utilised to produce electricity during the month of July as the state-owned agency ramped up generation on expensive fuels to meet growing demand for energy. The agency has proposed to the National Electric Power Regulatory Authority (Nepra) مزید پڑھیں