Category: Business

Saudi Arabia Turkiye Sign Major Solar Energy Deal

ISTANBUL: Saudi Arabia and Turkiye have signed a major agreement to develop large scale solar power projects, strengthening energy cooperation between the two regional partners. Under the deal Saudi energy company ACWA Power will construct two solar power plants in the provinces of Sivas and Karaman in central Turkiye. The projects will have a combined […]

US Supreme Court Blocks Trump’s Emergency Tariffs

WASHINGTON: The US Supreme Court has struck down former President Donald Trump’s broad tariffs ruling that he exceeded his legal authority by using emergency powers to impose import taxes. In a 6-3 decision authored by Chief Justice John Roberts the court held that the International Emergency Economic Powers Act (IEEPA) does not grant the president independent […]
Electricity Tariffs

Pakistan Plans Income-Based Electricity Tariffs for 100–300 Unit Consumers

Government prepares major power pricing overhaul to ensure fair subsidy distribution for low-income households ISLAMABAD: The federal government has initiated sweeping reforms to restructure electricity and gas pricing, shifting from consumption-based tariffs to an income-based subsidy model aimed at protecting low-income households. The proposed framework, being finalized in line with commitments made to the International […]

Mitsubishi Reportedly Plans Full Exit from Pakistan Raising Investment Concerns

ISLAMABAD: Former Sindh Governor Mohammad Zubair has shared on X that Mitsubishi Corporation is reportedly set to sell its entire shareholding and exit Pakistan intensifying concerns over the country’s investment climate. If confirmed Mitsubishi would join a growing list of multinationals that have scaled down, restructured, or withdrawn operations in Pakistan including Microsoft Yamaha Motor Company, […]
Gold Silver Prices

Gold Prices Surge in Pakistan; Silver Sees Minor Decline

Gold Prices Soar in Pakistan as Silver Edges Down KARACHI: Gold prices in Pakistan witnessed a sharp rise on Saturday, with local markets recording an increase of Rs7,000 per tola. Following the surge, one tola of gold is now priced at Rs526,962, while 10 grams of gold rose by Rs6,001 to Rs451,785. The increase mirrors […]

PSX Extends Losses as KSE 100 Drops Nearly 1,800 Points

KARACHI: Selling pressure persisted at the Pakistan Stock Exchange (PSX) on Monday, extending last week’s sharp losses as investor sentiment remained subdued amid rising domestic uncertainties and external geopolitical concerns. The benchmark KSE-100 index witnessed a volatile session, recording an intra day high of 185,650.60 and a low of 180,992.80. By the close the index […]
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