Category: Business

Turkmenistan to access Gwadar Port under CPEC | The Express Tribune

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ISLAMABAD: Turkmenistan is set to become the first Central Asian country to access the Gwadar Port under China Pakistan Economic Corridor (CPEC) as both countries are about to ink an agreement in this regard. Pakistan and Turkmenistan are already venturing various joint projects, including TAPI pipeline, railway track and fibre connectivity to connect two regions…

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Ministers object to creation of more authorities | The Express Tribune

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ISLAMABAD: Finance Minister Muhammad Aurangzeb and Planning Minister Ahsan Iqbal raised objections to the formation of a National Digital Commission and the Pakistan Digital Authority, instead called for using the current available infrastructure and taking advantage of innovation in the scientific field. The ministers along with Minister of State for Information Technology (IT) Shaza Fatima…

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NEPRA fines KE Rs1m for safety lapse | The Express Tribune

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ISLAMABAD: The country’s power regulator has slapped a fine of Rs10 million on K-Electric (KE)—the power utility that supplies electricity to Karachi—for “lack of safety measures/culture” which resulted in the death of a person within its service territory during FY 2022-23. The National Electric Power Regulatory Authority (NEPRA) directed KE to pay the fine in…

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IMF names new country head | The Express Tribune

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ISLAMABAD: The International Monetary Fund has appointed Mahir Binici as the new country head for Pakistan, while the government intensifies efforts to secure the $7 billion loan approval by the last week of September. All this is taking place amid growing suspicions about the motives of the global lender. The IMF’s action to set wrong…

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Gold prices see big decline in Pakistan – SUCH TV

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After back-to-back gains, gold prices in Pakistan declined on Saturday in line with the decrease in the international rates. In the local market, the price of gold per tola lost Rs2,000, clocking in at Rs261,500. The 10-gram gold was sold at Rs224,194 after it registered a decrease of Rs1,714, according to rates shared by the…

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Smart Meters to Transform Rural Electricity Supply in Bihar: Features, Benefits Explained – News18

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Last Updated: September 05, 2024, 19:11 IST When a consumer’s balance is low, they can quickly recharge and reconnect their meter through the app. The new smart prepaid meters being installed in rural areas come with a handy push button designed to assist consumers during network outages. Residents in rural areas under the Bikramganj electricity…

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AU Small Finance Bank Submits Application To RBI For Universal Bank Licence

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New Delhi: AU Small Finance Bank (AUSFB) on Tuesday submitted an application to the RBI seeking approval for a universal bank licence. The RBI in April invited applications from small finance banks meeting specified criteria, including a minimum net worth of Rs 1,000 crore, for becoming regular or universal banks. AUSFB submitted an application to…

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PM Modi hails 10 years of Jan Dhan Yojana; shares how it has been ‘game-changing’ – Times of India

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10 years of Jan Dhan Yojana: Prime Minister Narendra Modi on Wednesday celebrated the 10th anniversary of the Jan Dhan Yojana and commended those who contributed to its success. “Today, we mark a momentous occasion – #10YearsOfJanDhan. Congratulations to all the beneficiaries and compliments to all those who worked to make this scheme a success,”…

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