Karachi, April 3, 2025 – The Pakistani rupee remained stable against the U.S. dollar in the interbank market on Thursday, closing at the 280 level. Throughout the trading session, the local currency fluctuated slightly between 280 and 282 per dollar before settling at the lower end of the range by market close. Meanwhile, in the…
Islamabad, April 3, 2025 – Prime Minister Shehbaz Sharif has announced a significant reduction in electricity prices, providing much-needed relief to consumers across Pakistan. The electricity tariff has been slashed by Rs. 7.41 per unit, bringing the new rate down to Rs. 34.37 per unit. The announcement was made on Thursday as part of the…
Washington, April 3, 2025 – U.S. President Donald Trump has announced a sharp increase in trade tariffs on Pakistan, imposing a flat 29% duty on Pakistani imports. This marks a significant hike from the previous 4-5% concessionary rates that Pakistan enjoyed under the Generalized System of Preferences (GSP). The move is expected to have far-reaching…
Islamabad, April 3, 2025 – Pakistan’s Consumer Price Index (CPI)-based inflation recorded a sharp decline in March 2025, slowing to 0.7% year-on-year, according to data released by the Pakistan Bureau of Statistics (PBS). This marks a significant improvement compared to 1.5% inflation in February 2025 and a drastic drop from the 20.7% inflation rate recorded…
Karachi, April 3, 2025 – Lotte Chemical Pakistan Limited (PSX: LOTCHEM) has announced an extension of its plant shutdown, which will now remain suspended until April 17, 2025. The company made the disclosure in a notice to the Pakistan Stock Exchange (PSX) on Thursday, citing the need for further maintenance and operational adjustments. The shutdown…
Islamabad, April 3, 2025 – The Central Power Purchasing Agency (CPPA) has cleared outstanding dues owed to Nishat Chunian Power Limited (PSX: NCPL), bringing much-needed financial relief to the independent power producer (IPP). The company disclosed the development in a notification to the Pakistan Stock Exchange (PSX) on Thursday. The payment is part of the…
Islamabad, April 3, 2025 – Mari Energies Limited (PSX: MARI) has announced another significant gas and condensate discovery at the Spinwam-1 well in the Waziristan Block, Khyber Pakhtunkhwa (KP). This marks the company’s third successful discovery in the region, further strengthening Pakistan’s domestic energy resources. In a statement issued by Mari Energies, the company confirmed…