Economy

PM Shehbaz Orders to Expedite CPEC-2, Other Projects Under Chinese Investment

Prime Minister Shahbaz Sharif chaired a high-level meeting on the China-Pakistan Economic Corridor (CPEC) and other projects under Chinese investment.

PM Shehbaz instructed all ministries to coordinate in order to expedite the speedy implementation …

Cnergyico Temporarily Shuts Down Refinery Due to High Petroleum Products Stocks

Cnergyico PK Limited, Pakistan’s largest vertically integrated oil refining company, Tuesday announced that it is temporarily shutting down its refinery.

In a notice to Pakistan Stock Exchange (PSX), the company said that the decision has been taken…

IMF Wants Pakistan to Withdraw Incentives For International Investors

The International Monetary Fund (IMF) has recommended that Pakistani authorities withdraw/eliminate all incentives for savings and financial investors in the upcoming fiscal year budget.

Sources told ProPakistani this includes perks for banks who re…

PSX Announces 5th Batch of Stocks Moving to One Share Lot Size

The Pakistan Stock Exchange (PSX) Monday announced that it is planning to implement the 5th batch of existing 500 Lot size Regular Market companies for transition into ONE Share Lot Size w.e.f. May 20, 2024.

As a result of said transition, these com…

Gold Price in Pakistan Falls After Gaining Over Rs. 5,000 Per Tola Last Week

The price of gold in Pakistan fell by over Rs. 1,000 per tola on Monday to settle at Rs. 242,300.

According to data issued by the Karachi Sarafa Association, the price of gold (24 carats) fell by Rs. 1,200 per tola to Rs. 242,300, while the price of…

Islamabad is Getting a New Electricity Substation

The National Transmission and Despatch Company (NTDC) is spearheading the development of the Islamabad West Substation, slated to be operational by 2026. Funded by the World Bank through the National Transmission and Modernization Project Phase-I, in…