Category: Business News

  • Govt mulls proposals to end load shedding

    Federal Minister for Water and Power Naveed Qamar Friday said government is going through different proposals for bringing the power load shedding to zero in future. Talking to the media at Parliament House, Naveed expressed that opposition is just criticising government and made Parliament a hub for communicating their ideas and recommendations. He added that…

  • Number of Chinese billionaires on the rise

    Publisher of luxury magazines and runner of a research institute — Forbes crowned machinery tycoon Liang Wengen as the nation s richest man. “Even though the stock market is going down, the wealth of the most successful people in China is going up,” Russell Flannery, Forbes senior editor and Shanghai bureau chief, told reporters. He…

  • Nepra announces higher tariff for wind power

    ISLAMABAD: The National Electric Power Regulatory Authority announced on Thursday an enhanced upfront levelised tariff of 14.66 cents per unit for wind power projects. The tariff will apply to wind power projects with installed capacity of 5-250MW and those achieving financial close by Dec 31 next year. The increased tariff will be valid for the…

  • Euro falls down after Italy debt rating

    The euro came under pressure in Asia Wednesday after Moody’s downgraded Italy’s debt rating, fuelling worries over eurozone debt and the impact of a possible Greek default on the global economy. The euro fell to $1.3284 in Tokyo trade from $1.3338 in New York late Tuesday. The single currency also sagged to 101.82 yen from 102.14 yen. The…

  • Plan to raise power tariff put on hold

    ISLAMABAD: The federal government seems to have shelved a plan proposed by a cabinet committee on energy to raise electricity tariff by 12-16 per cent so as not to give ammunition to the agitation that has convulsed Punjab this week and which threatens to rage out of control after PML-N chief Nawaz Sharif called upon…

  • CNG price hike upto Rs 6.30/kg likely

    ISLAMABAD: After an incessant hike in petrol price by Rs 4.15 per litre hitting the nation in the wee hours on Friday, the federal government is likely to raise Compressed Natural Gas (CNG) price by Rs 6.30 per kilogram during current month. Sources said that CNG association has pleaded government to increase price of gas…