KElectric announced in a disclosure at 8 AM today on the PSX website. According to the disclosure NEPRA has approved KElectrics’s Multi Year Tariff from 2024 to 2030. This is important news for the company as it paves the way for the company to start investing in the infrastructure of the city as well as […]
NEPRA has approved K-Electric’s multi-year distribution tariff for the period FY24 to FY30. K-Electric hadproposed a seven-year tariff control period to facilitate long-term investments. However, the regulator has yet to approve the investment plan, and any revisions to it may impact our projected earnings. For FY24, the average distribution tariff has been set at PKR […]
The Prime Minister approved the Integrated Generation Capacity Expansion Plan (IGCEP) 2024–34, a long-awaited 10-year roadmap for Pakistan’s power sector. The plan is expected to save $17 billion through rescheduling and cancellation of 7,967 MW of planned projects. Core objectives of this plan include: According to the plan,18 projects totalling 7,017 MW, including strategic hydropower […]
Pakistan will raise its Petroleum Development Levy (PDL) to over Rs100 per litre on petrol and diesel in coming fiscal year starting July 2025. This development comes up after the series of meetings with IMF regarding preparation of budget 2025-2026 and ways on curbing the cicular debt. The Petroleum Development Levy (PDL), currently stands at […]
The International Monetary Fund (IMF) has set eleven new structural benchmarks (SBs) for the ongoing $7 billion Extended Fund Facility (EFF) programme including the parliamentary approval of a fiscal year 2026 budget in line with the Fund staff agreement to meet programme targets. Some of the new structural benchmarks added are:
Chief Minister Punjab Ms. Maryam Nawaz Sharif announced the Green Tractor Scheme at the Rice Institute Kala Shah Kaku. This scheme provides tractors and cash grant to the wheat farmers. On this occasion she handed over the key of the tractor to farmers. She inspected 75 tractors and other agricultural equipment like Rotavator, Rotary Tiller […]
Security Papers Limited (PSX:SEPL), the company engaged in manufacturing banknotes and other security papers, announced plans to upgrade its plant, which is expected to be completed within 18 months. The listed company shared the development in its notice to the Pakistan Stock Exchange (PSX). “SPL was duly incorporated in Karachi on 8 December 1965, as […]
State Bank of Pakistan (SBP) Governor Jameel Ahmad has notified that the central bank would issue the first new currency note in the second half of 2025,replacing all the existing notes one by one – an initiative aimed at bringing new banknotes with improved security features. The central bank is set to secure the federal […]
State Bank Pakistan (SBP) has decided to cut its policy rate by 200bps as per the decision taken in the MPC meeting on Thursday 12 September 2024. The cut in policy rate was being eagerly awaited by stakeholders due to the following positive news on the economic front: This cut bodes well for the Pakistani […]
