The image shows a person holding smartphones. — Reuters/FilePakistan’s local smartphone manufacturing industry has faced significant pressure following a sharp increase in the import of fully built mobile phones, especially used devices, The News reported on Wednesday, citing data…
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The National Electric Power Regulatory Authority sign can be seen on a building. — APP/File
ISLAMABAD: The National Electric Power Regulatory Authority has ordered all state-run distribution companies and K-Electric to refund consumers Re0.4812 per unit on their November…
Opec+ hikes oil production quotas to ‘support oil market stability’

People walk past an installation depicting barrel of oil with the logo of Opec during the COP29 United Nations climate change conference in Baku, Azerbaijan. — Reuters/FileOpec+ statement follows online meeting of members.Meeting comes after UAE announced exit from Opec+.Move aimed at…
Govt raises $16.2 billion in external financing, misses FY26 target
A trader counts US dollar banknotes at a currency exchange booth in Peshawar, Pakistan January 25, 2023. — ReutersIMF provided $420m under climate finance facility. Saudi Arabia placed a $3bn time deposit with Pakistan. Foreign economic assistance inflow stood at…



