A power technician while fixing electric meters in Pakistan. — AFP/FileThe government is working on phasing out the protected electricity consumer category, a top official informed lawmakers on Tuesday, in a move that would replace subsidised tariffs with direct cash transfers for…
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PSX extends losses as US tariffs return, geopolitics unsettle investors
A stockbroker monitors share prices during a trading session at the PSX in Karachi, January 21, 2025. — INP
KSE-100 Index closed at 166,258.54, down 1,432.54 points, or 0.85%.Index hit an intraday high of 169,237.51, up 1,546.43 points, or 0.92%.Index recorded a low of…
World Bank projects Pakistan’s GDP growth at 3% for FY26
A labourer delivers packs of fabrics to a market in Karachi. — ReutersEconomic outlook tempered by recent floods: World BankLender stresses implementation of priority fiscal reforms.Urges market-determined exchange rate, stronger trade finance.
ISLAMABAD: The…
UAE central bank revokes Omda Exchange license, imposes AED10m fine
A man enters the main branch of UAE Central Bank in Abu Dhabi, UAE. — Reuters/File
ABU DHABI: The Central Bank of the UAE has revoked the license of Omda Exchange and imposed a financial penalty of AED10 million due to violations of financial laws and…