【Daily】12 September Brief of Pak BizNews
KSE 100 41,948 ▲0.29%
KMI 30 69,220 ▲0.12%
KASB Tech Index 435 ▲1.57%
KASB Market View
Guterres advocates new repayment model for Pakistan
United Nations Secretary-General Antonio Guterres on Saturday urged global financial institutions to create a new mechanism for countries like Pakistan to enable investment in climate resilience and sustainable infrastructure, instead of getting mired in debt repayment.
AIIB asked to increase funding to $1bn
Pakistan on Friday asked Asian Infrastructure and Investment Bank (AIIB) to enhance its overall financing for the current fiscal year to $1 billion.
Cartelisation, abuse of dominance: CCP investigating potential involvement of two float glass manufacturers
Float glass, an important component of the construction sector, is under scrutiny of the Competition Commission of Pakistan (CCP) to investigate possible involvement of two dominant float glass manufacturers in cartelisation and abuse of dominance.
RLNG prices reduced for SSGCL, raised for SNGPL
The Oil and Gas Regulatory Authority (Ogra), on Friday, reduced the prices of imported Re-gasified Liquefied Natural Gas by -0.01 percent for Sui Southern Gas Company Limited (SSGCL) and increased by 0.19 percent for Sui Northern Gas Pipeline Limited (SNGPL).
PSO urges Power Div to revisit furnace oil demands
Pakistan State Oil (PSO) has urged Power Division to revisit furnace oil demand for the month of October 2022, keeping in view considerable variance in demand and upliftment in September 2022, well informed sources told Business Recorder.
July FCA: KE to refund Rs4.12 per unit to consumers
National Electric Power Regulatory Authority (NEPRA) has directed K-Electric (KE) to refund Rs 7.40 billion @ Rs 4.12 per unit to its consumers for July 2022 under monthly Fuel Charges Component (FCA) mechanism.
Govt to start clearing dues of Chinese IPPs from next week
The government on Friday promised to start making payments to independent power producers (IPPs) set up under the China-Pakistan Economic Corridor early next week and set a schedule for regular monthly payments for a full fiscal year to the satisfaction of Chinese investors.
Weekly inflation slows down to 43pc
The weekly inflation dropped slightly and posted an increase of 42.70 per cent largely driven by essential kitchen items and high energy costs, according to data released by the Pakistan Bureau of Statistics (PBS) on Friday.
Commodities and Currency: 1-Day Change