Listen to article The Federal government has announced a rise in electricity prices by Rs 1.74 per unit, effective immediately. This adjustment follows a notification issued by the government and will impact all electricity consumers, including those served by Distribution Companies (DISCOs) and K-Electric. The price hike, implemented as part of a quarterly adjustment, will add an … Read more
Askari Bank Limited has announced an increase in the authorized and paid-up capital of its wholly-owned subsidiary, Askari Currency Exchange (Pvt.) Limited. The decision was approved by the bank’s Board of Directors during a meeting held on August 29, 2024. According to a disclosure made to the Pakistan Stock Exchange (PSX) on Thursday, the board … Read more
The State Bank of Pakistan (SBP) has increased the clean lending limit for Small and Medium-sized Enterprises (SMEs) to Rs10 million, aiming to facilitate their access to finance. The banking regulator has amended the Prudential Regulations for SME Financing, specifically SME Regulation R-4, to raise the clean lending limit for an SME borrower from Rs5 … Read more
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ISTANBUL: The possibility of a “massive” earthquake jolting Japan has “increased,” the country’s weather agency has warned. The warning was issued after southwestern Japan was jolted on Thursday by a strong 7.1 magnitude earthquake, forcing Prime Minister Fumio Kishida to cancel his trip to Central Asia on Friday. It is the “first such advisory for … Read more
The Government of Punjab has announced an increase in the royalty rate on limestone, crucial for cement manufacturing. The revised rate now stands at 6% of the ex-factory sales price of cement or clinker, up from the previous fixed rate of PKR 250 per ton. Under this new royalty structure, the cost of limestone per … Read more