Power consumers to pay extra Rs3b

[ ISLAMABAD: Consumers are likely to face an increase of up to 19 paisa per unit in electricity tariffs on account of fuel cost adjustment (FCA) for August 2025. The price revision will reflect in the monthly bills of October. The National Electric Power Regulatory Authority (Nepra) conducted a public hearing at its headquarters on … Read more

Solar energy brightens Middle East’s least electrified nation

Yemen’s first large-scale solar plant is helping to alleviate electricity shortages in the southern port city of Aden, bringing some relief to residents and businesses, which suffer losses particularly when the intense summer heat hits. Funded by the United Arab Emirates and operational since July 2024, the Aden Solar Power Plant marks a significant shift … Read more

Punjab shortlists 20 projects for global investment

[ LAHORE: The Punjab Board of Investment and Trade (PBIT) has shortlisted 20 proposals from 86 submitted by various departments, selecting them for conversion into investment projects to be marketed globally. According to a PBIT spokesperson, quoted by Wealth Pakistan on Monday, over 76 consultation sessions were held to evaluate the proposals before finalising the … Read more

Businesses seek Oct 31 extension for returns

[ LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has urged the government to extend the deadline for filing income tax returns till October 31 to facilitate the business community in fulfilling their obligations. In a statement issued on Monday, LCCI President Mian Abuzar Shad, Senior Vice President Engineer Khalid Usman and Vice President … Read more

DeepSeek releases AI model on route to next generation

Chinese AI developer DeepSeek has released its “experimental” latest model, which it said was more efficient to train and better at processing long sequences of text than previous iterations of its large language models. The Hangzhou-based company called DeepSeek-V3.2-Exp an “intermediate step toward our next-generation architecture” in a post on developer forum Hugging Face. That architecture will likely be DeepSeek’s most important product release since … Read more

Stocks jump to fresh peak over IMF review

[ KARACHI: The Pakistan Stock Exchange (PSX) opened the week on a highly strong note as the KSE-100 index soared 1,591 points to close at a new record high at 163,848. Buying interest remained robust, particularly in attractive stocks, pushing the index to the intra-day peak of 163,904, while the day’s low stood at 162,059. … Read more

Foreign investors assured of all facilities

[ ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb has underscored full support and facilitation for foreign investors, including German firms, in expanding their footprint in Pakistan, while streamlining the repatriation of profits and dividends and addressing allied matters. He hailed the government of Germany for its valuable technical and financial assistance to … Read more