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As of June 2024, Pakistan’s public and publicly guaranteed debt has soared to an unprecedented Rs74.6 trillion. This dramatic increase of Rs8.2 trillion, or 12.3%, from the previous fiscal year has pushed the debt-to-GDP ratio to a concerning 70.5%. This figure significantly surpasses the statutory limit of 57.5% set by the Debt Limitation Act, signaling potential trouble for the nation’s …

Mari Petroleum Company Ltd (MPCL) has achieved a record-breaking financial performance for the fiscal year 2024 (FY24), reporting the highest-ever earnings of Rs77 billion. This represents a notable increase of 38% from the Rs56 billion earned in FY23. The company also declared a substantial final cash dividend, alongside an interim dividend of Rs232 per share for FY24, marking a payout …

In response to criticism over payments to Independent Power Producers (IPPs) and ongoing protests by Jamaat-e-Islami, the National Electric Power Regulatory Authority (Nepra) has announced a substantial increase in electricity rates. Effective from August, consumers will see an additional charge of Rs2.5627 per unit on their electricity bills. This rate adjustment, which affects all consumer categories except electric vehicle charging …