Nepra raises power tariff by Re0.79 per unit for May as FCA

A utility company employee fixes electricity lines at Multan’s Hassan Parwana Road on June 5, 2021. — APP ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) announced Thursday that power consumers will have to pay Re0.79 per unit more in the month of May. According to a notification, the additional amount is being levied in lieu

In a first, fintech Abhi raises $6.8 million through Sukuk bond

The logo of startup Abhi. — Facebook/abhikaropk Pakistani salary advance startup Abhi has issued a Sukuk bond to raise funds — the first such move by a fintech in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) region. Chief Executive Officer (CEO) and Co-Founder Omair Ansari said the platform raised Rs2 billion or $6.8

US Fed raises interest rates by a quarter-point

The Federal Reserve building in Washington, DC, United States, October 22, 2021. — AFP WASHINGTON: The US Federal Reserve raised its benchmark lending rate for a tenth consecutive time Wednesday, while signaling an easing in its forward guidance on signs of an economic slowdown in the United States. The central bank had embarked on an

Federal Reserve raises interest rates to 16-year high as fight to tame inflation continues

Centre Raises Rates On Some Small Saving Schemes By Up To 0.7%

Kotak Mahindra Bank Arm Raises $1.25 Billion For Second Special Situations Fund

The overall targeted amount for the second fund is $1.6 billion. (File) Mumbai: A Kotak Mahindra Bank arm today announced that it has raised $1.25 billion for its second special situations fund. The money raised will be deployed in equity, debt capital and hybrid instruments across sectors, a statement from Kotak Investment Advisors (KIA), the