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
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
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
The Federal Reserve announced Wednesday it was raising its key federal funds rate to more than 5% — a 16-year high — as it continued its firefight against persistent inflation. In its statement announcing the hike — the 10th-consecutive one since March 2022 — it omitted previous language that signaled more hikes were likely. While
The highest increase was in the interest rate of the National Savings Certificate. (Representational) New Delhi: The government today raised interest rates on most post office saving schemes by up to 0.7 per cent for the April-June 2023 quarter in line with the firming of interest rates in the economy. While the interest rates for
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