PSX continues bullish trend as KSE-100 hits new record high
KARACHI: The Pakistan Stock Exchange continued its history-making momentum, as the benchmark KSE-100 Index crossed the 113,000 mark today for the first time during the opening hours of trading on Thursday. At 10:20 in the morning, the benchmark index was hovering at 113,420.02, up 2,609.81 points or 2.36 percent. The
ADB approves $200 million loan to modernize power distribution sector in Pakistan
ISLAMABAD: The Asian Development Bank (ADB) has approved a $200 million loan to modernize power distribution infrastructure in Pakistan. Under the project, over 300,000 advanced metering systems will be installed along with data management and communication systems. According to a statement issued by the ADB, the project will focus on
ADB urges Pakistan to adopt India’s ULLAS Scheme for education reform
The Asian Development Bank (ADB) has advised Pakistan to implement India’s “Understanding of Lifelong Learning for All in Society” (ULLAS) scheme to reform its struggling education system. This recommendation follows Pakistan’s appeal for financial assistance to improve education quality and address the high number of out-of-school children. ADB stressed the
Up to 70% of Pakistan’s population does not pay electricity bills: ADB
According to the Asian Development Bank (ADB), up to 70 percent of Pakistan’s serviced population does not pay their electricity bills. This non-payment is attributed to both financial constraints and widespread inefficiencies and irregularities in billing and collection. The Asian Development Bank’s report, “Pakistan National Urban Assessment,” highlights that Pakistan’s
