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Power tariff hiked for Karachiites

KARACHI: National Electric Power Regulatory Authority (NEPRA) has given a go ahead to Karachi Electric Supply Company (KESC) to increase power tariff by Rs5.22 per unit. According to a notification issued by NEPRA, the tariff hike is a result of a fuel adjustment and will be collected for nine months – June 2009 to March 2010. The collection for the above adjustment will be made in 7 equal installments.... 

European stocks steady after day-earlier losses

LONDON: European stock markets steadied Thursday following the previous day’s losses while the euro clambered up from four-year lows. Sentiment remained subdued by ongoing concerns over Europe’s government debt crisis and the political response to it.  Read More →