Gold bars are seen at the Austrian gold and silver separation plant “Oegussa” in Vienna, Austria, March 18, 2016. — Reuters To help provide debt relief to low-income countries devastated by climate-related disasters, the International Monetary Fund (IMF) should sell 4% of its gold, study suggests, as climate finance dominates first discussions of the COP29 … Read more
Logo of the National Electric Power Regulatory Authority (Nepra) visible on a wall. — APPLICATION/File Nepra initially asked KE to submit data in May 2024 KE requested an extension and failed to meet the standards. The company says it is in close coordination with Nepra on this issue. ISLAMABAD: The National Electric Power Regulatory Authority … Read more
The International Monetary Fund logo is seen inside the headquarters in Washington, United States, October 9, 2016. — Reuters Potential delay linked to Saudi Arabia conditions on the Reko Diq project. Sources suggest Pakistan has a backup plan if Saudi oil facilities shut down. The IMF mission discusses external financing in the context of economic … Read more
A representative image showing electricity pylons on March 30, 2022. — Reuters Energy sector reforms face economic hurdles: Awais Leghari. The country is still grappling with the consequences of past IPP contracts, he adds. He deplores the financial burden weighing on the system due to net billing system. ISLAMABAD: Energy Minister Awais Ahmad Khan Leghari … Read more