This photo shows the flames of a lit burner of a gas stove. – AFP / File The Economic Coordination Committee (ECC) on Saturday rejected a proposal by the Petroleum Division to increase gas tariffs for domestic consumers, citing the need to ease rising inflation. The ECC met in Islamabad under the chairmanship of Federal … Read more
A representative image of a transmission tower, also known as an electricity pylon. — AFP/File Prime Minister Shehbaz is holding a federal cabinet meeting today. The government approves the proposal to reduce capacity costs. The Prime Minister considers the revised agreements a major achievement. The federal cabinet on Tuesday approved revised agreements with 14 independent … Read more
An aerial view of the Reko Diq mine in Balochistan. —Reuters/File Saudi Arabia will acquire 15% of the capital in two phases. A first tranche of $330 million will soon be transferred. Reko Diq has 5.9 billion tonnes of copper-gold ore reserves. ISLAMABAD: The government has approved the sale of 15% stake in the Reko … Read more
Former United States Marine Corps pilot Daniel Dugan will be extradited from Australia to the United States over allegations he illegally trained Chinese airmen. Australian Attorney General Mark Dreyfus approved the extradition on Monday, ending a nearly two-year attempt by the Boston-born 55-year-old to avoid being returned to the United States. Duggan, who served in … Read more
A representative image showing the lit burner of a gas stove. — Reuters/File Ogra approves 8.71% increase for Sui Northern users. Approves a 25.78% increase for Sui Southern consumers. The hike will be finalized after advice from the government, says Ogra. ISLAMABAD: As citizens continue to suffer from high bills during the winter season, the … Read more
Building of the National Electric Energy Regulatory Authority. —Nepra website/File Re 0.1957 per unit will also be charged to KE consumers. Uniform rate of Re.0.1957 per unit to be invoiced in December. Nepra announces price increase via notification. KARACHI: Due to quarterly adjustments for the first quarter of the financial year 2024-2025, the National Electric … Read more
An image of the headquarters of the Asian Development Bank (ADB). — AfDB Website/File ISPDP funding aims to reduce poverty among vulnerable women and families. Additional funding strengthens BISP’s capacity for climate resilience measures. The ADB has committed $52 billion to Pakistan since 1966 for economic development. The Asian Development Bank (ADB) has approved additional … Read more
Electricity transmission towers are pictured in Karachi on July 26, 2022. — Reuters The project will include the installation of advanced metering infrastructure. At least 25 network stations are to be built and upgraded in Lesco. The voltage of four stations on the Sepco network will be increased to 132 kV. ISLAMABAD: The Asian Development … Read more
Russian President Vladimir Putin budget plans approved, bringing military spending for 2025 to record levels as Moscow seeks to assert itself in the war in Ukraine. About 32.5% of the budget published on a government website on Sunday was allocated to national defense, or 13.5 trillion rubles (more than $145 billion), compared to 28.3% this … Read more