Listen to the article Prime Minister Shehbaz Sharif announced a reduction in RS7,41 per unit of electricity prices for household consumers while attacking an event in Islamabad to unveil the new government’s electric package, aimed at reducing costs for consumers. He also announced that electricity rates for industrial consumers would be reduced by RS7.59 per … Read more
An employee has Pakistani rupee tickets in a Peshawar bank. – Reuters / File The PM Shehbaz Sharif is heading for a main recovery operation: Source. The Prime Minister personally allocates the funds to the legal representation of FBR. The FBR chief and the Governor of the SBP contribute to key change in the government’s … Read more
A representative image of a transmission tower, also known as an electricity pylon. — AFP/File Current defaulters owe Rs1,094tr to nightclubs. Companies adding 50 billion rupees per month to circularize the debt. 10 to 15% recovery achieved via overcharging each year. ISLAMABAD: Amid the government’s efforts to improve the country’s economic indicators, it has been … Read more
A PIA aircraft parked in the shadow of the Nur Khan Technical Complex in Islamabad on February 9, 2023. — X@PIA ISLAMABAD: The government’s semi-annual report on state-owned enterprises (SOEs) has revealed that the accumulated losses of several such entities since 2014 amount to Rs 5.9 trillion, News reported Saturday. The report, aimed at complying … Read more
A representative image of pylons and power lines. — Reuters/File The Ministry of Energy writes a letter to the Ministry of Finance in this regard. The FY25 budget includes Rs 1,229 billion in energy subsidies. The IMF recommends institutionalizing anti-theft procedures. ISLAMABAD: To avoid slippages due to the escalation of circular debt agreed with the … Read more
Construction work of Malir Korangi Expressway towards Quaidabad segment is underway, at Korangi Industrial Area in Karachi on Wednesday, November 6, 2024. — PPI KARACHI: Karachi Mayor Murtaza Wahab on Thursday announced an allocation of Rs 2.1 billion to address pressing infrastructure issues in Korangi Industrial Area (KIA), News reported. Speaking at the Korangi Association … Read more
Finance Minister Muhammad Aurangzeb speaks during an interview with Reuters at his office in Islamabad, July 19, 2024. — Reuters PTI marches towards Islamabad to stage protest. “Tax revenues are decreasing due to confinement and protests.” The industrial sector faces a loss of Rs20 billion in the provinces: FinMin. Pakistan is suffering a huge loss … Read more