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