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PM Shehbaz reforms 6 DISCO boards
ISLAMABAD: Prime Minister Shehbaz Sharif reconstituted boards of six power distribution companies over unsatisfactory performance. He reconstituted six boards including Lahore Electric Supply Company, Faisalabad Electric Supply Company, Multan...
Tajir Dost scheme expanded to 42 cities across Pakistan
ISLAMABAD: In major development, Federal Board of Revenue (FBR) has extended Tajir Dost scheme to 42 cities. Previously limited to six major cities, scheme now covers Abbottabad, Attock, Bahawalnagar, Bahawalpur, Chakwal, Dera Ismail Khan, Faisalaba...
Empowering youth with digital health marketplace
KARACHI: USAID's flagship private sector health project, Frontier Health Markets (FHM) Engage, has launched Youth Council for Sustainable Action in Sindh. Youth council aims to amplify youth voices and promote sustainable health practices, particu...
Govt urged to emphasise economic growth despite IMF loan
LAHORE: Businessmen cautioned government that signing of staff-level agreement with International Monetary Fund (IMF) should not be used as an excuse to retard economic growth of country. "We understand that country cannot survive without another IMF...
PM invites Turkmen companies to explore investment opportunities
ISLAMABAD: Prime Minister Shehbaz Sharif invited Turkmen companies to benefit from promising investment climate of Pakistan and highlighted role of Special Investment Facilitation Council in facilitating foreign investors to invest in different...
'Overdue correction': KSE-100 plummets 1,579 points
KARACHI: Selling pressure persisted throughout trading session at Pakistan Stock Exchange (PSX) with benchmark KSE-100 Index falling below 79,000-point level after nearly 2 percent loss that was triggered by rising political uncertainty in country. A...
Power generation down, cost also decreases over 10pc YoY in June
KARACHI: Power generation clocked in at 13,460 GWh (18,090 MW) in June 2024, decrease of 1.9 percent YoY as compared to same period of previous year. Back in June 2023, power generation stood at 13,715 GWh (18,433MW), revealed data released by broke...
No 'capacity payments' for small hydel units
ISLAMABAD: Government has decided to eliminate concept of 'capacity payments' for small hydropower projects, aiming to reduce financial burden on power consumers. Currently, consumers are shouldering 70 percent of electricity costs due to these paym...
NA committee okays Privatisation Commission Amendment Bill 2023
ISLAMABAD: Standing Committee of National Assembly approved Privatisation Commission Amendment Bill 2023 by majority vote. Decision was confirmed by Minister for Investment Board, Communications and Privatisation, Abdul Aleem Khan. Minister hi...
Rising energy costs threaten to sink industries: SM Tanveer
LAHORE: United Business Group Patron-in-Chief SM Tanveer criticised government's recent decision to increase electricity costs for commercial use, arguing that such hikes are severely damaging industries. Speaking at joint press conference with form...
