Since Pakistan is about to sign a revised agreement on the project with China under the China-Pakistan Economic Corridor (CPEC), civil work on the Main Line-1 (ML-1) project is likely to start in the upcoming fiscal year. The updated plan calls for spending $6.7 billion on the three-phased Main Line-1Continue Reading
WASHINGTON (AP) — While briefing the media in Washington on Thursday, State Department spokesperson Matthew Miller stated that the US supports free and fair elections in Pakistan. Matthew Miller stated: “We support free and fair elections and do not take a position one way or another.” In response to aContinue Reading
ISLAMABAD – The National Electric electricity Regulatory Authority (Nepra) has authorized a Rs3.28 per unit increase in electricity rate for the fourth quarter of fiscal year 2022-23 to accommodate for fuel cost adjustments. His judgment has been forwarded to the federal government for final approval by the regulatory authority. TheContinue Reading
ISLAMABAD: Power Division Secretary Rashid Langrial declared on Sunday that the free electricity provision for grade 17 and higher officers of power distribution companies (Discos) will be discontinued. Secretary Langrial stated during a press conference in Islamabad on a variety of power-related matters that a summary of the decision willContinue Reading
(Web Desk)- Former finance minister Miftah Ismail argued that the existing administration would be unable to provide assistance to the poor if it did not seek approval from the International Monetary Fund (IMF). Following widespread public outrage over excessive power bills, the former minister stated that the caretaker administration willContinue Reading
In keeping with the negative trend in the global market, gold prices fell in Pakistan on Saturday. According to data issued by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of yellow metal per tola fell by Rs. 600 to Rs. 221,800 and by Rs. 514 per 10Continue Reading
KARACHI, – Former Air Vice Marshal Muhammad Amir Hayat has been named CEO of Pakistan International Airlines (PIA) for a one-year term. The departing administration said last week that it intended to privatize the loss-making PIA, which has accrued hundreds of billions of rupees in liabilities and arrears. The actionContinue Reading
According to a top WFP official, the globe is entering a “humanitarian doom loop” because Russia has not provided the Rome-based UN agency’s globe Food Programme (WFP) with free grain. WFP Deputy Executive Director Carl Skau described the Black Sea Grain Initiative’s demise when Russia stopped its participation as “regrettable,Continue Reading
There are proposals to increase the cost of power by an additional Rs 3 per unit in response to the recent International Monetary Fund (IMF) agreement with Pakistan. The average cost of power will rise from Rs 29 to Rs 33 due to this hike. In peak hours, the priceContinue Reading
According to Pakistan’s Prime Minister Shehbaz Sharif, the country needs to increase its IT exports to $25 billion and IT investments to $20 billion over the next two to three years. This is because the government has already put in place a system to provide one-window operations to help investors.Continue Reading
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