The suspension of mobile broadband services in Pakistan due to political escalation has caused significant financial losses for digital service providers, the government, and the general population.
Read MoreDay: May 12, 2023
Newly Launched Night Navigation Increases FOTCO’s Terminal Capacity By 30pc
Fauji Oil Terminal and Distribution Company (FOTCO) in collaboration with Port Qasim Authority (PQA) on Wednesday commenced night navigation of oil vessels at the FOTCO terminal, a move that increases the company’s capacity by 30%.
Read MoreFinancing Needs WAPDA Seeks Appraisal Session With PM Ministers
The Water and Power Development Authority (Wapda) has proposed an appraisal session with Prime Minister Shehbaz Sharif in presence of Ministers for Finance, Water Resources and Planning, Development and Special Initiatives
Read MoreBudget To Be Presented on June 9Dar
Finance Minister Ishaq Dar on Thursday announced that the federal budget for fiscal 2024 would be presented on June 9 and insisted that Pakistan would not default on any foreign liability, with or without an IMF programme.
Read MoreGovt Tells IMF It Will Scrap Fuel Subsidy Plan
THE government has told the International Monetary Fund (IMF) it would not implement a fuel subsidy programme as the two sides negotiate a long-delayed $1.1 billion bailout for the country, Bloomberg News reported on Thursday.
Read MoreRs975b Power Subsidies Proposed
The Ministry of Finance has refused to pay for the cost of inefficiency or for clearing arrears of the China-Pakistan Economic Corridor (CPEC) energy projects and has instead proposed subsidies worth over Rs975 billion for the power sector, 37% less than the money demanded.
Read MoreFuel Charges for March 2023: K-Electric to Levy Rs3.9/Unit Extra On Consumers
Karachi residents are set to face a significant financial burden, as the National Electric Power Regulatory Authority (NEPRA) has permitted K-Electric to levy an extra charge of Rs3.9342/unit on consumers in May 2023 for monthly Fuel Charges Adjustments (FCA) for March 2023.
Read More