President Karachi Chamber of Commerce & Industry (KCCI) Mohammed Tariq Yousuf, while referring to NEPRA’s Public Hearing held on Wednesday, rejected the Regulator’s decision to give go ahead to K-Electric for raising Fuel Cost Adjustment (FCA) by Rs1.495.
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ISLAMABAD: Pakistan has forcefully dismissed the notion being floated in social media that Russian crude oil was refined in an Indian refinery before being sent to Karachi Port. Indian media is repeatedly claiming that the Russian oil was first processed in an Indian refinery and then dispatched for consumption in Pakistan. According to an Indian news outlet, it was the…
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Islamabad/New Delhi: Pakistan’s prime minister Shehbaz Sharif has vowed to turn round the country’s crisis-hit economy as he faces hotly contested elections this year, after the government secured a crucial $3 billion IMF rescue financing deal to avert the threat of default. Pakistan and the IMF on Friday reached a preliminary agreement for a nine-month, short-term loan package after months…
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Three solar-powered rest areas for delivery riders have been launched in Abu Dhabi to offer crucial respite from the intense summer heat. The emirate’s Joint Committee for Traffic Safety has joined forces with the Ministry of Human Resources and Emiratisation and food delivery company Talabat to provide shelter for workers while supporting the county’s green goals, under the Summer Together campaign. The shelters –…
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ISLAMABAD: Pakistani’s maximum benefit on Russian crude would stand at $7-8 million/100,000 tonnes compared to Middle Eastern oil, translating to Rs1.30/litre discount on petrol for consumers, an Energy Ministry official told The News. The discount could further increase to Rs1.60/litre petrol for the end consumers, in case National Refinery Limited, Pakistan Refinery Limited, and PARCO refined URAL, the official added.…
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ISLAMABAD: The power sector circular debt has reached a staggering amount of Rs2.646 trillion by the end of May 2023, registering an increase of Rs394 billion from July 2022 to May 2023, according to a report by the Ministry of Energy. The mounting debt has become a major concern for the government and power sector policymakers, as it indicates monthly…
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