Balochistan Awami Party Senator Anwaarul Haq Kakar has been chosen as the interim prime minister of Pakistan, the Prime Minister’s Office (PMO) said on Saturday. The much-anticipated announcement comes after Prime Minister Shehbaz Sharif and outgoing Opposition Leader in the National Assembly (NA) Raja Riaz reached a consensus over Kakar’s name for the coveted post in a meeting today. According…
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ISLAMABAD: Pakistan has shared with the International Monetary Fund (IMF) a plan for containing gas sector circular debt (CD) estimated to have risen to Rs1.6 trillion. “The proposed plan is a mix of non-cash book adjustments and tariff rationalisation that could be implemented only after the concurrence of the IMF”, said a government official, adding that the plan was subject…
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Waseem Mukhtar has also served as Additional Secretary Power Division ISLAMABAD: Waseem Mukhtar, Special Secretary Cabinet Division, has been selected as the Nepra chairman for four years. Waseem Mukhtar, who also served as Additional Secretary Power Division, played an important role in coping with the power sector challenges, top sources in the PM Secretariat and Cabinet Division told The News.…
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Paris: The International Energy Agency said Friday it had revised upwards its forecast for global oil demand growth in 2023 as demand is “scaling record highs”. World oil demand already hit a record 103 million barrels per day in June and August and “could see yet another peak”, the Paris-based IEA said in its monthly report. “For 2023 as a…
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KARACHI: K-Electric, the sole power distributor in the port city of Karachi, expects to keep electricity tariffs stable for consumers as it plans to increase the share of renewable energy in its generation mix, company officials said on Friday. The company plans to invest Rs484 billion over the next seven years to add 30 percent renewable energy in its overall…
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