A closer look at the flawed governance system impacting consumers as electricity prices soarIn a recent development, Nepra, the regulatory authority for the power sector in Pakistan, issued a notification announcing an increase in electricity prices to 4.56 rupees per unit. This move sheds light on the inadequacies of our inefficient and corrupt governance system within the power sector.Consumers, who…
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ISLAMABAD: An inter-ministerial committee has directed Competition Commission of Pakistan (CCP) to undertake competition studies on LNG, financial and power sectors aimed at strengthening the public investment management system, well informed sources told Business Recorder. The decision was taken at a follow up meeting presided over by Additional Secretary Finance (Corporate Finance) convened to discuss Action Plan recommended by IMF’s PIMA…
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Tens of millions of Pakistani voters will cast their ballots in the 12th parliamentary elections since 1970 on Thursday in a grand test not just for the country’s frail democracy but also for its flagging economy. Billed to be the most contentious elections in the nation’s history, the entire exercise is scarred by the establishment’s efforts to decimate one of…
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WASHINGTON: The evolving political landscape in Pakistan ahead of its third consecutive parliamentary election on Feb 8 presents a complex web of challenges, US think tanks argue in their election reports. According to them, the confluence of political repression, militant threats, and military influence cast a shadow over the democratic process, leaving questions about the fairness of the elections and…
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PAKISTAN goes to the polls this week in an exceedingly fraught atmosphere marked by uncertainty about the future. In the country’s 12th general election a record number of 128.5 million voters will decide who forms the next government. Punjab, of course, has more voters — 73.2m — than those in the other three provinces put together, which makes it the…
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KARACHI (Feb 4): Caretaker Sindh Chief Minister Justice (retd) Maqbool During a rain emergency meeting at CM House, Baqar decided to issue displeasure letters to the Deputy Inspector General of Police and Director General of Provincial Disaster Management Authority (PDMA) for failing to respond in time. As a result, the public suffered losses. The Chief Minister has put all the…
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Heavy rain lashed several parts of Karachi for the second consecutive day on Sunday. Gulistan-i-Jauhar, Gulshan-i-Iqbal, DHA, Clifton, II Chundrigar Road, Saddar, and Lyari were among the localities where moderate to heavy rainfall coupled with cold winds were reported. According to the Karachi Traffic Police, rainwater had accumulated on University Road, Ziauddin Road, Haqqani Chowk, Denso Hall and Lighthouse. It added…
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Karachi Caretaker Federal Finance Minister, Dr Shamshad Akhter, visited the head office of the Federation of Pakistan Chamber of Commerce & Industry (FPCCI) to brief top leaders of Karachi’s business community on the measures taken by the interim government to stabilize the economy, control exchange rate volatility and restructure FBR.FPCCI President, Atif Ikram Sheikh, told the briefing that the business…
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Karachi: In a riveting turn of events, a central figure in the solar panel import scandal, defrauding taxes amounting to a staggering 73 billion rupees, was apprehended in a dramatic fashion at the Customs Court in Karachi. The suspect, identified as Rabb Nawaz, orchestrated a daring evasion operation, hiding within the court premises for several hours before finally being captured.Despite…
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London, UK – January, 2024: In a significant development for the global solar industry, Ginlong (Solis) proudly announces its notable position in the 2023 BloombergNEF (BNEF) Inverter Bankability Survey. The survey, engaging diverse industry stakeholders such as banks, solar engineering contractors, and technical advisers, sheds light on the solar inverter bankability landscape. Ginlong (Solis) stands recognized for its bankability, a…
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