KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh, while referring to recent relief of Rs14 per unit announced for Punjab province only, urged the government to give a similar relief to Sindh also as the public and business community here are also going through the toughest time of their lives due to unbearably high and extremely…
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ISLAMABAD: The government is preparing to redefine electricity load-shedding by amending the Nepra Act and Performance Standards, aiming to legalize revenue-based load-shedding across the country under the guise of Aggregate Technical and Commercial (AT&C) losses. This move, long sought by the Power Division, risks depriving the poorest citizens of their fundamental right to electricity. The Power Division has cited increasing…
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Dr. Gohar Ejaz, former caretaker commerce minister, has expressed deep concerns over the sharp increase in electricity tariffs, questioning the significant disparity between the production cost and the charges billed to consumers. In a recent tweet, Dr. Ejaz revealed that the production cost of electricity in July was only Rs. 9.03 per unit, yet consumers are being charged rates as…
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The Punjab government’s recent decision to provide a Rs. 14 per unit subsidy on electricity bills for consumers using 201 to 500 units per month has sparked concerns about its sustainability and potential scrutiny from the International Monetary Fund (IMF). This relief measure, amounting to Rs. 45 billion, is intended to ease the financial burden on consumers during the peak…
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ISLAMABAD: Prime Minister Shehbaz Sharif on Sunday issued strict directives to combat corruption within the power sector, particularly targeting dishonest practices in distribution companies (Discos). During a high-level meeting to review the power ministry’s performance, the Prime Minister reaffirmed his government’s commitment to curbing electricity theft, reducing line losses, and enhancing the power distribution system nationwide. Highlighting recent efforts to…
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TOKYO, Aug 19 (Reuters) – Oil prices eased in early Asian trading on Monday as fears of weaker demand in top oil importer China weighed on market sentiment while investors focus on the progress of ceasefire talks in the Middle East, which could reduce supply risks. Brent crude futures dropped 13 cents, or 0.2%, to $79.55 per barrel by 0032 GMT. U.S.…
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