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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LAHORE: Descon, a leading engineering and construction company in Pakistan, and the International Finance Corporation (IFC) have signed a memorandum of understanding (MoU) to address the significant postharvest losses of wheat, rice, and maize in the country. The MoU, signed under Descon’s Agri Business Line, aims to reduce the annual postharvest losses of essential grains in Pakistan, which amount to…
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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) granted approval on Friday for the state-run power distribution companies (Discos) to levy an extra Rs 4.567 per unit on the bills of power customers for February 2024. The additional charges were sanctioned by the regulator in light of fuel charges adjustment (FCA) of December 2023. This decision is expected to impose…
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ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) acknowledged that amid the historically highest inflation in the country, the extraordinary increase in the price of electricity has badly disrupted life of an ordinary man. The Power Regulator in its State of Industry (SIR) 2023 report explained the reasons for the power sector’s dismal performance during the year, starting from government’s action…
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Voters age 18-35 make up 45% of total electorate of nearly 130m Streets are festooned with fluttering party flags, posters, banners and life-size portraits of candidates across Karachi in the run-up to the February 8 crucial national vote to elect a new government for a five-year term. Through social media and election rallies, political parties are busy in last-ditch efforts…
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