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Author: Admin

Easypaisa Bank Becomes Pakistan’s First Licensed Digital Retail Bank

Admin
New-Easypaisa

KARACHI: The State Bank of Pakistan (SBP) has granted the country’s first digital retail bank licence to Easypaisa Bank, formerly Telenor Microfinance Bank Ltd, allowing it to commence commercial operations. At a ceremony held at the SBP, Governor Jameel Ahmad awarded the licence, highlighting the bank’s potential to drive financial innovation, expand financial inclusion, and provide affordable digital banking services.…

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Illegal LPG Transfer Triggers Deadly Explosion in Multan

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New-LPG1

MULTAN: A tragic LPG fire and explosion near the Industrial Estate in Multan has claimed multiple lives and caused extensive property damage. The incident was triggered by the illegal transfer of LPG from a bowser to cylinders at an unauthorized facility, where CO₂ was also being mixed with LPG. According to preliminary findings, prolonged LPG leakage led to the accumulation…

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Bilawal underlined need for more private investment in Sindh’s solar, wind energy sectors

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Bilawal-Bhutto

Pakistan Peoples Party Chairman, Bilawal Bhutto, while highlighting Sindh’s unmatching potential in the energy sector has underlined the need for increased private investment in Sindh’s solar and wind clean power sectors.Criticizing the determination of electricity tariffs in Islamabad without consulting the business community or the provincial government, he called it a major issue, adding, “It is you and I who…

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Govt Plans Cheaper Industrial Power, Tax Relief for Salaried Class Amid Security Deposit Hike

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Sale-Taxes

ISLAMABAD: The government has signaled relief for industrial electricity consumers and the salaried class, even as state-owned power distribution companies seek a massive 400% hike in security deposits from consumers. Speaking at a Pakistan Business Council event, Finance Minister Muhammad Aurangzeb acknowledged the excessive tax burden on salaried individuals and pledged to simplify the tax filing system. However, he remained…

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US natural gas prices drop

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natural gas prices

NEW YORK: US natural gas futures fell about 7% on Monday on forecasts for much warmer-than-normal weather over the next two weeks than previously expected that should keep heating demand low. Front-month gas futures for February delivery on the New York Mercantile Exchange fell 26 cents, or 6.5%, to $3.767 per million British thermal units (mmBtu) at 8:45 a.m EST…

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Oil prices hover near two-week low, Libya supply disruption offers support

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oil price

Oil prices edged higher but remained near a two-week low on Tuesday, as weak economic data from China and rising temperatures elsewhere dampened demand prospects. Supporting prices was a disruption of oil loading operations in Libya. Brent crude oil futures were up 55 cents, or 0.70%, to $77.63 per barrel at 1236 GMT. U.S. West Texas Intermediate crude futures were…

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Saudi, UAE, Iraq, Libya energy ministers meet after Trump OPEC comments

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Oil prices

DUBAI: Saudi Arabia’s energy minister met his counterparts from the United Arab Emirates (UAE), Iraq and Libya on Monday following U.S. President Donald Trump’s call for lower oil prices and ahead of a meeting next week of OPEC+ oil-producing countries. Saudi Energy Minister Prince Abdulaziz bin Salman held talks with Iraq’s Hayan Abdel-Ghani and Libya’s Khalifa Abdulsadek in Riyadh, the…

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Government to Auction Surplus Electricity, Says Minister Awais Leghari

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New-Project28

Islamabad, 28th January 2025- Minister for Power Sardar Awais Leghari, addressing an event in Islamabad, announced the government’s plan to auction surplus electricity in the country. This surplus electricity will be provided to the industries. This initiative aims to stimulate industrial growth and create new employment opportunities across Pakistan. He emphasized that surplus electricity would be made available competitively to…

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EV Sector Experts Stress Need for Infrastructure Development and Policy Coherence

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Electric-Vehicle

ISLAMABAD: Experts at the EV Summit 2025, organized by the Sustainable Development Policy Institute (SDPI), have called for the urgent development of electric vehicle (EV) infrastructure, including nationwide charging stations and battery availability, to facilitate consumer adoption. Participants highlighted the government’s introduction of a Rs39.7 per unit EV charging tariff with a 40% exemption, but emphasized the need for further…

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Balochistan Seeks Federal Nod for KE’s 150 MW Renewable Energy Projects

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K-Electric-3

ISLAMABAD – The Government of Balochistan has urged the federal authorities to expedite the approval process for K-Electric’s (KE) 150 MW renewable energy projects, which are critical to addressing the province’s growing power needs, sources told Business Recorder. KE’s renewable portfolio includes five projects totaling 640 MW, approved by NEPRA in early 2024, with the flagship Winder and Bela solar…

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