Author: Admin

Karachi Industrialists Propose Solar-Powered Charity Model to Support Low-Income Consumers

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Solar-Panel

ISLAMABAD: In a bid to align rooftop solar expansion with social welfare, Karachi-based industrialists and financial experts have proposed a not-for-profit mechanism titled the Social Net-Metering Unit Donation Framework (SNUDA), aimed at channeling surplus solar power to poor and deserving electricity consumers. Originally conceptualised by business leader and former Karachi Stock Exchange Managing Director Moin M. Fudda, the proposal is now being formally advanced by the Korangi Association of Trade and Industry (Kati). The framework has been submitted to the National Electric Power Regulatory Authority (Nepra), which is expected to…

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FPCCI Slams Proposed Quarterly Power Tariff Hike, Calls QTA Policy-Flawed

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FPPCI-Project

ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has strongly opposed the proposed positive quarterly tariff adjustment (QTA) sought by power distribution companies (Discos), terming it unjustified and based on flawed policy assumptions rather than genuine cost increases. In a letter to Federal Minister for Power Sardar Awais Leghari and the National Electric Power Regulatory Authority (Nepra), FPCCI Research Team Head Rehan Javed said Discos were seeking a net quarterly adjustment of Rs10.83 billion for the second quarter of FY26, which would be socialised across national electricity…

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CM Sindh, WB President align on jobs-first growth, water security, human development

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LARKANA (February 4th, 2026): World Bank Group President Ajay Banga, Sindh Chief Minister Syed Murad Ali Shah, and Mrs Ajay Banga pose for a photograph with flood-affected women displaying land titles for their newly reconstructed houses in Bahwal Jat village.

KARACHI (Feb 4): Sindh Chief Minister Syed Murad Ali Shah held an in-depth meeting with World Bank Group President Mr Ajay to align Sindh’s development priorities with the World Bank’s jobs-first global strategy and Pakistan’s 10-year Country Partnership Framework (CPF 2026–2035).Welcoming the World Bank delegation, the Chief Minister acknowledged the Bank’s continued support in achieving Sindh Vision 2030, noting that active World Bank–funded projects in Sindh currently total $ 3.86 billion across multiple sectors. He emphasised that the CPF is fully aligned with Sindh’s long-term development roadmap.The meeting was attended…

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Wafi Energy Pakistan conducts free eye camp for Retailers in collaboration with LRBT

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collaboration with LRBT

Karachi, Pakistan, February 04, 2026 – Wafi Energy Pakistan Limited (WEPL) organized an eye camp for its retailers in partnership with Layton Rahmatulla Benevolent Trust (LRBT), providing free eye screening to help ensure healthy eyesight among the retailer community.As part of its ongoing community outreach initiatives, WEPL continues to collaborate with trusted healthcare partners like LRBT to deliver accessible medical services to communities where it operates.Commenting on the initiative, Zubair Shaikh, Chief Executive Officer of Wafi Energy Pakistan Limited, said: “Wafi is committed to being a responsible neighbour, contributing to…

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Petroleum Product Sales Rise 10pc in January

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petroleum-group

KARACHI: Sales of petroleum products climbed to 1.52 million tonnes in January 2026, marking a 10 per cent year-on-year (YoY) increase and a 12 per cent rise compared with December, according to industry data. Analysts attributed the annual growth to signs of economic recovery, easing inflation and improved enforcement against fuel smuggling. The month-on-month (MoM) increase was largely driven by lower petrol and diesel prices and a low base effect following a nationwide strike in December 2025 that disrupted sales for nearly 10 days. During the first seven months of…

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