ISLAMABAD: Iranian Ambassador to Pakistan Reza Amiri Moghadam said on Friday that Iran could provide cheap gas, electricity and oil to Pakistan. The Iranian ambassador said this in an informal chat during a reception he hosted for the editors of Rawalpindi and Islamabad newspapers. He said that Iran floated a suggestion to start direct flights to the capitals of both…
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BEIJING:Pakistan’s prominent service-oriented companies will participate in the 2023 China International Fair for Trade in Services (CIFTIS), scheduled to take place in Beijing from September 2 to 6, to showcase their accomplishments. “For the first time, Pakistan’s embassy in Beijing have invited the National Logistics Cell (NLC), Pakistan International Airlines (PIA) and National Bank of Pakistan (NBP) to set up…
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People in different parts of the country on Saturday expressed despair and anger at unprecedentedly high electricity bills with some threatening demonstrations and even a civil disobedience campaign if the extra taxes weren’t deducted. The severe reaction led caretaker Prime Minister Anwaarul Haq Kakar to call an emergency meeting at the Prime Minister’s House tomorrow (Sunday). “In the meeting, a…
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In the wake of protests, Islamabad Electric Supply Company (IESCO) has sought deployment of police force at its different offices to avoid “unpleasant” situations. In a letter to Rawalpindi’s city police officer available with Business Recorder, IESCO said that consumers are visiting different offices of IESCO in groups and mobs to protest against electricity issues. “The employees of IESCO are feeling…
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There might be a big rise in the cost of petrol and diesel in Pakistan due to the rupee losing its value against the US dollar. The price of petrol could go up by over Rs13 per litre in the next two weeks, and this might happen by August 31.The dollar’s value has gone up by Rs12.08 from August 16…
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KARACHI: The industrialists of the North Karachi Industrial Area, which is the largest industrial area in Sindh in terms of SMEs and the second-largest after Sialkot, have vehemently protested against the recent hike in electricity rates, demanding a reversal of the recent electricity rate hike, warned that if their demand is not met, they will initiate full-fledged protests, also shut…
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18 July 2023, Ningbo, China: Solis Inverters (the company), a global powerhouse in the solar energy industry, has been acknowledged as the world’s no.3 solar by shipments, according to Wood Mackenzie. This outstanding recognition reaffirms Solis’ dedication to technological innovation, product quality, and commitment to a sustainable future. In 2022, Solis experienced an exceptional year of growth, marked by the…
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KARACHI: In an “updated disclosure” following the Aug 21 order by the Grand Court of the Cayman Islands, K-Electric Ltd said on Thursday there’s been no change in the status of a case currently in the Sindh High Court (SHC) against the Infrastructure and Growth Capital Fund (IGCF) SPV-21 Ltd. The latest regulatory filing by the power utility follows the…
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LESCO wants to recover the highest amount of Rs28.906bn followed by Multan Electric Supply Company ISLAMABAD: Consumers will pay capacity charges of over Rs124 billion for the surplus power generation during the last quarter of fiscal year 2022-23 in the coming months. The XWDISCOs are seeking approval of the regulator for the recovery of capacity charges as well as others…
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LAHORE: The Income Tax department is issuing notices to the power distribution companies (Discos) for not deducting withholding tax against the payment of Use of System Charges (UoSC) to the National Transmission & Despatch Company (NTDC), said sources. The Use of System Charges means any charge (fixed or variable) payable by a Disco, or any other use of the transmission…
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