Author: Admin

FPCCI Unanimously Approves One-Year Extension for Office Bearers to Align Tenures with Trade Bodies

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FPCCI-Project

KARACHI: In a landmark move, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has unanimously approved a one-year extension in the tenure of its current office bearers to align with the election cycles of other trade bodies across Pakistan. The resolution was passed during a joint session of FPCCI’s *Executive Committee and Extraordinary General Body Meeting, chaired by *Atif Ikram Sheikh, President FPCCI, ECO-CCI, and Vice President of CACCI. The hybrid meeting was held simultaneously at FPCCI’s Capital Office, Head Office Karachi, and Regional Offices in Lahore, Peshawar,…

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FY26 Budget May Allocate Rs1.079 Trillion Power Subsidy Amid Fiscal Constraints

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New-Budget1

ISLAMABAD: The federal government is expected to allocate Rs1.079 trillion in power sector subsidies for the fiscal year *2025-26, slightly down from the *Rs1.190 trillion earmarked for FY 2024-25, according to sources in the Finance Division. This proposed allocation was finalized during recent discussions between Pakistan’s economic team and the International Monetary Fund (IMF) Mission as part of ongoing economic reforms under the Extended Fund Facility (EFF) 2024-27. The Finance Division has issued revised *Indicative Budget Ceilings (IDCs), earmarking *Rs636.136 billion for recurrent power sector subsidies in FY26—an increase from…

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Minister Wattoo Inaugurates Mohmand Dam Phase-II, Declares Water Blockade an “Act of War”

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Mohmand-Dam

PESHAWAR: Federal Minister for Water Resources Muhammad Moin Wattoo on Sunday inaugurated *Phase-II of the Mohmand Dam Project, issuing a strong warning against any attempt to disrupt Pakistan’s water supply, calling such actions an *”act of war.”** Speaking at the inauguration ceremony, Wattoo stressed the strategic and existential importance of water for Pakistan, warning that any violation of the country’s water rights will provoke a firm response. “No one has the right to take our water. Blocking it is equivalent to waging war against us,” he stated. Referencing the *Indus…

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Petroleum Dealers Decry Amendments to Petroleum Act, Warn of Nationwide Shutdown

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Petrol-Diesel

KARACHI: The Pakistan Petroleum Dealers Association (PPDA) has strongly opposed the recent amendments to the Petroleum Act, 1934, citing concerns over unchecked administrative powers, the rise in smuggling of petroleum products, and the proliferation of illegal petrol stations. Speaking at a press conference at the Karachi Press Club on Saturday, *PPDA Chairman Abdul Sami Khan, alongside senior members, criticized the amendments for granting *unrestricted authority to assistant and deputy commissioners to inspect and seal petrol pumps — a move he warned could foster corruption and disrupt the operational freedom of…

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Pakistan Allocates 2,000MW for Bitcoin Mining and AI Data Centres in Landmark Digital Push

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New-Bitcoin

In a bold step towards digital transformation, the Government of Pakistan has allocated 2,000 megawatts (MW) of power to support Bitcoin mining and AI data centres, marking a major shift in energy utilization and positioning the country as a future hub for global digital infrastructure. “Pakistan is uniquely positioned — both geographically and economically — to become a global hub for data centres,” said a statement issued by the Pakistan Cloud Computing (PCC) initiative. Describing Pakistan as a digital bridge between Asia, Europe, and the Middle East, the statement highlighted…

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