Author: Admin

FBR Exposes Rs106 Billion Solar Panel Import Scam Involving Fake Companies

Admin
FBR-Tex

The Federal Board of Revenue’s (FBR) Directorate of Customs Post Clearance Audit South has uncovered a staggering Rs106 billion money laundering scheme disguised as solar panel imports, Express News reported. The investigation revealed the involvement of seven fake companies: Messrs Sky Linkers Trading Company, PeshawarMessrs Sky Linkers Business Chain Private Limited, PeshawarMessrs Bright Star Business Solution Private Limited, PeshawarMessrs Moonlight SMC Private Limited, PeshawarMessrs Pak Electronics, LahoreMessrs Solar Site (Private) Limited, LahoreMessrs Royal Zone (Private) LimitedLed by Rab Nawaz and Ahmed Nawaz, the network used these companies to conduct large-scale…

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Speakers term sustainable, affordable energy critical for country’s development

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Hydro-conf

Speakers at day long International Hydropower Conference while terming sustainable energy critical for development of any country on Thursday stressed the need for harnessing the untapped hydel potential to meet Pakistan’s future growing energy demands. Islamabad: The 4th International Hydropower Conference 2025, hosted by Energy Update in collaboration with the Private Power Infrastructure Board (PPIB) and the International Hydropower Association, brought together industry leaders, policymakers, and global experts to discuss hydropower’s transformative role in shaping a sustainable energy future for Pakistan.The speakers highlighted various challenges, including the significant financing and…

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NTDC Proposes Working Group to Recover Rs 54.4 Billion from Power Sector Entities

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NTDC-Power

ISLAMABAD: The National Transmission and Despatch Company (NTDC) has proposed forming a working group to tackle its financial difficulties, with Rs 54.403 billion locked in receivables from various power sector entities. In a letter to the Secretary of Power, Dr. Fiaz Ahmad Chaudhry, NTDC Board Chairman highlighted that these long-standing “legacy balances” remain unresolved despite persistent follow-ups. The breakdown of the receivables includes Rs 24.972 billion due to alleged Energy Market Operator (EMO) violations, Rs 5.713 billion in transmission and transformation losses, Rs 4.577 billion for auxiliary consumption, and Rs…

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Nepra Approves Rs 0.49 per Unit Relief in October FCA for KE Customers

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nepra

KARACHI: The National Electric Power Regulatory Authority (Nepra) has approved a relief of Rs 0.492 per kilowatt-hour (kWh) in K-Electric’s Fuel Charges Adjustment (FCA) for October 2024. This adjustment will be reflected in consumer bills for January 2025. Fuel charge adjustments account for variations in global fuel prices and changes in the energy generation mix. Utilities pass these costs to consumers after Nepra’s review and approval. When global fuel prices drop, customers benefit from negative adjustments in their bills. According to Nepra’s notification, the FCA relief will apply to all…

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