Author: Admin

• 1.4 kilometres long Causeway is six lanes – three on each side bridge• Causeway Bridge to benefit Korangi- Landhi industrial areas, commuters, nearby facilities, including Indus Hospital, SIUT, educational institutions KARACHI (Jan 26): Sindh Chief Minister Syed Murad Ali Shah inaugurated the Rs6.1 billion Korangi Causeway bridge and reaffirmed his government’s commitment to enhancing Karachi’s infrastructure, while unveiling comprehensive relief, rehabilitation, and reconstruction initiatives for those affected by the recent Gul Plaza tragedy. Speaking to the media at the inauguration ceremony of the Korangi Causeway Bridge, the chief minister…

Read More

Karachi: Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has expressed profound disappointment over the State Bank of Pakistan’s (SBP) decision to maintain status quo in the key policy rate, keeping it at 10.5%. The apex trade body has termed the decision as counterproductive and strictly disappointing vis-a-vis the industrial revival Pakistan desperately needs at the moment. Atif Ikram Sheikh stated that the business community had categorically demanded a substantive reduction of 3.5% or 350 basis points to bring the policy rate down…

Read More

LAHORE: In the wake of the recent Karachi tragedy, the first meeting of the Punjab Steering Committee formed to strengthen public safety was held on Monday under the chairmanship of Provincial Minister for Energy and Convener Faisal Ayub Khokhar. The meeting focused on a comprehensive review of Lahore’s electricity distribution system, identifying potential safety hazards and discussing measures to ensure a safe and uninterrupted power supply across the city. Key officials in attendance included Commissioner Lahore Maryam Khan, Director General Lahore Development Authority Tahir Farooq, Chief Executive Officer of Lahore…

Read More

LAHORE: As Pakistan’s circular debt in the energy sector continues to mount and policy fragmentation deepens institutional paralysis, the Businessmen Panel (BMP) of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has strongly criticised the government’s handling of the sector, warning that repeated policy missteps and delayed structural reforms are pushing the economy towards prolonged instability. Former FPCCI president and BMP Chairman Mian Anjum Nisar said the government’s renewed push for an Integrated Energy Plan may appear encouraging, but without addressing long-standing policy distortions, it risks becoming yet…

Read More

ISLAMABAD: The Lahore Electric Supply Company (Lesco) has decided to raise its authorised share capital by 300 percent to Rs200 billion from the existing Rs50 billion, sources close to the Lesco Board chairman told Business Recorder. The proposal will be taken up as special business at the company’s Annual General Meeting (AGM) scheduled for February 6, 2026. Shareholders will be asked to approve an increase in authorised capital to accommodate the rising equity of the Government of Pakistan in the utility. Under the proposal, Lesco’s authorised capital will be divided…

Read More