Author: Admin

Islamabad: The Water and Power Development Authority (Wapda) has shared a comprehensive power evacuation plan for the 4,500MW Diamer Basha Dam Project (DBDP)—a strategically vital project valued at around USD 10 billion—with the Ministry of Water Resources, well-informed sources told Business Recorder. According to sources, the plan was prepared and submitted in response to a directive from the Prime Minister’s Office (PMO), following a series of high-level meetings chaired by Prime Minister Shehbaz Sharif to fast-track key national infrastructure projects. Citing the PMO’s instructions, sources said the National Grid Company…

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Karachi: Federal Secretary for Commerce Jawad Paul on Saturday endorsed the need for regionally competitive energy tariffs and more facilitative tax measures for exporters, as government officials and trade bodies reviewed Pakistan’s export performance and discussed strategies to boost outbound trade. According to an official statement, the consultative meeting was aimed at formulating practical measures to enhance exports and strengthen the national economy. Participants shared sector-wise perspectives on key constraints, opportunities for export diversification and pathways to improve competitiveness. The session was hosted by the Federation of Pakistan Chambers of…

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Islamabad: The federal government has approved the appointment of Dr Kabir Ahmed Sidhu as the new Chairman of the Securities and Exchange Commission of Pakistan (SECP) with immediate effect, according to a notification issued by the Finance Division. Dr Sidhu is currently serving as Chairman of the Competition Commission of Pakistan (CCP), where he is widely credited with leading one of the most significant institutional turnarounds in the commission’s history. When he assumed office in August 2023, the CCP was grappling with persistent enforcement challenges and a substantial backlog of…

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Karachi: The Sui Southern Gas Company (SSGC) on Monday said it is actively working to rectify a technical fault that caused a 30 million cubic feet per day (MMCFD) shortfall in gas supply, adding that the deficit is expected to be fully recovered within the next few days. In a statement, the gas utility said that once normal supply levels are restored, gas pressure is expected to stabilise, enabling the resumption of full services to domestic consumers across Sindh and Balochistan. An SSGC spokesperson explained that an unexpected cold spell…

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Islamabad: A high-level committee constituted by the prime minister and led by Minister for Planning, Development and Special Initiatives Ahsan Iqbal has called for urgent structural reforms to improve the ease of doing business and rationalise energy tariffs and trade duties, warning that without decisive action Pakistan risks returning to another International Monetary Fund (IMF) programme. The committee was tasked with formulating a strategy to avoid a fresh IMF loan once the current $8.4 billion IMF arrangement expires at the end of 2027, amid persistent economic weaknesses. Its goal is…

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