Fawad Yousafzai

ISLAMABAD - Competition Commission of Pakistan (CCP) has granted approval for the acquisition of 50 percent shareholding in M/s. Total Parco

On monthly basis, bilateral trade between Afghanistan and Pakistan increased by 19pc to $231m in October from September's $194m.

ISLAMABAD - The Pakistani government Tuesday desired that projects funded in future by the Asian Development Bank should have crystal clear Key Performance Indicators (KPIs) as some of the projects executed in the past with borrowed money failed to produce any tangible outcome.

ISLAMABAD - Ex-Wapda Distribution Companies (DISCOs) have incurred losses of Rs239 billion on account of transmission and distribution losses during the first three months of the fiscal year 2024-25.

ISLAMABAD - National Electric Power Regulatory Authority Wednesday dismissed the government stance that solar technology alone could considerably dip electricity demand and insisted on addressing broader governance and operational issues within Discos.

Islamabad - Federal Planning, Development, and Special Initiatives Minister Ahsan Iqbal on Thursday strongly criticised the Pakistan Civil Aviation

ISLAMABAD - Azad Jammu and Kashmir, Gilgit Baltistan and Army have claimed quality, taste, and texture issues with imported wheat and requested the Federal Government for the provision of 100 per cent domestic wheat during the ongoing food year 2024-25.

ISLAMABAD - The boards of directors of Karachi ports are not independent and need to seek permission from the federal government, which affects their performance. This was revealed in a briefing to a high-level consultative meeting on enhancing the efficiency of Karachi ports by improving hinterland connectivity. The meeting was chaired by Federal Minister for Planning, Development & Special Initiatives, Ahsan Iqbal.

ISLAMABAD - The federal government has sought the nod of the National Electric Power Regulatory Authority (NEPRA) for the winter demand initiative (Bijli Sahulat Package) aimed at providing a relief of up to Rs26 per unit, for various categories of consumers, for the upcoming three winter months. The initiative, outlined in a summary submitted by the Ministry of Energy (Power Division) to NEPRA, aims to address rising electricity consumption during winter months. Under the proposed plan, a tariff of Rs26.07 per kilowatt-hour will be charged on incremental consumption that exceeds the benchmark levels for corresponding months. This measure is intended to encourage efficient energy use while remaining subsidy neutral.

ISLAMABAD - It is anticipated that national grid demand will decline by more than 10 percent as more people are poised to switch to solar owing to