Tug of War: Govt defends NEPRA verdict, says new KE tariff curbs inefficiency,
Govt once again backs NEPRA’s K-Electric tariff review as landmark reform ensuring fair pricing, consumer protection, and an end to inefficiency-driven subsidies.
Afghan Taliban Order Dams on Kunar River, Raising Fears of New Water Rift with Pakistan
Taliban chief Hibatullah Akhundzada has ordered immediate dam construction on Afghanistan’s Kunar River, a key Indus tributary, sparking alarm in Pakistan over potential water cuts and escalating tensions amid an already volatile border situation.
Pakistan Overhauls State Firms’ Boards to Curb Mismanagement, Spur Efficiency
Pakistan’s Cabinet Committee on State-Owned Enterprises (CCoSOEs), led by Finance Minister Muhammad Aurangzeb, on Friday approved a string of governance reforms and board overhauls across key public entities — part of a broader push to improve management, transparency, and readiness for privatization. The committee greenlit new independent directors for the Jinnah Medical Complex & Research […]
Scientists Discover Tree That ‘Grows’ Gold in Its Leaves
Finnish scientists have discovered that Norway spruce trees can “grow” gold, as bacteria inside their needles transform dissolved gold from the soil into solid nanoparticles—a finding that could revolutionize future gold exploration.
K-Electric Hit With $2.5 Billion Shock as Regulator Slashes Tariff
K-Electric faces a $2.5 billion (Rs700 billion) hit after Nepra slashed tariffs by Rs7.6 per unit, reversing an earlier hike, turning a Rs4 billion profit into Rs85 billion loss, with no consumer relief.
Minister unveils ‘Sea-to-Steel Green Corridor’ plan at Port Qasim
Junaid Anwar Chaudhry launched the $13b “Sea-to-Steel Corridor” at Port Qasim to revive industry, create jobs, and boost exports.
NEPRA slashes K-Electric tariff to Rs32 per unit after review petition
In a major blow to K-Electric’s financial position, the National Electric Power Regulatory Authority (NEPRA) has cut the utility’s multi-year tariff to Rs32 per unit from the earlier determined Rs39.97, following a government petition seeking a review of the regulator’s July decision. The authority, however, upheld its earlier rulings on key issues — rejecting the […]
Aurangzeb pitches reform agenda in Washington, highlights new investment opportunities
Pakistan Seeks Stronger Economic Ties With Saudi Arabia, U.S. Investors Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, has held a series of high-level meetings with global financial and business leaders in Washington, seeking to deepen Pakistan’s economic partnerships with Saudi Arabia, the United States, and other key stakeholders. The meetings, held on the […]
Pakistan Cuts Petrol Price by Rs5.66 per Litre
In a major relief for consumers hit by rising living costs, the government on Wednesday slashed petrol prices by Rs5.66 per litre for the next fortnight, bringing the new rate down to Rs263.02 per litre from Rs268.68. The Finance Division said the cut, effective from October 16, follows recommendations from the Oil and Gas Regulatory […]
UBL to Upgrade All Basic Accounts to Mukammal Current Accounts from Oct. 15
United Bank Limited (UBL) announced that it will convert all Basic Banking Accounts (BBA) into its Mukammal Current Accounts starting Wednesday, offering customers broader banking services without any action required on their part. Existing BBA holders will automatically shift to the Mukammal product, which eliminates minimum balance requirements and initial deposits, while adding perks such […]
