Turkish, Chinese firms join local giants in race for Fesco sale

ISLAMABAD: Pakistan’s privatization drive for its state-owned power distribution companies cleared its first major hurdle, with the government reporting a dozen expressions of interest from investors seeking to take control of Faisalabad Electric Supply Co., one of three regional utilities up for sale in the country’s most ambitious power-sector overhaul in decades.

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Nepra approves 75-paisa-a-unit tariff increase for August bills as fuel costs rise

ISLAMABAD: Pakistan’s power regulator signed off on an additional 9.8 billion-rupee charge for electricity users in August, after trimming a bigger request from the country’s power purchasing agency and setting up a fresh round of scrutiny over how utilities manage output during the country’s fastest-growing hours for rooftop solar.

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Saudi Arabia, Pakistan and Turkey sign mutual defence pact as Gulf reels from Iran conflict

ISLAMABAD: Saudi Arabia, Pakistan and Turkey signed a landmark joint defence agreement in Mecca on Friday, binding together three of the Muslim world’s most powerful states as they seek to shore up their defences against a regional conflict that has sent missiles raining down on Gulf oil producers.

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Pakistan gives state farewell to Broad Peak victims as repatriation begins

GILGIT: Pakistani military helicopters on Thursday airlifted the bodies of five more climbers off the slopes of Broad Peak, nearly a week and a half after an avalanche tore through a ten-member international expedition led by the celebrated mountaineer Nirmal Purja, in what the Alpine Club of Pakistan has called one of the country’s deadliest mountaineering disasters.

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