ISLAMABAD: K-Electric Ltd., the power utility serving Pakistan’s largest city, said a regulatory decision will slash its average tariff by Rs7.6 per kilowatt-hour, creating challenges for the company and its customers amid efforts to stabilise the nation’s strained electricity sector.
Top Stories
Pakistan’s current account swings to surplus, but FDI drops sharply
KARACHI: Pakistan’s current account swung to a surplus in September for the first time this fiscal year, offering a reprieve to policymakers grappling with dollar shortages, even as foreign direct investment plunged 34% in the first quarter amid waning interest from key partners like China.
Naqvi insists on Dubai ceremony to end Asia Cup trophy deadlock
KARACHI: The deadlock over the Asia Cup cricket trophy deepened on Tuesday as Asian Cricket Council (ACC) head Mohsin Naqvi said a formal ceremony would be held in Dubai next month to hand it over to India, after the winners refused to collect it at last month’s closing ceremony amid hostilities with Pakistan.
Govt sets Rs3,500 support price, frees wheat movement across provinces
Islamabad: The government approved a wheat policy for the 2025-26 season that lifts restrictions on inter-provincial shipments of the staple crop, aiming to ensure nationwide availability amid criticism from some regions over Punjab’s efforts to control outflows.
Pakistan launches first hyperspectral satellite from China to boost climate, farm monitoring
ISLAMABAD: Pakistan achieved a significant milestone in its space program on Sunday with the successful launch of its first hyperspectral satellite from a launch center in China, a development that officials said would enhance the country’s capabilities in agriculture, environmental monitoring and disaster response amid growing climate challenges.
Pakistan, Afghanistan strike ceasefire deal after Doha talks
ISLAMABAD: Pakistan and Afghanistan have reached an agreement on an immediate ceasefire after high-level talks in Doha, pledging to respect each other’s sovereignty and to convene again later this month to address lingering security issues, Pakistan’s defence minister said on Sunday.
Pakistan says IMF reforms align with national priorities, $1.2bn tranche due Dec. 31
KARACHI: Finance Minister Muhammad Aurangzeb pushed back against suggestions that the International Monetary Fund is dictating terms at odds with the country’s priorities, saying all reforms to date have bolstered the economy while serving national goals.
Pakistan top court tightens code of conduct for judges
ISLAMABAD: The Supreme Judicial Council on Saturday approved sweeping changes to the code of conduct governing judges on the country’s superior courts, imposing strict new limits on their public statements, media engagements and social activities in an effort to shield the judiciary from political entanglements and external pressures.
PPP grants govt more time to address flood aid, local reforms
ISLAMABAD: The Pakistan Peoples Party, a key ally in the ruling coalition, said on Saturday that it would give the government led by Prime Minister Shehbaz Sharif additional time to address a series of demands, including the use of a federal welfare program to deliver aid to flood victims, as tensions between the two parties showed signs of easing after weeks of public acrimony.
Pakistan partially reopens Chaman border for refugee return; trade remains frozen
CHAMAN: Pakistan has partially reopened a volatile section of its border with Afghanistan to allow the repatriation of undocumented refugees, even as clashes between the two sides have shuttered crossings for trade and commerce, stranding hundreds of trucks and inflicting heavy economic losses on local businesses.