By Staff Reporter
ISLAMABAD: Pakistan paid Rs142 billion to more than 100 independent power producers to settle some overdue bills and ease the burden of the power sector’s circular debt, the energy ministry said on Wednesday.
Top Stories
Petition seeks to overturn 29 civilian convictions by military courts under ex-PM Khan
By Staff Reporter
ISLAMABAD: A lawyer and retired army colonel filed a petition in Pakistan’s Supreme Court on Tuesday, seeking to annul the military trials, convictions, and sentences of 29 civilians during the tenure of former Prime Minister Imran Khan.
PM Sharif calls for protests over Holy Quran burning in Sweden
By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif called for nationwide protests on Friday to denounce the burning of a copy of the Holy Quran by a man in Sweden and said he would summon a joint session of parliament to condemn the incident.
Pakistan faces power crisis as forex crunch hits fuel imports
By Staff Reporter
ISLAMABAD: Pakistan is struggling to keep the lights on as a foreign-exchange crunch limits its ability to import fuel for power generation, a senior official said.
Electricity consumers to pay Rs1.25 more per unit from July to September
By Staff Reporter
ISLAMABAD: Power regulator NEPRA on Tuesday approved a quarterly tariff hike of Rs46.536 billion for the third quarter of the fiscal year 2022-23, to be recovered from most electricity consumers from July to September 2023.
Sharif, Modi reignite old rifts at SCO summit
By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif and his Indian counterpart Narendra Modi traded jibes on cross-border militancy and rights of minorities on Tuesday as they met virtually at a regional summit.
SBP targets 5-7 percent inflation in two years
By Staff Reporter
KARACHI: Pakistan’s central bank chief said on Tuesday he was confident of bringing inflation down to a medium-term target of 5-7 percent in the next two years, despite the current high rate of 29.4 percent.
Gilgit-Baltistan chief minister disqualified for fake law degree
By Staff Reporter
ISLAMABAD: A court in Pakistan’s Gilgit-Baltistan disqualified chief minister on Tuesday for holding a fake law degree, a move that could trigger a political crisis in the Himalayan region, lawyers said.
Rupee surges on IMF support
By Staff Reporter
KARACHI: The rupee surged 5.2 percent against the dollar on Tuesday, after the country clinched a $3 billion loan deal with the International Monetary Fund (IMF) over the weekend to shore up its foreign exchange reserves and repay its debts.
A looming disaster
By News Desk
The illicit cigarette market has experienced a staggering surge in growth during the last fiscal year, raising concerns that it may soon surpass the legitimate industry in the current fiscal year of 2023-24.