Govt fails to rationalise tariff structure despite tall claims

ISLAMABAD: Despite making tall claims about 'tariff structure rationalisation after due consultations with stakeholders', the commerce ministry, industries & production ministry and...

Covid-19 global recession worst since World War II: WB

Pakistan’s GDP expected to contract 2.6pc for FY20, 0.2pc for FY21

Omar Ayub irked over fuel shortage, forms body to identify ‘black marketers’

--Minister claims some elements creating 'artificial shortage of fuel' only to maximise their profits --Orders cancellation of OMCs' licences if anyone found negligent ISLAMABAD:...

‘Petrol stocks continuously being replenished by OMCs’

--OCAC says 50pc growth in sales post-corona lockdown had caused depletion of stocks --Requests consumers not to resort to 'excessive buying' KARACHI: On behalf...

Karachi to receive additional 1,400MW electricity by 2023: Asad Umar

ISLAMABAD: Planning, Development and Special Initiatives Minister Asad Umar said on Monday that Karachi city would receive additional 1,400MW electricity by 2023. He...

Government to finalise budget on June 8

The government is set to finalise the outlay for the federal budget 2020-21 on June 8 in a meeting of the National...

CDWP cuts ML-1 cost by $2bn, seeks ECNEC’s approval

–Source says govt intends to collaborate with private enterprises on some portions of railways track  –CDWP approves 13 projects worth Rs36.18bn ISLAMABAD: With a major...

Rawalpindi Ring Road to materialise after years of delay

RAWALPINDI: Rawalpindi Development Authority (RDA) on Saturday organised a seminar in Gymkhana Club to share the proposed 'Rawalpindi Ring Road Project' with...

Moot stresses ‘better training facilities’ for bankers

KARACHI: More resources and efforts need to be allocated on training bankers, according to former Standard Chartered Pakistan (SCBPL) CEO and president...

KP flour millers protest ban on wheat transportation from Punjab

PESHAWAR: Owners of flour mills in Khyber Pakhtunkhwa (KP) protested on Saturday a ban on transportation of wheat from Punjab. Punjab has barred mill...

Committee for negotiations with IPPs notified

ISLAMABAD: The Ministry of Energy has notified the constitution of a five-member sub-committee to negotiate with Independent Power Producers (IPPs), asking it...

Court orders reinstatement of former BoK managing director

PESHAWAR: The Peshawar High Court (PHC) recently accepted the writ petition of former Bank of Khyber (BoK) managing director Saiful Islam --...

KP govt to present ‘tax-free budget’ for next fiscal year: minister

PESHAWAR: Keeping in mind the economic devastation caused by the outbreak of Covid-19, the Khyber Pakhtunkhwa government has decided to pay more attention...

Little work on FCTC implementation in Pakistan

NHS official says slow progress on 'Framework Convention on Tobacco Control' gives chance to multinationals as well as FBR to make exorbitant profits
Power sector

Power Division set to clear circular debt through Rs200bn Sukuk

Govt formulates plan to make payments to 79 IPPs and GENCOs