World Environment Day

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World Environment Day is celebrated every yearon the 5th of June and aims at raising awareness and celebrating environmentalaction   This year’s campaign is celebrated under the theme #OnlyOneEarth, focusing on living sustainably in harmony with nature. It highlights the need to reset the balance with nature through transformative changes. According to the UNEP, “it calls for collective, transformative action on…

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PPIB MD’s contract may be extended by three months

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The government is likely to extend contract of Managing Director, Private Power & Infrastructure Board (PPIB), Shah Jahan Mirza, for three months or till the appointment of his successor, well-informed sources told Business Recorder. A summary for extension in services of Mirza for three months has already landed with the Establishment Division, which will be presented to the Cabinet, after…

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Global energy crisis impacts Pakistan

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Sui Northern Gas Pipelines Limited (SNGPL) managing director has stated that the global energy crisis has impacted the gas utility as well as the entire country. “The challenges faced are complex including the depletion of local gas reserves, RLNG (re-gasified liquefied natural gas) spot cargoes and massive domestic demand,” Ali J Hamdani said. The MD stated this in his message…

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NEPRA assures APTMA of reviewing wheeling charges under CTBCM scheme

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Chairman National Electric Power Regulatory Authority (Nepra) Tauseef H Farooqi has assured the All Pakistan Textile Industry (APTMA) of reviewing wheeling charges against cheaper power generation facilities to be set up by the industry under Competitive Trading Bilateral Contract Market (CTBCM) scheme. “Both the industry and Nepra representatives should sit together and calculate judicious wheeling charges to make them acceptable…

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Tax on common man to pay for additional Multi-billion Package for top industries

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Retailers riled up over fixed sales tax Simultaneously, all Pakistan Anjuman Tajran and Traders Action Committee took to the streets in Islamabad demanding removal of Federal Finance Minister Miftah Ismail for implementing the sales tax in bills, dubbing it “cruel.” Protests by small traders have erupted in AJK, Peshawar, Lahore and many parts of country. Hasnain Khurshid, Sarhad Chamber of…

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