Rs10bn recovered amid crackdown on power theft, Senate panel told


ISLAMABAD: The countrywide crackdown on power theft has yielded positive results as so far Rs10 billion have been recovered while the Power Division is expecting to collect up to Rs150 billion in the next five months. It was revealed by a representative of the Power Division in the Senate Committee on Energy’s meeting on Tuesday. The committee received a report…

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KCCI seeks import ban on recycled plastic from neighbouring countries to protect local industry


Karachi: The Karachi Chamber of Commerce & Industry (KCCI) has called on the government to stop the import of recycled plastic from neighboring countries, saying it causes huge revenue losses and undermines the local recycling industry. In a letter to Dr. Gohar Ejaz, the caretaker minister for commerce, industries, and production, KCCI president Mohammad Tariq Yousif said that smuggled and…

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Pakistan receives first shipment of Russian LPG, Russian embassy says


Shipment, which the embassy says was delivered with Iranian help, comes after Pakistan received its first-ever delivery of Russian crude under a deal struck earlier this year ISLAMABAD: Pakistan has received its first shipment of liquified petroleum gas from Russia, Moscow’s embassy in Islamabad said on Tuesday, marking Islamabad’s second major Russian energy purchase. The shipment, which the embassy said…

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Solar panel case: Further probe under way to uncover ‘startling’ facts


ISLAMABAD: Further investigation is under way to uncover additional information and the potential involvement of other entities in the solar panel sector following the detection of overinvoicing of Rs69.5 billion in imports of solar from 2017 to 2022. An official in the Finance Ministry, when asked, said that as per the Federal Board of Revenue (FBR), further investigation is currently…

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Breaking nexus with electricity thieves: Transfers of Discos’ operational staff on the cards


ISLAMABAD: The Power Division has decided to transfer operational staff of power Distribution Companies (Discos) from one circle to other another circle to break their collusion with electricity thieves, official sources told Business Recorder. “Transfer of operational staff of Discos, SDOs, line superintendents and meter readers is on the cards and no political influence will be accepted in this regard,” the…

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