Day: September 15, 2025

FPCCI President Atif Ikram Sheikh Condemns State Bank’s Decision to Maintain Policy Interest Rate at 11%

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FPCCI-Project

Karachi: Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has strongly condemned the State Bank of Pakistan’s recent decision to keep the policy interest rate at 11%, calling it “incomprehensible” given the current economic landscape. Sheikh expressed deep concern about the detrimental effects this stubborn stance will have on the business environment and the broader economy. Sheikh urged the central bank to reduce the policy rate to 6-7%, aligning it with prevailing inflation rates and economic realities to stimulate growth. He pointed out…

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Sindh, fed govt to work together to evolve a climate action plan, to improve Sukkur Barrage capacity

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CM-Sindh

• Sindh govt restores natural waterways through engineering solution • River Indus fragile bunds to be strengthened with Japanese assistance KARACHI (Sept 15): Sindh Chief Minister Syed Murad Ali Shah and Federal Minister for Climate Change and Environmental Coordination, Dr. Musadik Malik, discussed launching a 300-day Climate Action Plan ahead of the upcoming monsoon, improving Sukkura Barrage capacity, reinforcing fragile embankments of the River Indus, and restoring old waterways to prevent loss of lives and property during riverine and flash floods.The meeting, held at CM House on Monday, was attended…

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LONGi Joins Hands with CAPP to Illuminate Central Africa with Innovative Microgrid Solutions

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Longi-Project

Recently, Mr. Dennis She, Vice President of LONGi, held a meeting with Mr. ATADET AZARAK MOGRO, Permanent Secretary of the Central African Power Pool (CAPP), and Mr. RIGOBERT GBAZI, Head of the Power Technology Department. The two sides held in-depth discussions and reached a consensus on leveraging efficient PV solutions to accelerate the popularization of electricity in Central Africa and eliminate energy poverty. The Central African Power Pool (CAPP) is a regional electricity cooperation organization composed of 11 Central African countries (including Angola, Burundi, Cameroon, the Central African Republic, etc.).…

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Conflict of Interest Concerns Cloud Ogra Appointment Process

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OGRA

ISLAMABAD: The federal government’s move to appoint a new Member (Gas) to the Oil and Gas Regulatory Authority (Ogra) has raised concerns over a potential conflict of interest, officials at the Petroleum Division confirmed. Three candidates have been shortlisted, including a serving Senior General Manager at Sui Northern Gas Pipelines Limited (SNGPL) — a company directly regulated by Ogra. Critics argue that such selections undermine the regulator’s independence. Similar objections were raised earlier when a senior official from Sui Southern Gas Company (SSGC) was appointed as Ogra’s Member (Finance). Former…

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Floods Inflict Rs500bn Losses; Govt Announces Power Bill Waiver, Relief Measures

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LAHORE/ISLAMABAD/SUKKUR: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal on Sunday said the recent floods have inflicted an estimated Rs500 billion in losses, severely impacting Pakistan’s agriculture and economy. He emphasized that the government would pursue self-reliance rather than foreign aid to overcome the crisis. Speaking with experts, the minister noted that provincial agricultural officials have been called for consultations on rehabilitation. “The world did not fulfill its promises in 2022. This time, self-reliance is our priority,” he maintained. Meanwhile, Prime Minister Shehbaz Sharif announced a complete waiver…

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