Islamabad: In a bid to provide financial relief to electricity consumers, the government has prepared a plan to eliminate unnecessary charges, including the PTV license fee, from electricity bills. According to sources in the Power Division, a proposal has been finalized to remove the monthly PTV fee of Rs. 35 currently charged to domestic consumers. Industrial and commercial consumers, who also pay this fee as part of their electricity bills, are expected to benefit from this initiative as well. This development comes following directives from Prime Minister Shehbaz Sharif, who…
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Zero Tariffs on US Goods: A Strategic Move to Secure Trade Ties with Trump
By Farrukh Saleem US President Donald Trump is reshaping global trade dynamics with an aggressive tariff strategy, leveraging America’s $800 billion trade deficit to dictate terms. Unlike many world leaders who react to changing circumstances, Trump has seized the initiative, setting the pace of international trade policy with a clear strategic vision. For *Pakistan, the US remains a **crucial trade partner, being the **only major economy where Pakistan enjoys a multi-billion-dollar trade surplus. To sustain this advantage, Pakistan must employ *strategic diplomacy, economic rationale, and political leverage with precision. Trump…
Read MoreEnergy Sector Circular Debt Surges to Rs4,700 Billion, Posing Major Fiscal Risk
ISLAMABAD: The Ministry of Finance has identified the rising circular debt in the energy sector as a *major fiscal challenge, warning that its continued growth threatens *economic stability. According to official documents, the circular debt stood at Rs4,700 billion as of *December 2024, with *Rs2,400 billion attributed to the power sector and Rs2,300 billion to the gas sector. The ministry cautions that the government lacks a clear strategy or financial capacity to resolve the crisis. With *limited room for tariff adjustments, the *mounting debt is expected to *hinder development spending,…
Read MorePunjab Implements Advanced Thermal Imaging for Forest Monitoring
LAHORE: The Punjab government has introduced cutting-edge thermal imaging technology for *24/7 satellite monitoring of forests, enabling *real-time detection of forest fires, illegal logging, and unauthorized activities. Punjab is the first province in Pakistan to deploy *thermal imaging for forest surveillance, launched under the directives of **Chief Minister Maryam Nawaz Sharif. The initiative has commenced in **Murree and Rawalpindi, with enhanced *nighttime patrolling and live satellite feeds ensuring constant oversight. A specialized team of artificial intelligence (AI) experts will manage the system. The technology operates on *advanced algorithms, enabling *instant…
Read MoreNepra Approves Rs3.02 per Unit Negative FCA for KE, Withholds Rs2 Billion
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved a negative Fuel Charges Adjustment (FCA) of Rs3.021 per unit for K-Electric (KE) consumers for *January 2025, allowing a refund of *Rs2.93 billion in April’s electricity bills. However, Nepra has withheld Rs2 billion from the total negative adjustment. During a public hearing on *March 20, Karachi-based consumers opposed the adjustment of past dues under various accounts. Nepra stated that the *negative FCA will be applied provisionally and adjusted later based on KE’s Multi-Year Tariff (MYT) for 2024-30. The refund excludes…
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