Day: January 12, 2026

Islamabad: The federal government has approved the appointment of Dr Kabir Ahmed Sidhu as the new Chairman of the Securities and Exchange Commission of Pakistan (SECP) with immediate effect, according to a notification issued by the Finance Division. Dr Sidhu is currently serving as Chairman of the Competition Commission of Pakistan (CCP), where he is widely credited with leading one of the most significant institutional turnarounds in the commission’s history. When he assumed office in August 2023, the CCP was grappling with persistent enforcement challenges and a substantial backlog of…

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Karachi: The Sui Southern Gas Company (SSGC) on Monday said it is actively working to rectify a technical fault that caused a 30 million cubic feet per day (MMCFD) shortfall in gas supply, adding that the deficit is expected to be fully recovered within the next few days. In a statement, the gas utility said that once normal supply levels are restored, gas pressure is expected to stabilise, enabling the resumption of full services to domestic consumers across Sindh and Balochistan. An SSGC spokesperson explained that an unexpected cold spell…

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Islamabad: A high-level committee constituted by the prime minister and led by Minister for Planning, Development and Special Initiatives Ahsan Iqbal has called for urgent structural reforms to improve the ease of doing business and rationalise energy tariffs and trade duties, warning that without decisive action Pakistan risks returning to another International Monetary Fund (IMF) programme. The committee was tasked with formulating a strategy to avoid a fresh IMF loan once the current $8.4 billion IMF arrangement expires at the end of 2027, amid persistent economic weaknesses. Its goal is…

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Karachi: Pakistan Petroleum Limited (PPL) has appointed Mohammad Khalid Rehman as its new Managing Director and Chief Executive Officer, effective January 10, 2026. A seasoned professional and long-serving member of the PPL team, Rehman succeeds to the top leadership role after serving as Chief Financial Officer (CFO) since April 27, 2022. Rehman joined PPL in 2009 and brings with him over three decades of national and international experience in finance, corporate planning and treasury operations. He began his career at PPL as Chief Accountant and went on to hold several…

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Abu Dhabi, UAE / Geneva, Switzerland: Despite renewable energy installations reaching record highs, global employment in the sector showed its first notable slowdown, growing by just 2.3% in 2024 to reach 16.6 million jobs, according to the newly released Renewable Energy and Jobs – Annual Review 2025 by the International Renewable Energy Agency (IRENA) and the International Labour Organization (ILO). The report attributes the deceleration in job growth to rising geopolitical and geoeconomic tensions, alongside increasing automation across renewable energy value chains, even as global deployment of clean energy technologies…

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