Author: Admin

ISLAMABAD: Electricity consumers across the country may face a rise of 26 paisa per unit in power tariffs under the monthly fuel cost adjustment for March. The Central Power Purchasing Agency (CPPA) has submitted a formal request to National Electric Power Regulatory Authority (Nepra) seeking approval for the proposed increase. Nepra is scheduled to take up the petition for hearing on April 28. According to data submitted by CPPA, a total of 8.939 billion units of electricity were generated during March, of which 8.644 billion units were dispatched to distribution…

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ISLAMABAD: The federal government has collected over Rs180 billion from consumers through the Petroleum Development Levy (PDL) in just six weeks, reflecting a sharp surge in revenue amid heightened geopolitical tensions. According to officials in the Ministry of Finance, PDL collections rose significantly during the recent escalation involving the United States and Iran, placing an increased financial burden on petroleum consumers across the country. Cumulatively, from July of the მიმდინარე fiscal year to mid-April, the government has amassed Rs1,234 billion under the levy—around Rs400 billion higher than the same period…

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WASHINGTON: US President Donald Trump on Friday declared the Strait of Hormuz “fully open and ready for full passage,” even as Washington continues to enforce a naval blockade targeting Iran until a final agreement is reached. The announcement came shortly after Iranian Foreign Minister Abbas Araqchi confirmed that the vital waterway would remain open for all commercial vessels during the Lebanon ceasefire. However, Iranian officials clarified that military vessels are still barred, underscoring the conditional nature of the reopening. Despite signaling de-escalation in one of the world’s most critical energy…

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