Author: Admin

LAHORE: Lahore Electric Supply Company (LESCO) has announced that consumers will no longer be able to pay their electricity bills through post offices starting April 1, 2026. The decision was taken in accordance with a resolution passed during the 309th meeting of the company’s Board of Directors, the utility confirmed. LESCO has advised consumers to ensure timely payment of their electricity bills through alternative channels to avoid inconvenience. Customers may use QR codes, designated banks, digital banking platforms, and other authorized payment methods for bill settlement. The company emphasized that…

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ISLAMABAD: The Korangi Association of Trade and Industry (KATI) has called upon Federal Minister for Petroleum and Natural Resources Ali Pervaiz Malik to immediately withdraw the recently imposed levy on Captive Power Plants (CPPs), describing the move as unjustified and detrimental to industrial growth. In a formal letter addressed to the minister, KATI President Ikram Rajput challenged the rationale behind the levy, which has been introduced to eliminate the perceived tariff differential between captive power generation and grid electricity. He argued that the government’s comparison framework is fundamentally flawed and…

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WASHINGTON: Prime Minister Shehbaz Sharif on Friday invited the U.S. International Development Finance Corporation (DFC) to enhance its financing portfolio in Pakistan, particularly in the energy, mines and minerals, agriculture, and information technology sectors. The prime minister extended the invitation during a meeting with DFC Chief Executive Officer Benjamin Black on the sidelines of the inaugural meeting of the Board of Peace. He highlighted Pakistan’s improving macroeconomic indicators, the government’s commitment to structural reforms, and the country’s increasingly attractive investment climate. Benjamin Black was accompanied by DFC’s Head of Investments…

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ISLAMABAD: Federal Minister for Planning and Development Ahsan Iqbal has revealed that Pakistan’s poverty rate has increased significantly under the 2024–25 estimates, with national poverty rising from 21.9 percent to 28.9 percent over the past seven years. Launching the Poverty and Inequality Estimates 2024–25 on Friday, the minister stated that rural poverty surged from 28.2 percent to 36.2 percent, while urban poverty climbed from 11 percent to 17.4 percent during the same period. “Poverty and economic inequality have increased over the last seven years due to irresponsibility and inconsistent economic…

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