Author: Admin

Karachi: Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has acknowledged the government’s reduction of the industrial electricity tariff from 16 cents to 12 cents per unit over the last two years. He said that a further reduction to below 9 cents, extended to all industrial consumers, is the definitive way to raise exports and reduce imports. Atif Ikram Sheikh cautioned that the 12-cent rate and selective schemes are temporary fixes, and that only a uniform reduction for all industry, including B3 and…

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ISLAMABAD: The World Bank has urged the Pakistani government to ensure that people affected by the Dasu Hydropower Project are protected from threats, intimidation and possible retaliation after they lodged a complaint with the institution’s independent Inspection Panel over potential adverse social impacts of the project’s Stage-I transmission line. In a letter addressed to Secretary Economic Affairs Muhammad Humair Karim, World Bank Country Director for Pakistan Bolormaa Amgaabazar stressed the importance of safeguarding complainants, victims and witnesses who raise concerns about projects financed by the institution. The complainants believe they…

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ISLAMABAD: Pakistan has invited Dutch investors to explore investment opportunities in the country, particularly through public-private partnerships (PPPs), as the government seeks to translate macroeconomic stabilisation into export-led growth, increased private investment and employment generation. Federal Minister for Finance and Revenue Muhammad Aurangzeb hosted a luncheon in honour of a Dutch business delegation led by the Founders Carbon Network (FCN), accompanied by Ambassador of the Kingdom of the Netherlands to Pakistan Robert-Jan Siegert. The event was attended by the Adviser to the Prime Minister on Privatisation, Governor of the State…

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ISLAMABAD: Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar on Friday chaired a joint meeting of the National Steering Committee on the Fuel Subsidy Scheme and the Committee on Media Management to review implementation progress, beneficiary targeting and public outreach. The meeting examined the operational status of the targeted fuel subsidy programme, its eligibility and targeting mechanisms, and the implementation strategy. Participants also reviewed the media communication plan to ensure widespread public awareness and smooth access to the relief initiative. Dar reaffirmed the government’s commitment to providing targeted…

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WASHINGTON: US President Donald Trump has said Russia has agreed to supply more than 300,000 tonnes of diesel to the United States and international markets immediately, with additional shipments planned in the coming months to help ease soaring fuel prices. Trump announced the agreement following what he described as a successful discussion with Russian President Vladimir Putin. In a social media post on Friday, he said Russia would initially provide more than 300,000 tonnes of diesel, followed by another 500,000 tonnes in November and a further one million tonnes thereafter.…

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