Author: Admin

Türkiye Reaffirms Unwavering Support for Pakistan, Says President Erdogan

Admin
Turkiye-pak

ISLAMABAD: Turkish President Recep Tayyip Erdogan has reaffirmed Türkiye’s steadfast support for Pakistan, vowing to stand by the country in both good and challenging times, as it has in the past and will continue to do in the future. In a post on X (formerly Twitter), President Erdogan highlighted the deep-rooted ties between the two nations, calling the Türkiye-Pakistan brotherhood “one of the best examples of true friendship” that is rarely seen globally. He emphasized Ankara’s commitment to Pakistan’s peace, stability, and prosperity. Erdogan also commended Pakistan’s “sensible and patient”…

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K-Electric Seeks Rs5.02 Per Unit Tariff Reduction Under Fuel Adjustment

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K-Electric

ISLAMABAD: K-Electric (KE) has approached the National Electric Power Regulatory Authority (Nepra) seeking a reduction of Rs5.02 per unit in power tariff under the Fuel Charges Adjustment (FCA) mechanism for March 2025. In a petition filed with Nepra, KE calculated the requested negative adjustment based on the interim reference tariff of March 2023. If approved, this would translate into a relief of Rs6.79 billion for KE consumers. A public hearing on the matter has been scheduled for May 22 at Nepra Tower, where stakeholders will deliberate on the proposed FCA…

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DISCOs Fail to Meet Loss Reduction Targets, ECC Expresses Alarm

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Power-sector

ISLAMABAD: Pakistan’s Economic Coordination Committee (ECC) has raised serious concerns over the persistent failure of power distribution companies (DISCOs) to reduce transmission and distribution (T\&D) losses, despite recent governance reforms and the reconstitution of their boards. During a recent meeting, the ECC expressed dismay over the inability of DISCOs to meet their assigned loss reduction targets. Of particular concern was the performance of Lahore Electric Supply Company (Lesco), whose losses have reportedly increased over the past year. The committee emphasized the urgent need for comprehensive reforms to curb inefficiencies and…

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Pakistan Reaffirms Commitment to Ceasefire Amid Indian Provocations

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Pak-India

ISLAMABAD: Pakistan on Tuesday reiterated its commitment to the ceasefire understanding with India despite what it termed “provocations” and “misinformation” from New Delhi, warning that any future aggression would be met with full resolve. The statement from the Foreign Office came in response to a fiery speech by Indian Prime Minister Narendra Modi on May 12, in which he alleged that Pakistan had carried out retaliatory strikes on Indian military and civilian targets—claims Pakistan strongly rejected as “provocative, inflammatory, and rooted in political opportunism.” “These assertions represent a dangerous escalation…

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Govt Introduces Digital Tracking Bill to Curb Fuel Smuggling and Revenue Losses

Admin
petrol-price

ISLAMABAD: In a significant move to combat rampant fuel smuggling and adulteration, the federal government has tabled the Petroleum (Amendment) Act, 2025 in the National Assembly. The bill, introduced by Petroleum Minister Ali Pervaiz Malik, proposes the digital tracking of petroleum products from import and production to retail sale, aiming to prevent illegal activities that cause estimated annual revenue losses of Rs300–500 billion and environmental damage. The legislation seeks to amend the outdated Petroleum Act of 1934 by adding clauses that mandate information technology-based tracking systems. These systems will monitor…

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