Author: Admin

ISLAMABAD: Islamabad Electric Supply Company (IESCO) has begun implementing the Winter Facilitation Package announced by Prime Minister Mian Shehbaz Sharif. Chief Executive Muhammad Naeem Jan confirmed that relief is being provided in December 2024 electricity bills as per the Ministry of Energy’s directives. The package offers significant relief across consumer categories: Residential Consumers: Discounts ranging from Rs 11.42 to Rs 26 per unit on additional electricity usage.Commercial Consumers: Relief ranging from Rs 13.46 to Rs 22.71 per unit.Industrial Consumers: Discounts between Rs 5.72 and Rs 15.05 per unit, encouraging higher…

Read More

ISLAMABAD: Pakistan’s trade deficit with the Middle East grew by 10.87% to $4.781 billion during the first four months of FY2024-25, up from $4.312 billion in the same period last year, primarily driven by increased petroleum imports. State Bank of Pakistan data highlights the mounting trade imbalance as a key concern for policymakers. Petroleum imports surged due to higher consumption, with crude oil imports alone growing by over 16% during the period. This marks a reversal from FY2023-24, when the trade deficit with the Middle East narrowed by 20.47% to…

Read More

The World Population Review has released its latest report on mobile and broadband internet speeds, highlighting Pakistan’s low global ranking. According to the report, Pakistan fails to make it into the top 100 countries, ranking 198th among 224 nations. The report identifies the United Arab Emirates (UAE) as the global leader in mobile internet speed, boasting an average download speed of 297.62 Mbps. Singapore follows closely in second place with an average speed of 297.57 Mbps. Other top-ranked countries include Hong Kong (3rd), Chile (4th), and the United States (5th)…

Read More