Author: Admin

Proposal to Dissolve CPEC Authority Under Review, Senate Panel Briefed

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Senate-Panel

ISLAMABAD: The Senate Standing Committee on Planning, Development, and Special Initiatives was informed on Friday that the government is considering a proposal to dissolve the China-Pakistan Economic Corridor (CPEC) Authority. Planning Ministry Secretary Awais Manzur Sumra revealed that the authority is currently non-functional, and the prime minister has suggested forwarding the matter to the federal government’s rightsizing committee. The ministry has also recommended initiating the repeal of the CPEC Authority Act. The committee, chaired by Senator Quratul Ain Marri, also approved a private member’s bill to include representatives from the…

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Nepra Announces Dual Relief for Power Consumers

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Nepra-Price

ISLAMABAD: In a rare move, the National Electric Power Regulatory Authority (Nepra) approved dual relief measures for electricity consumers on Friday, offering both a negative fuel cost adjustment (FCA) and significant discounts on incremental winter consumption. Nepra announced a reduction of Rs1.14 per unit in the monthly FCA for October 2024, which will be reflected in December bills. However, with the expiration of the Rs1.28 per unit negative FCA from November, the net relief will effectively be 14 paise lower. Additionally, Nepra extended the government’s winter relief package—offering 25% discounts…

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Murad directs provincial depts for timely, targeted planning for ADP 2025-26

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murad-ali

• Emphasis on continuity in efforts to restore infrastructure• Emphasis on aligning uplift efforts with SDGs• Priority areas: improved healthcare, education, climate-smart initiatives in agriculture, irrigation. KARACHI (Dec 6): Sindh Chief Minister Syed Murad Ali Shah has issued detailed guidelines for the preparation of the Annual Development Program (ADP) for 2025-26 aimed at ensuring strategic planning for provincial development, focusing on post-flood rehabilitation, socio-economic uplift, and alignment with the government’s broader development agenda. Following the directive from the CM, Minister Planning & Development Syed Nasir Shah has issued detailed guidelines…

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EAD Seeks IsDB Financing Details for Eight Key Infrastructure Projects

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ISDB-Project

ISLAMABAD: The Economic Affairs Division (EAD) has sought comprehensive updates on eight pipeline development projects to evaluate their readiness for potential financing by the Islamic Development Bank (IsDB). The details will be shared with the IsDB Programming Implementation and Supervision Mission (PIASR), scheduled to visit Pakistan from December 8-14, 2024. The projects under negotiation include: Diamer Bhasha Dam Hydropower Project500 kV Double Circuit Transmission Line: Matiari–Moro–Rahim Yar Khan500 kV Double Circuit Transmission Line: Ghazi Barotha–Faisalabad WestSukkur–Hyderabad Motorway (M-6)Chashma Right Bank Canal (CRBC)Karachi–Torkham Highway Project (Phase II)Reactive Compensation Power Devices for…

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PM Shehbaz Sharif Orders Crackdown on Petrol Smuggling, Commends Economic Reforms

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Shahbaz-Sharif

ISLAMABAD: Prime Minister Shehbaz Sharif has called for stringent measures to curb petroleum product smuggling as part of efforts to safeguard Pakistan’s revenue and boost economic recovery. Chairing a review meeting on the country’s economic conditions and Federal Board of Revenue (FBR) digitization initiatives, the premier emphasized the urgency of addressing this persistent issue. Sharif highlighted the positive impact of recent actions against smuggled fuel, noting that petroleum sales reached a 25-month high of 1.58 million tonnes in November 2024, a 15% year-on-year increase. He attributed this milestone to effective…

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