Karachi: The Pakistan Airports Authority (PAA) has launched a phased induction of Electric Vehicles (EVs) across its airports as part of a broader strategy to promote environmental sustainability and modernize airport operations. In the initial phase, EVs are being deployed for selected airside operations, marking the start of a gradual shift away from conventional Internal Combustion Engine (ICE) vehicles. This step-by-step approach is designed to reduce carbon emissions, lower operational costs, and enhance efficiency, while maintaining operational continuity and safety. The initiative underscores PAA’s commitment to adopting environmentally responsible technologies…
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Soaring Utility Bills Push Pakistani Families to Cut Food Spending, Gallup Finds
ISLAMABAD: Rapidly rising electricity and gas bills have become the single biggest strain on Pakistani household budgets, forcing families to reduce spending on food to cope with escalating utility costs, according to a new analysis by Gallup Pakistan. The report, titled “Are Pakistanis Eating Less to Afford Electricity and Gas?”, was released on Tuesday and draws on a 20-year comparison of household consumption patterns using data from the government’s Household Integrated Economic Survey (HIES). The findings point to a major structural shift in household spending. Between 2005 and 2025, the…
Read MoreGulf Investors File $2bn Arbitration Case Against Pakistan Over K-Electric Dispute
ISLAMABAD: Saudi and Kuwaiti investors in K-Electric have launched a USD 2 billion international arbitration case against Pakistan, sharply escalating a long-running dispute involving regulatory intervention, unpaid government dues and the prolonged blockage of a USD 1.77 billion sale of the country’s largest private power utility. The arbitration was initiated on January 16, 2026, when London-based law firms Steptoe International (UK) LLP and Omnia Strategy LLP, acting on behalf of the investors, submitted a Notice of Arbitration under the OIC Investment Agreement and the UNCITRAL Arbitration Rules, formally naming the…
Read MoreCDA Plans to Deploy Drones for Firefighting in Islamabad’s High-Rise Buildings
ISLAMABAD: The Capital Development Authority (CDA) has announced plans to introduce modern firefighting techniques, including the use of drones, to enhance its response to fire incidents in high-rise buildings across the federal capital. The decision was taken at a high-level meeting chaired by CDA Chairman and Islamabad Chief Commissioner Muhammad Ali Randhawa at the authority’s headquarters to review fire safety arrangements and emergency preparedness for tall and sensitive structures. The meeting was attended by CDA Member Finance Tahir Naeem, Member Planning and Design Dr Khalid Hafiz, Deputy Commissioner Islamabad Irfan…
Read MoreWB Raises Concerns Over Proposed Amendments Affecting Nepra’s Independence
ISLAMABAD: The World Bank has reportedly expressed serious concerns over proposed amendments to the Nepra Act, 1997, and the Electricity Act, 1910, warning that the changes could undermine the independence of the National Electric Power Regulatory Authority (Nepra), well-informed sources told Business Recorder. According to the sources, the proposed amendments seek to replace the term “Federal Government” with “Power Division” or “division concerned” in various regulatory provisions, particularly those related to approvals and notifications. The World Bank has already held one meeting with relevant authorities to convey its reservations, and…
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