Author: Admin

Present govt slashes average electricity rate by Rs 4.96/kwh in one year: Awais Leghari

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Awais-Leghari

The present Pakistan Muslim League (Nawaz)-led federal government during its first year in power has been able to reduce the average electricity rate for consumers in Pakistan by 4.96 per kwh.The Power Minister, Awais Ahmed Khan Leghari, disclosed this in his presentation before the recently convened special meeting of the federal cabinet to review the one-year performance of the government in Islamabad led by Prime Minister Shehbaz Sharif. Leghari told his cabinet colleagues and senior government functionaries that the average per unit cost of electricity in Pakistan had stood at…

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Meritless appointments threaten future of gas utility

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New-SNGPL

In a recent podcast with famous host Sohail Iqbal Bhatti, senior journalist Syed Khalid Mustafa brought to light critical concerns regarding the appointments made by the government to the Board of Directors of Sui Northern Gas Pipelines Ltd (SNGPL). Mustafa asserts that these appointments lack merit, ultimately hindering SNGPL’s ability to fulfill its fundamental charter and objectives without incurring further financial deficits. Mustafa, who has a deep understanding of Pakistan’s energy sector, criticized key appointments as emblematic of elite capture and conflicts of interest. He highlighted the appointment of Ismail…

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Pakistan appoints Bilal bin Saqib as chief crypto advisor

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crypto advisor

As Pakistan moves toward formalizing its stance on cryptocurrency, the government has appointed Bilal bin Saqib as the Chief Advisor to the Finance Minister for the Pakistan Crypto Council. The move comes as Pakistan seeks to reaffirm its commitment to embracing technological advancement while ensuring sound policy measures that support the national economy, digital transformation, and a secure, transparent financial system for all, read a statement released by the Finance Division on Wednesday. As per the statement, Saqib, recognized by Forbes, is a Web3 investor, strategic advisor, and thought leader in the…

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China to train, take Pakistani astronauts into space

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Pakistani astronauts

• Accord with Suparco aims to take Pakistanis to Beijing’s space station• PM hails ‘merit-based selection’ of new cabinet members ISLAMABAD: Pakistan will soon send its first manned mission to China’s space station, Prime Minister Shehbaz Sharif announced on Thursday. Pakistan’s Space and Upper Atmosphere Research Commission (Suparco) and the China Manned Space Agency (CMSA) have signed a cooperation agreement in this regard. Under the agreement, two Pakis­tani astronauts will undergo training at the Astronaut Centre of China. One of the astronauts will be trained as a scientific payload specialist for specialised…

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FM reiterates govt’s unwavering commitment to resolving taxation, energy issues

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FM-Aurangzeb-On-Economic-Digitization-696x342-1.webp

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, has reiterated the government’s unwavering commitment to resolving critical issues related to taxation, energy, and financing, as part of its efforts to ensure the long-term viability and future growth of Pakistan’s industrial sector. He made this statement during a meeting held today at the Finance Division with the leadership of the All Pakistan Textile Mills Association (APTMA). The meeting was attended by senior officials, including the Chairman of the Federal Board of Revenue (FBR), the Secretary of the Commerce Division,…

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