Author: Admin

SIFC Proposal on Saudi Investment: High-Level Meeting on KE Issues Today

Admin
K-Electric1

ISLAMABAD: Finance Minister Senator Muhammad Aurangzeb has convened an inter-ministerial meeting on Wednesday (Jan 29) to discuss key issues related to K-Electric (KE), following a proposal by the Special Investment Facilitation Council (SIFC), which is addressing Saudi investment-related concerns. Key Issues on the Agenda:Generation tariff approval.Transmission, distribution, and supply tariff under review.KE’s Rs 68 billion write-off claims pending NEPRA verification.Shareholding dispute between Al-Jomaih and Asia Pak.Mediation agreements involving KE and government entities.The meeting will be attended by Power Minister Awais Leghari, Economic Affairs Minister Ahad Khan Cheema, SAPM on Power…

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Nepra and GIZ Sign MoU to Strengthen Pakistan’s Power Sector

Admin
New-NEPRA

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) have signed a Memorandum of Understanding (MoU) to advance Pakistan’s energy sector with a focus on regulatory improvements and renewable energy integration. The agreement was signed by Nepra Registrar Waseem Anwar Bhinder and GIZ Cluster Coordinator for Energy and Climate, Wolfgang Hesse. Under the MoU, both organizations will collaborate on: Developing a regulatory framework for Battery Energy Storage Systems (BESS).Enhancing the distribution code to support renewable energy, electric vehicles (EVs), and smart technologies.Revising net metering…

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4th AlBaraka Forum Regional Conference Showcases Sukuk’s Role in Global Sustainable Finance

Admin
Al-Baraka

KARACHI – The 4th AlBaraka Forum Regional Conference, held at Marriott Hotel, Karachi, successfully explored the transformative role of Sukuk in driving sustainable economic growth. Organized by the AlBaraka Forum for Islamic Economy in collaboration with the Islamic Chamber of Commerce and Development (ICCD) and with Al Baraka Bank Pakistan as the platinum partner, the event centered around the theme “Sukuk for Sustainable Development: International Best Practices.” The conference featured distinguished speakers, including Mr. Saleem Ullah, Deputy Governor, State Bank of Pakistan, H.E. Mr. Akif Saeed, Chairman, Securities and Exchange…

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Easypaisa Bank Becomes Pakistan’s First Licensed Digital Retail Bank

Admin
New-Easypaisa

KARACHI: The State Bank of Pakistan (SBP) has granted the country’s first digital retail bank licence to Easypaisa Bank, formerly Telenor Microfinance Bank Ltd, allowing it to commence commercial operations. At a ceremony held at the SBP, Governor Jameel Ahmad awarded the licence, highlighting the bank’s potential to drive financial innovation, expand financial inclusion, and provide affordable digital banking services. He reiterated SBP’s commitment to fostering a robust digital banking framework in Pakistan through a structured licensing process. Easypaisa Bank was among five entities that received NOCs from SBP in…

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Illegal LPG Transfer Triggers Deadly Explosion in Multan

Admin
New-LPG1

MULTAN: A tragic LPG fire and explosion near the Industrial Estate in Multan has claimed multiple lives and caused extensive property damage. The incident was triggered by the illegal transfer of LPG from a bowser to cylinders at an unauthorized facility, where CO₂ was also being mixed with LPG. According to preliminary findings, prolonged LPG leakage led to the accumulation of gas in the surrounding area. As LPG is heavier than air, it spread unnoticed until an ignition source triggered a devastating explosion, resulting in severe casualties and destruction. The…

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