KARACHI: At least five people lost their lives, including four due to electrocution, as heavy rainfall swept across Karachi on Thursday, inundating roads, disrupting traffic, and causing widespread power outages across the metropolis. According to the Met Office, significant rainfall was recorded in multiple areas, with Nazimabad receiving 69.6mm, followed by Keamari (56mm), Saadi Town (48mm), University Road (44.2mm), and Bahria Town (43.5mm). Other localities, including Orangi Town, Gulshan-i-Maymar, Surjani Town, and Jinnah Terminal, also experienced moderate to heavy downpours. The weather is expected to remain partly cloudy on Friday…
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Shehbaz Sharif Urges Unified National Response to Global Oil Crisis
ISLAMABAD: Prime Minister Shehbaz Sharif has called for coordinated efforts between the federal and provincial governments to protect citizens from the impact of the global oil crisis triggered by the US-Israeli war on Iran. Addressing a high-level meeting attended by Chief of Defence Forces Asim Munir, provincial chief ministers, and federal ministers, the premier stressed the need to reset national priorities and utilise resources wisely to provide relief to vulnerable segments. “We must jointly decide our priorities and direct resources towards public welfare, transport, and agriculture,” the prime minister said,…
Read MoreNEPRA Imposes Rs85 Million Fine on Power Firms Over Costly Mismanagement
ISLAMABAD: The National Electric Power Regulatory Authority has penalized two state-owned power sector entities with a combined fine of Rs85 million for lapses that led to over Rs35 billion in additional fuel costs for consumers within a single month, along with contributing to system inefficiencies and a nationwide power breakdown. Under the decision, the National Grid Company has been fined Rs75 million, while the Central Power Purchasing Agency faces a Rs10 million penalty. Both organizations have been directed to deposit the fines within 15 days. The penalties follow a three-year…
Read MoreNEPRA Fines Power Entities Rs85 Million Over Misreporting and Costly Inefficiencies
ISLAMABAD: The National Electric Power Regulatory Authority has imposed a total fine of Rs85 million on two state-run power sector entities for actions that led to over Rs35 billion in additional fuel costs for consumers in a single month, alongside contributing to system inefficiencies and a major power breakdown. The regulator fined the National Grid Company Rs75 million and the Central Power Purchasing Agency Rs10 million, following a legal process spanning nearly three years. Both entities have been directed to deposit the penalties within 15 days. The case stems from…
Read MoreFuel Prices Surge Up to 55% as Government Ends Blanket Subsidy, Announces Targeted Relief
ISLAMABAD: In a major policy shift, the federal government has withdrawn blanket fuel subsidies, triggering an unprecedented surge in petroleum prices—42.7% for petrol and 55% for high-speed diesel (HSD)—amid escalating global oil volatility linked to the US-Israel war on Iran. With immediate effect, petrol prices have risen by Rs137.23 per litre to Rs458.41, while HSD has increased by Rs184.49 per litre to Rs520.35. Kerosene prices also climbed by Rs34.08 per litre to Rs457.80. To manage the price shock, the government adjusted petroleum levies—raising petrol levy to Rs160 per litre from…
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