Author: Admin

Power Division Urges Nepra to Revise Licensing Regulations for Discos

Admin
Nepra-tariff

ISLAMABAD: The Power Division has requested the National Electric Power Regulatory Authority (Nepra) to amend licensing regulations for power distribution companies (Discos) to facilitate private sector participation (PSP) in their operations. The proposed changes aim to align Discos’ licenses with the evolving regulatory framework and federal government policies. Key amendments include allowing electric power suppliers to sell electricity to others through bilateral agreements. However, for transactions involving a supplier of last resort, rates and terms must be approved by Nepra. Nepra had issued Supplier of Last Resort and Distribution Licenses…

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IESCO Implements PM’s Winter Facilitation Package

Admin
Power-sector

ISLAMABAD: Islamabad Electric Supply Company (IESCO) has begun implementing the Winter Facilitation Package announced by Prime Minister Mian Shehbaz Sharif. Chief Executive Muhammad Naeem Jan confirmed that relief is being provided in December 2024 electricity bills as per the Ministry of Energy’s directives. The package offers significant relief across consumer categories: Residential Consumers: Discounts ranging from Rs 11.42 to Rs 26 per unit on additional electricity usage.Commercial Consumers: Relief ranging from Rs 13.46 to Rs 22.71 per unit.Industrial Consumers: Discounts between Rs 5.72 and Rs 15.05 per unit, encouraging higher…

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Pakistan’s Trade Deficit with Middle East Expands Amid Rising Energy Imports

Admin
Export-Import

ISLAMABAD: Pakistan’s trade deficit with the Middle East grew by 10.87% to $4.781 billion during the first four months of FY2024-25, up from $4.312 billion in the same period last year, primarily driven by increased petroleum imports. State Bank of Pakistan data highlights the mounting trade imbalance as a key concern for policymakers. Petroleum imports surged due to higher consumption, with crude oil imports alone growing by over 16% during the period. This marks a reversal from FY2023-24, when the trade deficit with the Middle East narrowed by 20.47% to…

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Pakistan Ranks 198th Globally in Mobile and Broadband Internet Speeds: World Population Review Report

Admin
UAE-Project

The World Population Review has released its latest report on mobile and broadband internet speeds, highlighting Pakistan’s low global ranking. According to the report, Pakistan fails to make it into the top 100 countries, ranking 198th among 224 nations. The report identifies the United Arab Emirates (UAE) as the global leader in mobile internet speed, boasting an average download speed of 297.62 Mbps. Singapore follows closely in second place with an average speed of 297.57 Mbps. Other top-ranked countries include Hong Kong (3rd), Chile (4th), and the United States (5th)…

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Sindh and Sindh explore ways and means to forge New Paths of Collaboration

Admin
new pass of collabration

KARACHI (Dec 8): Sindh Chief Minister Syed Murad Ali Shah met with a high-level Italian delegation led by Mr. Francesco Maria Talò, Senior Advisor to the Minister of Defence, along with Ambassador E. Marilina Armellin and other key diplomats to discuss strengthening ties in trade, education, culture, and other areas. This meeting represents a significant step towards enhancing collaboration between Italy and Pakistan, particularly in Sindh. It emphasised a shared commitment to fostering partnerships across various sectors, opening the door to promising opportunities. During the discussion with the visiting Italian…

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