Author: Admin

ISLAMABAD: The federal government and Karachi-based consumer groups on Tuesday strongly opposed K-Electric’s claims of nearly Rs60 billion under End-of-Term (EoT) adjustments for the Multi-Year Tariff (MYT) control period 2017-23 during a public hearing held by the National Electric Power Regulatory Authority (Nepra). At the conclusion of the hearing, Nepra stated that K-Electric’s petition for EoT adjustments falls within the framework approved under the MYT determination for FY2017-23 and the subsequent mid-term review mechanism. However, the regulator stopped short of issuing a final verdict on the utility’s claims. According to…

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ISLAMABAD: Pakistan recorded its lowest fiscal deficit in nearly three decades during the first nine months of the current fiscal year, driven by massive petroleum levy collections, strong provincial cash surpluses, and a sharp reduction in interest payments, according to official fiscal operations data released by the Ministry of Finance. The fiscal deficit stood at just Rs856 billion, equivalent to 0.7 percent of GDP, during July-March FY2025-26, compared to Rs2.97 trillion or 2.6 percent of GDP during the same period last year — reflecting an impressive 71 percent improvement. The…

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SUKKUR/KHAIRPUR MIRS: Senior Minister for Information, Transport and Mass Transit Sharjeel Inam Memon inaugurated two new routes of the Peoples Bus Service in Khairpur Mirs, calling it a historic and joyous occasion for the district’s residents. Speaking at the ceremony, Memon said the service was launched under the vision of PPP Chairman Bilawal Bhutto Zardari, President Asif Ali Zardari, Faryal Talpur, and Sindh Chief Minister to provide affordable, comfortable, and reliable transport to the people of Khairpur. He highlighted that the PPP has delivered record development and public welfare projects…

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KARACHI, PAKISTAN – May 12, 2026: The 23rd International Trade & Industrial Fair (ITIF Asia 2026) officially commenced today at the Expo Center Karachi with a prestigious inauguration ceremony led by Governor Sindh, Nehal Hashmi. The three-day mega industrial exhibition, taking place from May 12–14, has already emerged as a vibrant platform for industrial innovation, technology transfer, and international business collaboration. The inauguration ceremony was attended by senior government officials, diplomats, trade representatives, industrialists, and business leaders from across Pakistan and abroad. Governor Hashmi toured various exhibition halls, interacted with…

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Islamabad, May 12,2026, Federal Minister for Petroleum Mr. Ali Pervaiz Malik held a meeting with the Ambassador of the State of Kuwait to Pakistan, H.E. Mr. Nassar Abdulrahman Jasser Almutairi. The meeting focused on regional developments, energy cooperation, and agreed to further strengthen bilateral relations and expand collaboration in areas of common interest. The Federal Minister expressed sincere gratitude to the Government of Kuwait for its timely facilitation and support in ensuring the safe dispatch of vessel Khairpur, which reached Pakistan carrying diesel supplies during a challenging period. He highlighted…

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