Author: Admin

Mobilink Bank, SEDF Partner to Unlock PKR 1 Billion in MSME Financing for Sindh’s Priority Sectors

Admin
New-Project87

Karachi: Mobilink Bank has entered into a five-year strategic partnership with the Sindh Enterprise Development Fund (SEDF), operating under the Government of Sindh, to expand structured financing for micro, small, and medium enterprises (MSMEs) across Sindh’s key growth sectors. The collaboration aims to unlock up to PKR 1 billion in financing by combining Mobilink Bank’s lending expertise with SEDF’s markup subsidy support, significantly lowering the cost of capital for entrepreneurs and promoting sustainable economic activity throughout the province. Under the agreement, Mobilink Bank will offer short-, medium-, and long-term financing…

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Rehabilitated Incineration Plant in Mewa Shah Now Disposing 18 Tons of Medical Waste Daily

Admin
Murtaza-Wahab

Karachi: In a major step towards strengthening environmental protection and public health safeguards in the city, Murtaza Wahab inaugurated the rehabilitated incineration plant of Karachi Metropolitan Corporation (KMC) at the Trans Lyari Site Area in Karachi. The inauguration ceremony was attended by members of the KMC City Council, elected representatives, and senior officials. Speaking on the occasion, Mayor Wahab said the incineration plant, equipped with modern technology, is now fully operational and will provide an effective and environmentally responsible system for the safe disposal of medical waste in the metropolis.…

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Power Division Plans to Cut Average Electricity Tariff to Rs28.99/kWh, Phase Out TDS

Admin
electricity-tariffs

ISLAMABAD: The Power Division is working on a plan to reduce the national average electricity tariff to Rs28.99 per kilowatt-hour (kWh) and eliminate the Tariff Differential Subsidy (TDS) by late June 2027, well-informed sources told Business Recorder. For calendar year 2026, the National Electric Power Regulatory Authority (NEPRA) has already set the average national tariff at Rs31.59 per kWh, down from Rs32.73 per kWh in 2024-25. The proposed reduction aims to further ease consumer burden while improving sector sustainability. The Power Division is expected to brief the visiting International Monetary…

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PMLTC Seeks Rs60.75bn Overdue Payments from CPPA-G, NGC Under TSA

Admin
New-PMLTC

ISLAMABAD: The Pak-Matiari Lahore Transmission Company (PMLTC) has formally requested the clearance of overdue payments amounting to Rs60.752 billion from the Central Power Purchasing Agency-G (CPPA-G) and the National Grid Company (NGC) under the Transmission Services Agreement (TSA). In a letter addressed to the Managing Director of NGC, PMLTC Chairman and CEO Xiong Feng referred to the legally binding TSA signed on May 14, 2018. Citing Section 9.5 of the agreement, he emphasised that the purchaser is required to settle invoiced amounts within 30 days of receipt. According to PMLTC,…

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PAA Suspends Key Karachi, Lahore Air Routes Amid Middle East Crisis

Admin
New-Project86

ISLAMABAD/KARACHI: The Pakistan Airports Authority (PAA) has announced the temporary suspension of selected commercial air routes within the Karachi and Lahore Flight Information Regions (FIRs) during specified hours, citing the deteriorating security situation in the Middle East. According to a Notice to Airmen (NOTAM) issued on Monday, designated air routes within the Karachi and Lahore FIRs will remain closed daily from 9:00am to 3:00pm from March 3 to March 31. During these hours, the affected airspace will not be available for commercial flight operations. The move comes amid escalating tensions…

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