Karachi, April 24, 2024: The National Electric Power Regulatory Authority (NEPRA) has given decision on the utility’s Transmission & Distribution Investment Plan till FY 2030 which will catalyze the company’s efforts to reduce losses in transmission and distribution, drive growth in its customer base, and bolster the power utility’s infrastructure to meet current demands and future needs.
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Prime Minister Shehbaz Sharif, after listening to the grievances highlighted by the Karachi Chamber, immediately directed all the relevant Federal Ministers and Secretaries to hold meeting with KCCI so that the issues being faced by business community could be extensively discussed to agree upon solutions whereas he himself would personally review the outcome of discussions and, accordingly, announce relief on 1st May.
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During the meeting, the Prime Minister instructed Planning Minister Ahsan Iqbal, Finance Minister Mohammad Aurangzeb, and the Secretary of Communication to hold meetings with the Sindh Chief Minister or his team to resolve all the pending issues as a matter of priority. He further stated that he was here [in the Sindh CM House] to resolve all the lingering issues, so that developmental projects could move forward, and financial issues could be resolved. To show his commitment, he announced that the provincial government would receive 150 buses to add to its fleet.
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Iranian President Dr Seyyed Ebrahim Raisi expressed readiness to enhance energy cooperation with Pakistan during his visit to the country. Commending Pakistan’s stance on the Gaza situation, President Raisi highlighted the enduring bond between the two nations. Speaking at the mausoleum of Allama Dr Muhammad Iqbal, President Raisi emphasized the role of poetry in strengthening bilateral relations. He praised Allama Iqbal’s legacy as a bridge between Pakistan and Iran, noting the deep historical, religious, and cultural ties between the two countries. President Raisi laid a floral wreath at the mausoleum,…
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In a recent ceremony at Karachi Port, UAE Consul General Bakhit Atiq al-Rumithi pledged substantial investments in various sectors across Pakistan. Highlighting the UAE’s commitment to Pakistan’s development, Al-Rumithi emphasized plans for investments beyond ports, including railways, infrastructure, and other key areas. The ceremony marked the payment of $50 million to Karachi Port by Karachi Gateway Terminal (KGTL) under their contractual agreement. Al-Rumithi noted Pakistan’s significant investment potential, citing the country’s favorable business environment and the presence of 17 million Pakistanis in Dubai. He expressed confidence in Pakistan’s growth prospects…
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