Category: Highlights

Local traders have rejected the increase in power tariffs by Rs4.74 per unit, terming the government decision wasn’t in the best interest of business and industries growth, which should be withdrawn immediately. The traders’ community while speaking at a meeting here on Sunday attributed the increase in power tariff to the escalated cost of industrial production owing to frequent increase in rates of electricity and gas. Subsequently, the business community expressed fear that the prices of manufacturing products would also move toward an upward trajectory, which could directly affect the…

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There’s bad news. The trade deficit has gotten out of hand. But there’s good news too. The deficit has peaked and it is expected to shrink in the second half of the fiscal year, between January and June 2022. The Pakistan Bureau of Statistics says imports in July-Nov 2021 surged 69 per cent year-on-year to $32.934 billion. But export earnings totalled $12.344bn, despite about 27pc yearly growth. This produced a huge trade deficit of $20.59bn, about 112pc higher than the July-Nov 2020 deficit of $9.724bn. This meteoric rise in the…

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The Senate panel on power has decided to forward the issue of alleged illegal appointments of chief financial officer (CFO) and others at Hyderabad Electric Supply Company (HESCO) to the Federal Investigation Agency (FIA) and National Accountability Bureau (NAB). As per details, a meeting of the Senate Standing Committee on Power held here on Thursday under the chairmanship of Senator Saifullah Abro to take up various matters including the removal of HESCO CEO Rehan Hamid. Forwarding the case to FIA and NAB, chairman Senate panel commented that the Power Division…

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Community-level training required to make people properly know about methods to deal with fire emergenciesKarachi People at the community-level should be given the training to deal with fire emergencies to ensure not just their own protection but those around them in their residential areas and workplace environment.This was one of the demands made by the speakers at the 11th Annual Fire, Safety, & Security Convention organised here at the hotel by the National Forum for Environment & Health (NFEH) in collaboration with the Fire Protection Association of Pakistan (FPAP). Speaking…

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Punjab Minister for Housing, Urban Development and Public Health Engineering Mian Mahmood-ur-Rasheed has announced government’s plan to convert 60 per cent of power consumption to solar energy by 2030.The Minister was addressing the audience at a “Sungrow Power Day 2021 – Lahore Chapter, a grand event” organized by Sungrow, the global leading inverter solution supplier for renewables at a local hotel. Environment Protection Agency, Punjab, Director General (DG EPA) Ambreen Sajjad and Public-Private Partnership (PPP), Punjab, Chief Executive Amjad Ali Awan were guests of honor, while leading national and international…

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