Category: Highlights

Print 2025-01-19

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LESCO

‘Disco Support Unit’ established LAHORE: In a significant move to curb power theft and improve recovery, the government has established a Disco Support Unit. According to a press release issued by LESCO’s spokesperson, the unit has been set up on the directives of the government of Pakistan. The unit will be headed by Chief Executive LESCO Engineer Shahid Hyder as its Director, while Sector Commander Civil Armed Forces will serve as its Co-Director. The unit will also comprise officials from the district government, police, FIA, Military Intelligence, and ISI. The…

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Pakistan Ends Sui Gas Companies’ Monopoly, Opens Sector to Private Players

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Gas-Prices

Islamabad, January 18, 2025 – The longstanding monopoly of Sui gas companies in the purchase and sale of gas has officially ended as the Petroleum Division notified the implementation framework for third-party gas sales. This landmark move, endorsed by the Executive Committee of the National Economic Council (ECNEC), allows private companies to purchase up to 100 mmcfd of gas annually, with a cap to be reviewed yearly. The decision stems from amendments to the 2012 Exploration and Production (E&P) Policy, approved by the Council of Common Interests (CCI) on January…

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World Bank Mission to Assess Delays in Dasu Hydropower Project Progress

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Dasu-Dam

Islamabad, January 18, 2025 – The World Bank will conduct an Implementation Support and Progress Review Mission for the Dasu Hydropower Project (DHP) Stage 1 from February 10 to March 5, 2025. The mission will evaluate the project’s progress and address implementation challenges. The 242-meter (794 ft) tall dam, designed to support a 4,320 MW hydropower station, is being constructed in two 2,160 MW stages. The project is scheduled to begin power generation in July 2027. However, progress has slowed significantly, with delays linked to restrictions on international workers’ transportation…

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Trump 2.0 and then some

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New-Project

Pakistan stands at a crossroads with the US as Donald Trump is all set to reenter the White House Choppy waters lie ahead. Pakistan was struggling to recalibrate its foreign policy in a transformed regional and global reality even before United States forces completed their withdrawal from Afghanistan on August 30, 2021. Now, with Donald Trump set to assume the White House on January 20, 2025, things are more uncertain than ever. Pakistan is no longer able to make the most of its geo-strategic location for a seat at the…

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Cristiano Ronaldo Set to Earn 160 million PKR Daily in New Al-Nassr Contract

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Cristiano-Ronaldo

Riyadh, January 18, 2025 – Football superstar Cristiano Ronaldo is poised to become the highest-paid footballer in the world as he signs a new contract with Saudi Arabian club Al-Nassr. The official announcement is expected today, confirming a deal that will earn the 39-year-old icon a staggering 550,000 euros per day—equivalent to approximately 160 million Pakistani rupees. Reports indicate that Ronaldo’s annual salary under the new agreement will amount to 183 million euros, surpassing 52 billion PKR, solidifying his position as one of the most financially successful athletes in history.…

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