EV Sales Growth: EV Penetration Rate: China New Energy Vehicle (NEV) Sales Breakdown: Source: Michael Dunne Key Takeaways:
Read MoreChina’s Electric Vehicle Revolution: A 125-Year Unprecedented Achievement
Category: Highlights
Electricity prices further jacked up by Rs3.76 per unit
KARACHI: The National Electric Power Regulatory Authority (Nepra) on Tuesday hiked the per unit price of electricity by Rs3.76 per unit on account of quarterly fuel adjustment. According to a notification issued by the power regulator, the increase will be applicable for three months this year — June, July and August. As a result of the latest hike in electricity prices, consumers will face higher electricity bills, with additional rates of Rs 1.90 per unit in June, Rs 0.93 per unit in July and August. Furthermore, this tariff hike will…
Read MoreFederal, Sindh govts agree to construct M6 highway from Karachi to Sukkur instead of from Hyderabad to Sukkur.
KARACHI (Oct 24): Sindh Chief Minister Syed Murad Ali Shah and Federal Minister of Communication Aleem Khan, during their meeting at CM House, agreed to build a M6 Motorway not from Hyderabad to Sukkur but from Karachi to Sukkur via Hyderabad. They agreed to explore the possibility of constructing the motorway through a Public-Private Partnership (PPP) or a consortium to be formed by the provincial and federal governments. The CM said that his team would study the options and ways to make this happen. This emerged in a meeting held…
Read MoreKCCI appeals Govt to notify six working days to uplift economy, facilitate trade & industry
KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Jawed Bilwani has appealed the government to immediately reinstate six working days for federal and provincial governments and all their relevant authorities, institutions, and departments to uplift the economy and facilitate trade and industry.In a letter sent to Prime Minister Shehbaz Sharif, President KCCI stated that since 2011, the business & industrial community has constantly been facing a lot of hardships due to additional weekly holidays every Saturday being observed by the ministries, government departments, State Bank of Pakistan, Federal…
Read MoreFinance Ministry Opposes Legalisation of Revenue-Based Load Shedding
ISLAMABAD: The Ministry of Finance (MoF) has expressed reservations over the Power Division’s proposal to legalise revenue-based load shedding, arguing that the plan lacks sufficient data to justify its economic benefits, according to sources cited by Business Recorder. Currently, power Distribution Companies (Discos) and K-Electric (KE) enforce economic load shedding as per the Power Division’s policy, which lacks legal backing from the National Electric Power Regulatory Authority (Nepra). Nepra’s Chairman, Ch Waseem Mukhtar, recently declared revenue-based load shedding illegal, suggesting the government should either cease the practice or amend the…
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