Category: Latest News

ISLAMABAD: Thousands of solar power consumers in Islamabad have expressed outrage after receiving electricity bills instructing them to replace their existing green meters with Automatic Meter Reading (AMR) devices within three months — or risk losing access to net metering. Under the new directive, consumers with on-grid solar systems are being asked to purchase AMR meters at a cost of Rs52,000 each, while their previously installed green meters — which they had already paid for — will be taken back by the Islamabad Electric Supply Company (Iesco). Many consumers, who…

Read More

ISLAMABAD: Prime Minister Shehbaz Sharif has received the inquiry report into alleged irregularities in the Rs170 billion Central Asia Regional Economic Cooperation (Carec) Tranche-III project, with an official decision expected within the week. According to sources in the Prime Minister’s Office, the findings were submitted to the premier in a sealed envelope, and he is likely to decide the fate of the probe “within a day or so.” In August, the prime minister had suspended eight senior National Highway Authority (NHA) officials and constituted a committee to investigate serious procedural…

Read More

ISLAMABAD: In a major development for Pakistan’s energy sector, the government has received 23 bids for 40 offshore exploration blocks — the first such response in 18 years — marking renewed investor interest in the country’s offshore hydrocarbon potential. According to an official statement by the Petroleum Division, bids were received for 23 offshore blocks, covering an area of about 53,510 square kilometres. Among the bidders are leading national energy companies, including the Oil and Gas Development Company Ltd (OGDCL), Pakistan Petroleum Ltd (PPL), Mari Energies Ltd (MEL), and Prime…

Read More

KARACHI: Pakistan’s newest airline, Air Karachi, officially inaugurated its operations office at the Old Airport, Karachi, on Friday, marking a significant milestone in its journey toward full-scale operations. The ceremony was attended by prominent dignitaries, including PIA CEO Amir Hayat, Director General Civil Aviation Nadir Shafiq, diplomats, shareholders, and members of the Board of Directors. Speaking on the occasion, Secretary of Defence Lt. Gen. (Retd) Muhammad Ali, HI (M), lauded the initiative, stating, “We are striving to take Pakistan to the position envisioned by our founding leaders. The business community’s…

Read More