Category: Latest News

ISLAMABAD: Pakistan’s unemployed population has risen sharply by 31 per cent over the past four years — climbing from 4.5 million in 2020-21 to 5.9 million in 2024-25 — underscoring the growing stress on the country’s labour market. The data, released by Minister for Planning and Development Ahsan Iqbal, reveals that unemployment has increased across all age groups, regions, and genders. Youth joblessness saw a notable jump: the unemployment rate for individuals aged 15–24 increased from 11.1pc to 12.6pc, while the 15–29 bracket rose from 10.3pc to 11.5pc. Overall, the…

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Karachi: The Traffic Police have released detailed statistics on e-challans issued across the city over the past month, revealing that more than Rs 710 million in penalties were imposed for various traffic violations. According to the report, over 93,000 e-challans were issued during the month, with the highest number recorded for seatbelt and helmet violations. Key figures include: In terms of fines collected: The Karachi Traffic Police urged citizens to adhere to traffic regulations to help reduce accidents and ensure smoother traffic flow across the city.

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Albacete, Spain – 25 November 2025 – RES has signed its first major operations and maintenance (O&M) services agreement with Matrix Renewables, a global independent power producer backed by the TPG Rise investment fund. The milestone contract marks a significant expansion of RES’ solar services portfolio in Spain. Under the agreement, RES will manage more than 300 MW of photovoltaic capacity across five provinces—Jaén, Huelva, Seville, Badajoz, and Valladolid. This strengthens RES’ presence in Andalusia and Extremadura while reinforcing its leadership position in Castile and León, a region central to…

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Premium Textile Mills Limited has approved a $4.15 million investment to install a 7.5MW wind turbine, marking another step in its transition toward sustainable and cost-efficient energy. The publicly listed textile manufacturer, known for producing cotton and polyester yarn, announced the decision through a notice to the Pakistan Stock Exchange (PSX) on Monday. The Board of Directors approved the project via a circular resolution dated November 24, 2025. “Keeping up with our commitment to sustainable environmental practices, the contribution of renewable energy in the power mix will significantly increase after…

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ISLAMABAD: The Pakistan Institute of Development Economics (PIDE) has cautioned that Pakistan’s power sector woes have evolved into a profound socioeconomic imbalance, with the poorest households bearing the heaviest burden of systemic inefficiencies. Authored by Dr. Rubina Ilyas, Research Economist at PIDE, the study titled “Circular Debt and Electricity Tariffs: Unequal Burdens Across Household Quintiles in Pakistan” reveals how the circular debt—now surpassing Rs2.6 trillion—has fueled steep, regressive electricity tariffs that disproportionately impact low-income groups. The report warns that without efficiency-driven reforms, improved governance, and a more progressive tariff design,…

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