Category: Latest News

Trump Slaps 19% Tariff on Pakistani Goods Amid Global Trade Crackdown

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USA-Pak

WASHINGTON, Aug 1: US President Donald Trump has imposed a 19% tariff on imports from Pakistan — revised down from a previously proposed 29% — as part of a sweeping wave of new duties on dozens of countries, following the expiration of his self-imposed tariff deadline. The announcement came just a day after a Pakistani delegation led by Finance Minister Muhammad Aurangzeb concluded a trade agreement in Washington, DC, aimed at reducing tariffs. While the deal’s specific terms remain undisclosed, Trump said the US would assist Pakistan in exploring “massive…

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Sindh Ombudsman Orders Removal of K-Electric CEO Moonis Alvi Over Harassment Allegations

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Moonis-Alvi

KARACHI: In a landmark decision, the Sindh Provincial Ombudsman, Justice (R) Shah Nawaz Tariq, has directed the removal of K-Electric CEO Syed Moonis Alvi following the confirmation of harassment allegations filed against him. The complaint was lodged by Mehreen Zehra, a former Chief Marketing Officer engaged by K-Electric in 2019 as a consultant. She accused Alvi of subjecting her to persistent harassment and mental distress during her engagement with the utility. After a detailed investigation, the Ombudsman found the allegations credible and imposed a penalty of Rs 2.5 million on…

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K-Electric Clarifies: Tariff Rates Set by Government, Not KE

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K-Electric

KARACHI: In response to ongoing speculation regarding potential electricity price hikes for K-Electric (KE) customers, the company issued a clarification on Wednesday, emphasizing that it has no authority to set or alter consumer tariffs. “Electricity tariffs – including per unit charges, consumer categories, and usage slabs – are determined by the Power Division under the Uniform Tariff Policy,” a KE spokesperson stated. “These rates are uniform across the country and not decided by KE.” The company reaffirmed that any changes to electricity pricing must be formally notified by the Government…

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Neelum-Jhelum Hydropower Project to Remain Offline for Two More Years Amid Structural Damage

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Neelum-Jhelum

ISLAMABAD: The 969-MW Neelum-Jhelum Hydropower Project will stay non-operational for at least two more years following a major rock burst that damaged its underground tunnel system in May 2024, the National Electric Power Regulatory Authority (NEPRA) was informed on Wednesday. The project, commissioned in 2018 at a cost of Rs500 billion, has been a critical source of low-cost electricity. Its extended outage is further straining the national grid, increasing reliance on expensive alternatives, and worsening the circular debt crisis. The update came during a NEPRA hearing on a CPPA petition…

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US Strikes Deal to Develop Pakistan’s Oil Reserves as Trade Talks Intensify

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Donald-Trump

WASHINGTON – Former US President Donald Trump announced that the United States has reached a landmark agreement with Pakistan to jointly develop the country’s untapped oil reserves, marking a significant shift in energy cooperation between the two nations. In a post on Truth Social, Trump wrote, “We have just concluded a Deal with the Country of Pakistan, whereby Pakistan and the United States will work together on developing their massive Oil Reserves.” He added that the US is in the process of selecting the lead company for the project and…

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