Category: Popular News

LESCO Launches Installment Plan to Recover Rs33 Billion from Dead Defaulters

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New-LESCO

LAHORE: In a bid to recover outstanding dues worth Rs33 billion, the Lahore Electric Supply Company (LESCO) has introduced an installment facility specifically aimed at “dead defaulters”—consumers whose connections were previously disconnected due to non-payment. According to an official letter issued by Director Customer Services Abbas Ali, LESCO will now offer only online installment plans for defaulters. The directive includes the development of a digital link to facilitate the recovery process, which will be integrated with banks, NADRA, and other relevant institutions to streamline verifications and payments. Despite previous disconnections…

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Chairman WAPDA briefed about water, power projects

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WAPDA

Says on time completion of under construction projects,fast-track restoration of NJHP foremost priority August 6, 2025: Chairman WAPDA Lt Gen Muhammad Saeed (Retd) presided over a meeting today at WAPDA House. During the meeting, the Chairman was briefed about WAPDA’s mandate, the mega projects it has executed in water and power sectors since its inception, the role it has been playing in socio-economic development of the country, and the progress on under-construction projects. Members of the Authority, General Managers and other senior officers attended the meeting. Speaking on the occasion,…

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Oil Prices Rebound from 5-Week Low Amid Trump’s Threats Over Russian Crude Trade

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Oil prices

TOKYO: Oil prices bounced back on Wednesday following a sharp dip, as market participants weighed potential supply disruptions triggered by U.S. President Donald Trump’s fresh threats of tariffs on India for its continued imports of Russian crude. Brent crude futures rose 29 cents, or 0.4%, to \$67.93 per barrel by 0119 GMT, while U.S. West Texas Intermediate (WTI) gained 28 cents, or 0.4%, reaching \$65.44 a barrel. Both benchmarks had plunged more than \$1 on Tuesday to hit their lowest levels in five weeks amid concerns of oversupply following OPEC+’s…

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Pakistan Misses Three Key IMF Targets Despite Posting Record Primary Surplus

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New-IMF

ISLAMABAD: Pakistan has fallen short of three out of five major fiscal targets set by the International Monetary Fund (IMF) under the \$7 billion bailout programme, largely due to underperformance by the provinces and missed tax collection goals by the Federal Board of Revenue (FBR). According to the Ministry of Finance’s fiscal operations report, provincial governments collectively failed to generate the agreed Rs1.2 trillion cash surplus, falling short by Rs280 billion. Simultaneously, the FBR missed its overall revenue target of Rs12.3 trillion, collecting only Rs11.74 trillion, and failed to raise…

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Growatt Achieves Global No.1 Residential PV Inverter Supplier in 2024

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growatt

Growatt, a world-leading provider of distributed solar and energy storage solutions (ESS), has secured top positions in the 2024 global PV inverter rankings, solidifying its leadership in the solar energy sector and demonstrating its strong performance across key market segments. According to the latest report, Growatt is ranked the: The rankings are based on the newly released 2024 PV Inverter Market Tracker by S&P Global Commodity Insights, a leading authority in global solar market intelligence. The latest results mark a step up from Growatt’s 2023 performance, where it was named…

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