Category: Popular News

Industrialists, Exporters Welcome PM’s Relief Package; OICCI Seeks Time on Super Tax Demands

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KARACHI: Industrialists and exporters have welcomed Prime Minister Shehbaz Sharif’s recently announced relief package, terming it a timely intervention to ease cost pressures on businesses, even as foreign investors expressed concern over the Federal Board of Revenue’s (FBR) issuance of super tax demand notices with a payment deadline of January 30, 2026. The prime minister announced a reduction of Rs4.04 per unit in electricity tariffs, wheeling charges of less than Rs9 per kilowatt-hour for industry, a cut in the export refinance scheme rate to 4.5 percent from 7.5pc, and the…

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Nepra Moves to Scale Back Solar Net-Metering Incentives, Public Hearing on Feb 6

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nepra

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has scheduled a public hearing on February 6 to consider proposals aimed at curtailing incentives for solar net-metering consumers, known as prosumers, amid growing concerns over high electricity tariffs, grid instability and mounting financial stress on power utilities. The hearing follows extensive feedback from stakeholders, including government bodies, power distribution companies and the general public. Nepra has already issued draft Prosumer Regulations 2025, proposing significant changes to the existing 2015 net-metering framework. Under the proposed rules, prosumers would be restricted to installing…

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KAPCO and Fauji Cement to Jointly Acquire 84% Stake in Attock Cement

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fauji cement

ISLAMABAD: Kot Addu Power Company Limited (KAPCO) and Fauji Cement Company Limited (FCCL) have signed a Sale and Purchase Agreement (SPA) to jointly acquire an 84% stake in Attock Cement Pakistan Limited (ACPL), signaling a major change in the company’s ownership structure. KAPCO disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Friday, stating that the SPA was executed on January 30, 2026, with Pharaon Investment Group Limited Holding S.A.L as the seller. Under the agreement, Fauji Cement and KAPCO will each acquire 42.03% of ACPL’s…

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Pesco Declares Six Feeders Loadshedding-Free, Ensuring 24-Hour Power Supply

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power-project

PESHAWAR: The Peshawar Electric Supply Company (Pesco) has announced six 11kV feeders as loadshedding-free, providing consumers in the designated areas with uninterrupted 24-hour electricity. The feeders include Hashtnagri, Saeedabad, Islamabad, Aladand, Express Kotigram, and City Khwaza Khela. Pesco Chief Akhtar Hamid Khan congratulated the residents of these areas, attributing the success to public cooperation, including timely bill payments and refraining from power theft. He added that a robust and sustained anti-theft operation on these feeders significantly reduced losses, enabling the elimination of loadshedding. The Pesco chief also acknowledged the support…

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Petrol Tax Hike Likely to Cushion Expected Diesel Price Increase

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Petroleum-prices

ISLAMABAD: The government may once again raise taxes on petrol to soften the impact of a sharp increase in diesel prices expected later this week, as authorities seek to contain inflationary pressures. Informed sources said that although international crude prices have edged up slightly amid regional tensions, high-speed diesel (HSD) prices remain elevated for the remainder of the current fortnight. As a result, prices of HSD, kerosene and light diesel oil (LDO) are projected to rise in the upcoming price revision on January 31. Based on existing tax rates, ex-depot…

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