Category: Popular News

Privatisation Push Gains Momentum: Advisers to be Appointed for Four Power Discos and Two Generation Plants

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Power-sector

ISLAMABAD: In a key move to advance power sector reforms, the Privatisation Commission has initiated the process of appointing financial advisers for four state-owned electricity distribution companies (Discos) and two major power generation plants, marking a critical step towards the government’s broader privatisation agenda. At a meeting chaired by Adviser to the Prime Minister on Privatisation, Muhammad Ali, the Privatisation Commission Board approved the launch of adviser selection for Hyderabad Electric Supply Company (Hesco), Sukkur Electric Power Company (Sepco), Peshawar Electric Supply Company (Pesco), and Hazara Electric Supply Company (Hazeco).…

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Sindh is the only province to have completed 1,450 development schemes, Nasir Shah

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Nasir-Shah

We oppose the federal tax on solar systems, Nasir Shah KARACHI (): Sindh Minister for Energy, Development, and Planning Syed Nasir Hussain Shah stated that Sindh is the only province that has completed 1,450 development schemes. He criticized the federal government for failing to allocate any major development project for Karachi since 2013. In contrast, he noted that Mustafa Kamal himself acknowledged that Asif Ali Zardari contributed the highest amount for Karachi’s development, which is now part of the city’s historical record. He emphasized that while Karachi makes a major…

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Federal budget 2025 – 26FPCCI Rejects Excessive Authorities Given to Tax Officials Atif Ikram Sheikh, President FPCCI

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Federal budget 2025

Karachi: Mr. Atif Ikram Sheikh, President FPCCI, has informed that FPCCI rejects the excessive, overly-subjective and harassment-prone authorities given to the tax officials in the Federal Budget 2025 – 26. We also reject the authority of the taxmen enabling them to withdraw from the business accounts and raid the business premises without a notice, he added. Atif Ikram Sheikh demanded that the federal government must take back these harsh measures, before the federal budget is passed to have the confidence of the business community. He added that the tax collection…

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Pakistan Showcases Mining Sector Reforms at St. Petersburg International Economic Forum, Attracts Global Investor Interest

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Pervaiz-Malik

Federal Minister for Petroleum,Ali Pervaiz Malik, presented the country’s transformative mining sector reforms during a high-level panel discussion titled “The Responsibility of World Leaders for Mineral Reserves and Production for the Sustainable Development of Global Economy” at the St. Petersburg International Economic Forum (SPIEF) 2025. The minister highlighted Pakistan’s recently launched Mining Framework Policy and the completion of Feasibility Study of Reko Diq Mine as key milestones in creating an investor-friendly environment for sustainable mineral development. He underscored the success of Pakistan Minerals Investment Forum that took place in Islamabad…

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Pakistan Russia Energy Ministers Advance the Energy ties, Minister Ali Pervaiz invites Russian Company to invest in Minerals

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New-Project38

The Federal Minister for Energy Mr. Ali Pervaiz Malik, is visiting Russia, leading a delegation to participate in International Economic Forum 2025 being held in St. Petersburg, Russia from 18-21 June 2025. 2.    On the sidelines of the forum, the Minister held meetings with his counterpart and Chair of Pakistan-Russia Inter Governmental Commission (IGC) and Minister of Energy Mr. Sergei Tsivilev. During the meeting both sides held detailed discussions on areas of cooperation between two countries including energy, connectivity, trade and investment, banking and insurance, mining and people to people…

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