Category: Popular News

Government committed to completing K-IV Project at the earliest: Minister

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k4-project

July 23, 2025: The Federal Minister for Water Resources Mian Muhammad Mueen Wattoo visited Greater Karachi Bulk Water Supply Scheme (K-IV Project) and reviewed the ongoing development works on the Project. Ms. Rana Ansar, Parliamentary Secretary for Water Resources, Syed Nasir Hussain Shah, Sindh Provincial Minister for Energy, Planning and Development, Nehal Hashmi and Chairman WAPDA Naveed Asghar Chaudhry also accompanied him. Member Water Syed Ali Akhtar Shah, GM/PD K-IV Project Amir Mughal and representatives of the Consultants and the Contractors were also present on the occasion. The Federal Minister visited in detail…

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President FPCCI Meets Field Marshal Syed Asim Munir NI (M) Along With Trade & Industry’s Delegation

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asim munir

Karachi: Atif Ikram Sheikh, President FPCCI; President ECO-CCI and VP CACCI, has said that FPCCI extends its deepest and most heartfelt gratitude to Field Marshal Syed Asim Munir, NI (M), for graciously meeting with the trade and industry delegation led by Dr. Gohar Ejaz, a prominent business man and former federal caretaker minister & SM Tanveer We salute the Field Marshal’s exemplary commitment to engagement with the business community – demonstrating both patience and concern for economic issues faced by the businesses and the people of Pakistan, he added. During…

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Audit Exposes Rs244 Billion Power Billing Scam Involving Eight DISCOs

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Power-sector

ISLAMABAD: A shocking audit by the Auditor General of Pakistan has uncovered a massive electricity overbilling scandal involving eight power distribution companies (DISCOs), defrauding consumers of Rs244 billion during the 2023–24 fiscal year. The report reveals that Islamabad Electric Supply Company (Iesco), Lahore (Lesco), Hyderabad (Hesco), Multan (Mepco), Peshawar (Pesco), Quetta (Qesco), Sukkur (Sepco), and Tribal Areas Electric Supply Company (Tesco) overbilled consumers to conceal line losses, electricity theft, and operational inefficiencies. In a single month, five of the companies overcharged 278,649 consumers by Rs47.81 billion. Over 900 million extra…

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Australia Eyes Return to Pakistan’s Mining Sector After Decade-Long Hiatus

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mineral-sector

ISLAMABAD: Australia is poised to re-enter Pakistan’s mining and mineral sector after more than a decade, with plans for direct investments, joint ventures, and institutional collaboration aimed at resource exploration, development, and skills enhancement. Australian High Commissioner Neil Hawkins met with Petroleum Minister Ali Pervaiz Malik on Monday to discuss expanding bilateral cooperation in energy and mining. Hawkins conveyed renewed interest from Australian mining companies in Pakistan’s mineral-rich regions—particularly Balochistan, Gilgit-Baltistan, and Azad Kashmir—and proposed joint training initiatives involving Australian universities, mining firms, and Pakistani institutions to develop local expertise…

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Pakistan’s Trade Deficit with Middle East Widens to \$13.97bn Amid Surging Fuel Imports

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petroleum-imports

ISLAMABAD: Pakistan’s trade deficit with the Middle East expanded by 7.37% to \$13.974 billion in FY25, up from \$13.014bn a year earlier, driven primarily by a sharp increase in petroleum imports. According to data from the State Bank of Pakistan, the widening deficit underscores the country’s continued dependence on energy imports from the region, while export growth to Middle Eastern markets remained subdued. Crude oil imports surged by 15% in volume during FY25, significantly impacting the trade balance. This marks a reversal from the previous fiscal year (FY24), when the…

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