Category: Shortcode

Karachi Business Leaders Announce Launch of ‘Air Karachi’ Airline

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Air-Karachi

Karachi Business Leaders Announce Launch of ‘Air Karachi’ Airline November 27, 2024 KARACHI – In a significant move, Karachi’s business community has unveiled plans to launch Air Karachi, a new airline aimed at boosting the city’s connectivity and economy. The announcement, led by prominent businessman Hanif Gohar at the Karachi Press Club, highlighted an initial investment of Rs 5 billion. Details of the Initiative:Registered with the Securities and Exchange Commission of Pakistan (SECP), Air Karachi awaits federal licensing to begin operations. The airline will initially operate with three leased aircraft…

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Adani’s Renewable Energy Dream Faces Turmoil Amid US Bribery Allegations

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clean-energy-1

NEW DELHI – Gautam Adani’s ambitious renewable energy project, a cornerstone of India’s clean energy goals, is under scrutiny following a US indictment accusing Adani and key executives of paying $265 million in bribes to secure power supply contracts in India. The Vision:Adani Green’s energy park in Gujarat, set to be five times the size of Paris, aims to produce 50 gigawatts by 2030—approximately 10% of India’s clean energy target. Described by Adani as a “symbol of sustainability and national pride,” the park is central to Adani Group’s $100 billion…

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Criticism Mounts Over Exclusion of Net-Metering from Winter Electricity Package

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NEPRA-KE

ISLAMABAD – Business and industry groups have criticized the government’s decision to exclude solar net-metered consumers from its winter electricity package, urging the authorities to ensure K-Electric passes the benefits to Karachi’s residents. During a public hearing by the National Electric Power Regulatory Authority (Nepra), stakeholders raised concerns about delayed implementation, with nearly 20 days of the three-month package already lapsed. Business representatives questioned the government’s decision to apply reduced rates retroactively. Key Points Raised:KE’s Role Under Scrutiny: Karachi Chamber of Commerce and Industry’s Tanveer Bari accused K-Electric (KE) of…

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Power Tariff to Rise by 26 Paise Per Unit in December: Nepra

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Power Division

ISLAMABAD – The National Electric Power Regulatory Authority (Nepra) announced on Tuesday that the negative fuel cost adjustment (FCA) requested by ex-Wapda distribution companies (Discos) would result in an effective tariff increase of 26 paise per unit in December. During a public hearing, Nepra revealed that while the Central Power Purchasing Agency (CPPA) proposed a reduction of Rs1.02 per unit for October’s FCA, the expiration of the current Rs1.28 per unit negative FCA in November would lead to the effective increase. Key Insights: Power Supply & Costs: October’s power supply…

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Celebrate Eid Al Etihad 53 in Dubai with Spectacular Experiences

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Eid-Al-Etihad

Dubai, UAE – Dubai is set to dazzle this Eid Al Etihad 53 with an exciting lineup of experiences, ensuring an unforgettable long weekend from November 28 to December 3. Visitors and residents can immerse themselves in the festive spirit with: Breathtaking Fireworks: Witness stunning displays illuminating Dubai’s skies on December 1, 2, and 3 across iconic city locations.Vibrant Cultural Shows: City Walk will host over 200 performers, including flag bearers, acrobats, and traditional bands, delivering a unique cultural extravaganza.Live Music Extravaganzas: Enjoy Jalsat Moments featuring Arabic singers at Coca-Cola…

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