Category: Shortcode

WAPDA House Celebrates Independence Day with Flag Hoisting Ceremony

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WAPDA-House

LAHORE: To mark Pakistan’s Independence Day with patriotic zeal, a flag hoisting ceremony was held at WAPDA House in Lahore. The ceremony was led by WAPDA Member (Finance) Naveed Asghar Chaudhry and Member (Power) Jamil Akhtar, who together raised the National Flag at the WAPDA Auditorium. The event commenced with the students from WAPDA Girls Higher Secondary School Chashma, who had traveled to Lahore specifically for the occasion, singing the National Anthem. The students also captivated the audience with stirring performances of milli naghmas. The ceremony saw a large turnout…

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Circular Debt: A Major Threat to Pakistan’s Economic Stability, Warns Mazhar Ali Nasir

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Mazhar-Ali

KARACHI : Syed Mazhar Ali Nasir, a central leader of the United Business Group and former Senior Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has raised serious concerns about Pakistan’s growing circular debt, labeling it as one of the most pressing challenges facing the economy. Speaking on the occasion of Pakistan’s Independence Day, Nasir highlighted that the circular debt has ballooned from PKR 400 billion in 2012 to a staggering PKR 2.5 trillion in 2024—a six-fold increase that is crippling the nation’s financial stability.…

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PM Shehbaz Vows Major Reduction in Power Tariffs

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Shahbaz-Sharif

Urges Youth to Focus on Skills, Warns Against Anti-State Activities ISLAMABAD: In a message marking Pakistan’s 78th Independence Day, Prime Minister Shehbaz Sharif announced plans for a significant reduction in electricity tariffs, aiming to alleviate the financial burden on citizens and boost the nation’s industry, agriculture, and exports. Addressing a ceremony in Islamabad, PM Shehbaz acknowledged that rising electricity bills have become a pressing concern and assured the nation that the government is working tirelessly to address the issue. He promised that the public would soon receive good news regarding…

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Pakistan and Russia Engage in Talks for LNG Trade by 2026

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LNG

ISLAMABAD: In a significant development, Russia has informed Pakistan that its LNG export terminals will be operational by 2026, paving the way for potential gas trade between the two nations. Both countries are actively exploring future LNG transactions, especially as Pakistan’s long-term LNG agreements with Qatar approach a critical price re-opening phase in 2026, according to a senior official from the Ministry of Energy. Pakistan has existing LNG agreements with Qatar, including a 15-year deal signed in 2016 and a 10-year deal signed in 2021, both of which include price…

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NTDC Boosts Power Capacity with New 250 MVA Transformer at Sheikhupura Grid Station

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ntdc-logo

LAHORE: The National Transmission and Despatch Company Limited (NTDC) has successfully enhanced the power transmission capacity at the 500 kV Grid Station Sheikhupura by installing a new 250 MVA autotransformer. The augmentation involved replacing the existing 160 MVA, 220/132 kV autotransformer (T-8) with the more powerful 250 MVA, 220/132 kV autotransformer. The Project Delivery (North) Lahore team completed the installation and energized the transformer ahead of the scheduled shutdown period, finishing three days earlier by deploying additional resources. This upgrade will significantly increase the loading capacity of the Sheikhupura grid…

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