Category: Shortcode

ISLAMABAD: Flabbergasted by the non-compliance of its orders and the rising fuel costs, the National Electric Power Regulatory Authority (Nepra) on Thursday expressed concern that the impact of fuel costs for February consumption actually meant a Rs7.63 per unit tariff increase, instead of the Rs5 per unit sought by power companies in their petitions.At the same time, the regulator advised the government to restructure its tariff regime, under which industrial sector was paying about Rs8 per unit higher rate to provide about Rs244 billion annual subsidies to domestic consumers.“It is…

Govt decides to install smart meters on transformers under PSDP n Shehbaz Sharif lauds Pakistan Navy for safeguarding country’s maritime interests n APNS delegation calls on PM n Shehbaz Sharif assures to resolve issues faced by journalist community. ISLAMABAD  –  Prime Minister Shehbaz Sharif Thursday chaired a high level meeting to control electricity theft and directed the con­cerned authorities to take immediate disci­plinary action against the officers besides awarding exemplary punishment for abetting the crime causing loss of billions of dollars. He said, it was their responsibility to create a…

·      Three new AI-powered solutions are added to Visa Protect suite to help block fraud ·      Among the newest services: a cutting-edge immediate payment fraud solution and expanded capabilities to mitigate fraud, agnostic to payment network ·      Growing usage across global services portfolio – Visa’s largest 265 clients now use an average of 22 of Visa’s value-added services products[1] Karachi, Pakistan – March 28, 2024 – Today, Visa (NYSE:V), a leader in digital payments, announced continued expansion of its global value-added services business with the addition of three new AI-powered risk and fraud prevention solutions. The new products, part of…

ISLAMABAD: Private Power & Infrastructure Board (PPIB) is said to have developed new arrangements for Category-III wind projects in Thatta, according to which K-Electric (KE) will purchase 300-MW electricity using its own transmission network, well informed sources in NEPRA told Business Recorder. This was revealed by Managing Director, PPIB, Shah Jahan Mirza in a letter to Chairman National Electric Power Regulatory Authority (Nepra), Waseem Mukhtar. According to sources, Managing Director stated that pursuant to the CCoE decision of February 27, 2019, subsequently approved by the Council of Common Interests (CCI) under…