Category: Shortcode

World Water Day 2024: Water Scarcity in Pakistan Is a Gendered Issue

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water-karachi

Water scarcity is a deeply gendered issue that disproportionately burdens women, particularly in regions like Pakistan. Over a year ago, Pakistan made global headlines as catastrophic flooding tore through the country, resulting in displacing over 33 million people and unimaginable damage. After flooding destroyed villages and critical infrastructure, millions now face either unsafe drinking water or live in severely water-scarce regions. The climate change-induced water insecurity has led to other social crises that often go unnoticed. It has heightened the vulnerability of women to gender-based violence as they strive to…

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Power, gas theft: FIA asked to launch ‘massive’ crackdown

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gas-prices

ISLAMABAD: Interior Minister Mohsin Naqvi on Thursday directed the Federal Investigation Agency (FIA) to launch a massive crackdown across the country on electricity and gas thieves.The interior minister after presiding over a meeting tweeted that there will be no discrimination during the campaign. “All responsible will be put behind bars”, he said, adding that this proactive initiative aims to curb the rampant theft of essential utilities, ensuring fair distribution and access for all citizens.Meanwhile, the minister also issued directions to the FIA to take action against human smuggling.The FIA officials…

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MYT components and other adjustments: Six Discos seek Rs5 raise in tariff

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power-sector

ISLAMABAD: Six power Distribution Companies (Discos) have sought increase in tariff of about Rs5 to recover about Rs750 billion, from their consumers for the year 2024-25 under indexation of Multi-Year Tariff (MYT) components and other adjustments.According to the petitions, filed with the National Electric Power Regulatory Authority (NEPRA), Quetta Electric Supply Company (QESCO) has submitted revenue requirement of Rs236.945 billion, Gujranwala Electric Power Company (GEPCO), Rs376.204 billion at tariff rate of Rs3.31 per unit, Multan Electric Power Company (MEPCO), Rs160.823 billion, Tribal Areas Electric Supply Company (TESCO), Rs92.079 billion, Sukkur…

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Economic indicators improve on $3b IMF SBA

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IMF-board

Research house says indicators suggest that overheated economy has stabilised KARACHI:Pakistan’s economic indicators have significantly improved under the ongoing International Monetary Fund (IMF) Stand-By Arrangement (SBA) of $3 billion, suggesting that economic activities have stabilised and are ready to enter a growth phase ahead of the new loan package from the lender.In its latest monthly update released on Thursday, Topline Research reported that the country’s key economic indicators, including the current account deficit (CAD), debt and liabilities, foreign exchange reserves, inflation reading, and rupee-dollar parity, improved in February 2024.The report…

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Macroeconomic stability unachievable without another IMF programme: PM Shehbaz

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IMF-board

Prime Minister Shehbaz Sharif on Thursday said that macroeconomic stability in the country needed to be advanced further, which he said would not be possible without another bailout programme with the International Monetary Fund (IMF).A day ago, while announ­c­ing the staff-level agreement (SLA) on the successful completion of an existing short-term facility, the IMF had confirmed that Pakistan was seeking a 24th medium-term bailout package for a permanent push towards longstanding structural reforms.In its end-of-mission statement, the IMF had said that subject to the approval of its executive board, the staff-level agreement would enable…

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