Category: Shortcode

Nepra appellate tribunal officials: Panel formed on conversion of pay scales

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Nepra-Act

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar has constituted a four-member panel on conversion of the pay scale from MP-1 scale to last pay drawn of Chairman and MP-II to MP-1 scale of members of Nepra appellate tribunal, official sources told Business Recorder. The caretaker Prime Minister took this decision on a proposal of Ministry of Law and Justice in which the latter had proposed changes in package of Chairman and Members of Nepra Appellate Tribunal. Ministry of Law and Justice explained that Nepra Appellate Tribunal, Islamabad was established under Section 12A…

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Pakistan plans to raise power capacity by 40pc in eight years, shift to renewables

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lng-usa

LAHORE: Pakistan is planning to boost its installed power generation capacity by 40 percent in the next eight years, as it seeks to meet the growing demand for electricity and shift to cleaner sources of energy. The country aims to increase its power capacity from 45 gigawatts to 63 gigawatts by 2031, according to an official document. The plan, which is under the Special Investment Facilitation Council (SIFC), is based on a projected 5 percent average annual growth in the next eight years. By 2025, Pakistan plans to enhance installed…

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Electric bikes gain traction

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Electric-bikes

Experts urge govt to formulate comprehensive policy for EVs KARACHI: Electric bike assemblers and dealers in Pakistan are striving to make electric two-wheelers more appealing than the decades-old 70cc petrol versions, with an ultimate goal of replacing combustion engines in a few years. However, questions about the viability of these electric bikes persist due to the lack of proper infrastructure in both urban and rural areas. While electric bikes have been gaining popularity in countries like India, China, Thailand, Vietnam, and Malaysia due to rising fuel costs and environmental concerns,…

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Pakistan eyes $600m Chinese loans

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IMF-Funds

Negotiations at advanced stage, financing may be released by next month ISLAMABAD: Pakistan has sought $600 million in fresh loans from two Chinese banks to bridge a big financing gap and also bets on successful completion of International Monetary Fund (IMF) talks for improvement in its credit rating to borrow from non-Chinese foreign banks. Sources told The Express Tribune that the federal government was in negotiations with the Industrial and Commercial Bank of China (ICBC) and the Bank of China for a total loan of $600 million. Each bank has…

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Discos to seize appliances, impose fines for power theft

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power-fleet

ISLAMABAD: The government has decided to allow electricity distribution companies (Discos) to confiscate electric appliances and equipment besides imposing heavy penalties like ‘detection bills’ equivalent to five years of power consumption against consumers and premises found in electricity theft to make up for the energy losses. The government has sent its decision to the National Electric Power Regulatory Authority (Nepra) for amendments to the Consumer Service Manual (CSM) for notification and implementation. The regulator is expected to wind up the process within a month based on comments from the stakeholders in 10…

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