Category: Shortcode

Mansha Brothers holds event to showcase latest range of business communication products of NEC

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NFC-Project

Karachi Mansha Brothers, a renowned name in the technology industry, proudly announced the launch of their latest line of NEC products at a grand event held here recently at a five-star hotel. The event was marked by the presence of distinguished guests and media, insightful speeches, and a comprehensive product showcase, highlighting the brand’s commitment to pushing the boundaries of innovation and connectivity in the business communication sector. The evening commenced with an engaging guest registration process, setting the stage for an evening of technological revelations. The master of ceremonies,…

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Private firms seek power distribution licences

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power-supply

ISLAMABAD: With the expiry of exclusivity of the existing distribution companies (Discos) and K-Electric, private entities have started seeking distribution licences for the supply of electricity to bulk power consumers (BPCs) at the retail stage. The exclusive distribution licences of all the public sector Discos of formerly Wapda and KE have already expired and now are operating on temporary extensions or are on the verge of expiry. Most of the Discos still want their exclusivity to remain intact while some others like KE are willing to give up exclusive jurisdiction…

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Cut in GST, withholding tax out of question: Govt links power bills relief with IMF nod

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Tax

ISLAMABAD: The caretaker federal cabinet Tuesday decided to take the IMF on board on its decision to provide relief to power consumers against the inflated bills setting off countrywide demonstrations. The cabinet met here with Prime Minister Anwaar-ul-Haq Kakar in the chair. After attending the cabinet meeting, caretaker Information Minister Murtaza Solangi said the government would announce the decision after taking the IMF on board within the next few hours. “Caretaker Finance Minister Dr. Shamshad Akhtar is in contact with the IMF officials in this connection,” said a statement issued…

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Experts call for sustained energy policies to provide cheap, reliable electricity

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power

KARACHI: Pakistan needs to adopt sustained and consistent energy policies to provide cheap and reliable electricity to its people, a panel of experts and stakeholders said on Tuesday. The panel discussion, organized by the Policy Research Institute for Equitable Development (PRIED), focused on the challenges and opportunities of using solar power in high-loss feeder areas, where load shedding and electricity theft are rampant. Abu Bakar Ahmed, secretary of Sindh government’s energy department, said that the country had failed to do long-term planning in the energy sector and had relied on…

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Power sector debt: FPCCI urges government to negotiate with private power producers

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electricity price increased

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the government to prepare a better strategy for dealing with the circular debt of the power sector, instead of excessively burdening the consumers. The FPCCI on Tuesday said that the government should negotiate with the power plants to increase the debt payment period to reduce the capacity component in the power tariff. FPCCI President Irfan Iqbal Sheikh said that Pakistani households and businesses were facing mounting power prices, and NEPRA’s FY24 price forecast for power purchase revealed…

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