Category: Shortcode

PM Lauds $20bn World Bank Partnership to Drive Economic Growth and Resilience

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world-bank

ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday hailed the $20 billion Country Partnership Framework (CPF) with the World Bank as a groundbreaking initiative to address Pakistan’s developmental challenges and boost economic growth. Speaking at the launch ceremony, he described the decade-long collaboration as a transformative partnership promoting employment, IT-led development, and climate resilience. The prime minister emphasized that the CPF is designed to foster growth, economic stability, and technological progress. He commended the World Bank’s support in hydropower, water management, and economic reforms, calling the framework a timely intervention to…

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Senate Committee Highlights Energy Sector Challenges, Calls for Reforms

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Wind-Power

KARACHI: The Senate Standing Committee on Petroleum held a pivotal meeting at the Pakistan State Oil (PSO) headquarters on Thursday to address the pressing challenges facing the country’s energy sector. PSO Managing Director Syed Muhammad Taha emphasized the urgency of empowering the company’s board of management with regulatory powers to ensure its sustainability and competitiveness. Highlighting the severity of the circular debt crisis, he revealed that 14% of PSO’s circular debt equates to its EBITDA for FY23. He further outlined critical issues, including trapped equity, price competition, investment stagnation, and…

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Mari Energies Clarifies False News of Fire at Daharki Plant

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New-Mari1

Mari Energies Limited has issued a clarification regarding the false news circulating on social media about a fire at their Daharki plant. The company has confirmed that no such incident has occurred at any of its sites. As a responsible and transparent organization, Mari Energies assures the public and stakeholders that their operations continue to adhere to the highest safety standards. In a statement, the company emphasized its commitment to transparency and will continue to provide accurate and timely information. MariEnergies has requested the relevant authorities to share this clarification…

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Consumers Likely to Receive Extended Installment Options for Electricity Bills

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New-NEPRA

Islamabad: Efforts are underway to ease the financial burden on electricity consumers across the country. The National Electric Power Regulatory Authority (NEPRA) has proposed allowing consumers to pay their electricity bills in multiple installments within a single fiscal year. This initiative aims to address consumer difficulties while balancing the revenue requirements of distribution companies (DISCOs). NEPRA has also recommended amendments to the Consumer Service Manual (CSM) and invited feedback from stakeholders within seven days regarding the proposed changes. According to the documents, consumers will not incur markup charges if the…

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Indian Foreign Minister: No Talks on Trade with Pakistan in the Past Year

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New-Project24

Washington: Indian Foreign Minister S. Jaishankar stated during a press conference at the Indian Embassy in Washington on Wednesday that there have been no discussions on trade with Pakistan over the past year. He clarified that it was Pakistan, not India, that decided to halt trade back in 2019. Jaishankar added that India had granted Pakistan “Most Favored Nation” (MFN) status, but Pakistan never reciprocated by granting the same status to India. On the issue of drug trafficking, Jaishankar accused Pakistan of being a source of significant quantities of narcotics…

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