Tag: Energy

ISLAMABAD: The federal government has appointed Humaira Zia Mufti, Additional Secretary (AS-I) at the Ministry of Industries and Production, as Ex-Officio Director and Chairperson of Pakistan Engineering Company Limited (PECO) with immediate effect. The appointment was announced by PECO in a notice submitted to the Pakistan Stock Exchange (PSX) on Monday. According to an official notification issued by the Ministry of Industries and Production, the Secretary of the ministry has nominated Humaira Zia Mufti to represent the Government of Pakistan on the PECO Board as its Ex-Officio Director and Chairperson.…

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KARACHI: Jamaat-i-Islami (JI) has urged Prime Minister Shehbaz Sharif to immediately release the remaining Rs40 billion required for the completion of the first phase of the long-delayed K-IV water supply project, warning that Karachi’s worsening water crisis demands urgent federal intervention. In a letter addressed to the prime minister, JI Karachi chief Monem Zafar expressed concern over reports presented before a National Assembly committee indicating that the first phase of the K-IV project—expected to provide 260 million gallons of water per day (MGD) to Karachi—is now scheduled for completion only…

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ISLAMABAD: The federal government is considering reintroducing fuel conservation and austerity measures as early as this week or next, amid renewed tensions in the Middle East that have pushed up global oil prices and increased pressure on Pakistan’s foreign exchange reserves. Officials said Prime Minister Shehbaz Sharif has already held discussions on reviving the measures, with the proposal expected to be taken up by the federal cabinet for formal approval. The move comes as the government has introduced a new petroleum pricing schedule under which retail prices of petrol and…

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FAISALABAD/LAHORE: The Federal Investigation Agency (FIA) has launched a major investigation into an alleged Rs12 billion electricity fraud, registering a case against four former chief executive officers of the Faisalabad Electric Supply Company (FESCO), the chief executive and five directors of two local industrial companies for allegedly causing massive losses to the national exchequer through fraudulent power transactions. According to the FIA, two former FESCO chief executives—Khurshid Alam and Ahmad Saeed Khan—have been arrested, while one of the directors of the industrial companies was detained at Lahore Airport. A local…

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EAST RUTHERFORD, United States: Spain claimed their second FIFA World Cup title on Sunday after defeating defending champions Argentina 1-0 after extra time, with Ferran Torres scoring the decisive goal to end Lionel Messi’s dream of a fairytale farewell on football’s biggest stage. Torres struck in the 106th minute, firing home from close range after Nico Williams headed Pedro Porro’s cross into his path, capping a dominant Spanish performance at MetLife Stadium before a crowd of 80,663, which included US President Donald Trump. The victory marked Spain’s second World Cup…

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