Move follows Power Division’s request to review rules after concerns over impact on consumers The National Electric Power Regulatory Authority (Nepra) on Tuesday scrapped fees and restored a licensing exemption for solar consumers with systems under 25 kilowatts (kW). According to a notification issued today, under the revised framework, no fee or licence will be…
ISLAMABAD: Federal Minister for Power Sardar Awais Ahmed Khan Leghari has briefed a visiting European Union delegation on the comprehensive transformation under way in Pakistan’s power sector, highlighting four strategic areas for modernisation and inviting European investors to participate in the country’s ongoing privatisation and infrastructure initiatives, according to a statement issued on Monday. The…
Special Economic Zones contributed 3.7% to exports; govt aims to raise share to 8% by 2028, officials brief PM Prime Minister Shehbaz Sharif chairs a review meeting in Islamabad today on measures to promote investment. PHOTO: RADIO PAKISTAN Prime Minister Shehbaz Sharif on Tuesday directed authorities to provide “all necessary facilities” to both domestic and…
The stunning loss of the longstanding OPEC member could create disarray and weaken the group A woman passes by a logo of Organization of the Petroleum Exporting Countries (OPEC) during the United Nations climate change conference COP29, in Baku, Azerbaijan November 13, 2024. Photo: Reuters The United Arab Emirates said on Tuesday it quit the…
ISLAMABAD: Pakistan has made national security, spectrum management and security requirements essential components of the framework to launch satellite-based internet services in the country. The regulatory framework for launching satellite internet has entered its final stages, and the federal cabinet will approve the licensing framework for fixed satellite services (FSS). Federal Minister for IT and…
Aurangzeb says current account surplus was a little over USD1b in March this year Finance Minister Muhammad Aurangzeb on Tuesday said Pakistan’s economic growth will be about four per cent this fiscal year while speaking at the EU-Pakistan High Level Business Forum in Islamabad, according to Radio Pakistan. He noted that this represents a significant…
By helping the world reduce oil prices from the $150-$200 range and saving hundreds of billions in import bills and high interest expense, Pakistan has earned its seat at the table. photo: REUTERS Stocks held their ground and oil rose on Tuesday as investors weighed the stalemate in the Iran conflict, while the yen was…
Tokyo, Hong Kong, Shanghai and Sydney led losses, though there were gains in Seoul, Singapore, Taipei and Jakarta Oil prices edged up and stocks wavered on Tuesday as Donald Trump weighed an Iranian proposal that would reportedly reopen the Strait of Hormuz and end the eight-week-old war. Investors were also gearing up for key central…
KARACHI: The Pakistan Stock Exchange (PSX) witnessed a subdued trading session on Monday as investors remained cautious ahead of the State Bank of Pakistan’s (SBP) monetary policy announcement. The benchmark index opened on a dull note and traded within a narrow range throughout the session, reflecting a clear wait-and-see approach across the board. The index…
ISLAMABAD: Federal Minister for Climate Change Musadik Malik held a meeting with Global Green Growth Institute (GGGI) Country Representative Laura Jalosjoki to discuss climate financing and strategic planning, according to a statement on Monday. Jalosjiki briefed the minister on how GGGI can support Pakistan in developing institutional and financial frameworks to access climate financing. She…