Power Division responds to reports of ban on two electricity meters
The Power Division has categorically denied reports circulating on social media claiming that the government had imposed a ban on installing more than one electricity…
Business
SSGC announces gas supply schedule for Eid ul Adha
The Sui Southern Gas Company (SSGC) has announced a gas supply schedule for Eid ul Adha. In a statement on Thursday, the SSGC said the…
Nepra reduces KE tariff by Rs2.9 per unit under FCA
The National Electric Power Regulatory Authority (Nepra) on Thursday notified a Rs2.98 per unit refund to the K-Electric consumers under the provisional monthly fuel charge…
ADB approves $800 million loan for Pakistan
The Asian Development Bank (ADB) has approved $800 million loan for Pakistan. According to the ADB’s official statement, the amount for Pakistan has been approved…
KE outlines investment plans during PSX session
K-Electric (KE), Pakistan’s only vertically integrated electric utility, reiterated its commitment to dependable and sustainable energy at its corporate briefing session held at the Pakistan…
Tax on bank deposit earnings likely to go up by 2%
To offset potential revenue losses from proposed tax relief for the salaried class and other sectors, the Federal Board of Revenue (FBR) is considering a…
IMF, Pakistan close to agreement on tax relief for salaried class in budget
Pakistan and the International Monetary Fund (IMF) are edging closer to an agreement on proposed tax relief for the salaried class in the upcoming 2025–26…
IMF objects to Pakistan’s 2,000MW power allocation for crypto mining
The International Monetary Fund (IMF) has raised concerns over Pakistan’s plan to allocate 2,000 megawatts (MW) of electricity for cryptocurrency mining. According to sources, the…
SBP clarifies legal status of virtual assets
The State Bank of Pakistan (SBP) issued a clarification regarding cryptocurrencies labeled as ‘illegal’ in Pakistan, stating that its 2018 advisory did not classify virtual…
Petrol, diesel rates likely unchanged or slightly lower
The price of petrol is likely to go down by Rs0.60 per litre and high-speed diesel (HSD) by Rs0.28 per litre, industrial and official sources…