The Power Division has opposed any move to burden electricity consumers with Rs170 billion in net hydel profit (NHP) arrears owed to provinces and urged delinking these payments from the electricity tariff. Alongside the Sindh government, the Power Division has also rejected proposals to transfer hydropower assets — including dam-based and run-of-the-river plants — to provincial control. Both a
The Cabinet Committee on Regulatory Reforms concluded a series of meetings on Thursday, finalising the first package of reforms aimed at reducing compliance burdens, eliminating outdated procedures, and improving the ease of doing business. Chaired by Minister for Investment Qaiser Ahmed Sheikh, the committee held three meetings to review 136 reform proposals submitted by the Board of Investmen
Low interest rates continued to attract buyers towards auto financing, with outstanding car loans rising to Rs276.6bn by the end of June — up from Rs271.2bn in May — marking the seventh consecutive month of growth, according to data released by the State Bank of Pakistan (SBP). Despite the recent upward trend, the current volume remains well below the peak of Rs368bn recorded in June 2022. T
Prime Minister Shehbaz Sharif on Thursday directed the relevant authorities to present a policy framework by the end of this month for the provision of easy loans to farmers engaged in medium and small-scale agricultural activities. In June, the prime minister reaffirmed his government’s commitment to revitalising the agriculture sector, urging relevant authorities to reduce the tax burden on t
Over 65 US companies joined a landmark webinar on Wednesday to explore commercial opportunities at Karachi Port and Port Qasim. The webinar hosted by the US Department of Commerce’s International Trade Administration and the US Department of State, in collaboration with the Ministry of Maritime Affairs, part of the ‘Gateways to Growth: South Asia Port Opportunities’ series, has opened new doors