With a five per cent decrease in power consumption in July over last year, the public sector distribution companies (Discos) have sought a Rs1.69 per unit refund for consumers due to lower fuel costs, driven by better hydrological conditions. If approved, the refund could amount to approximately Rs23 billion, which would be reflected in August bills. The National Electric Power Regulatory Au
Audit objections to the tune of Rs28.62 billion have been raised in the Auditor General of Pakistan’s 2023-24 report pertaining to the National Disaster Management Authority (NDMA), while the recovery amount is about Rs2.65 billion during the same period, said the classified summary of the audit objections. The audit report also indicated there was significant public dissatisfaction with the pe
Audit objections to the tune of Rs28.62 billion have been raised in the Auditor General of Pakistan’s 2023-24 report pertaining to the National Disaster Management Authority (NDMA), while the recovery amount is about Rs2.65 billion during the same period, said the classified summary of the audit objections. The audit report also indicated there was significant public dissatisfaction with the pe
The Federal Investigation Agency has arrested a suspect involved in illegal currency exchange and hundi/hawala operations, recovering millions in foreign currency. A spokesperson for the FIA said on Thursday that during a recent operation, a suspect named Shabbir Ahmed was arrested, and authorities recovered $5,100, 20,100 afghanis, over 34.1 million Iranian rials, and more than Rs1.5m Pakistan
Commerce Minister Jam Kamal Khan held productive discussions with Bangladesh’s Adviser for Industries Adilur Rahman Khan in Dhaka on Thursday to explore avenues for industrial cooperation between the two countries. The two countries were once one nation but split following a bloody civil war, which saw the territory previously referred to as ‘East Pakistan’ seceded to form the independent natio