The National Electric Power Regulatory Authority (Nepra) on Monday imposed a Rs100 million fine on Hyderabad Electric Supply Company (Hesco) for continuing excessive loadshedding on commercial grounds, violating laws and regulations. Nepra had earlier fined Hesco Rs50m in April 2024 for loadshedding based on aggregate technical and commercial (ATC) losses despite no shortfall in power generatio
The government has decided to establish a centralised customs assessment centre in Islamabad to process Goods Declarations (GDs) from across Pakistan under the faceless assessment framework. The move aims to reduce corruption and ensure fair treatment of genuine importers by replacing the current assessment unit based in Karachi. Member Customs Operations Shakeel Shah announced the plan duri
The federal government on Monday increased the high-speed diesel price by Rs2.78 per litre for the next fortnight. A notification from the Finance Division said the new HSD price was Rs272.77 per litre. Meanwhile, the petrol price was kept unchanged at Rs264.61. Previously, the government had kept the petrol price unchanged, while the price of HSD was reduced by Rs3 per litre. Petrol,
The firm last week decided to terminate its offer to acquire up to 66.4 per cent of K-Electric Ltd due to changes in Pakistan’s business environment. It added that since the planning of the “major asset purchase”, the company had strictly adhered to relevant laws, regulations, and normative documents, actively promoting the various tasks involved in this major asset purchase. “Given that the co
The State Bank of Pakistan (SBP) maintained its policy rate steady at 11 per cent on Monday for a third straight meeting as policymakers weighed inflation risks from flood-hit crops against a fragile economic recovery. After slashing the interest rate by 1,000 basis points (bps) from 22pc since June 2024 in seven intervals, the central bank has maintained it at 11pc since May. However, the busi