Prime Minister Shehbaz Sharif formally unveiled the National Economic Transformation Plan 2024-29 on Tuesday called “Uraan Pakistan: Homegrown National Economic Plan”, with the promise to revive the country’s economy. The five-year plan aims to address key economic challenges through a targeted framework called the “Five Es” — Exports; E-Pakistan; Equity and Empowerment; Environment, Food
The government announced on Tuesday that electricity tariffs for January 2025 will see a slight increase compared to December 2024, despite lower-than-expected fuel costs. The adjustment comes as part of an early rebasing of the national tariff regime and changes in peak and off-peak timings. At a public hearing presided over by National Electric Power Regulatory Authority (Nepra) Chairman Wase
The government on Tuesday raised the prices of petrol and high-speed diesel (HSD) by 56 paise and Rs2.96 per litre, respectively, effective immediately for the fortnight ending Jan 15. On the other hand, the Oil and Gas Regulatory Authority (Ogra) notified a reduction in liquefied petroleum gas (LPG) prices by Rs4.01 per kg, or 1.58 per cent, for January. In a late-night announcement, the M
The Competition Commission of Pakistan (CCP) imposed penalties worth Rs275 million on companies involved in anti-competitive practices during 2024. In a statement, the regulator said these actions underscored CCP’s efforts to ensure fair competition in the market. The penalised companies were found guilty of cartelisation, collusion, and deceptive marketing in various sectors, includ
Pakistan and the Asian Development Bank (ADB) on Tuesday signed an agreement to provide $200 million support to the country’s ailing power distribution system through network improvement. The ADB board of directors approved the loan on Dec 10 to initially support three power distribution companies of Lahore, Multan and Sukkur — Lesco, Mepco and Sepco — through advanced metering infrastructure,