The Economic Coordination Committee (ECC) on Tuesday formally approved subsidy-neutral discounted electricity rates for incremental consumption during the winter months (December to February) to stimulate power usage amid high tariffs and economic downturn. The initiative — which applies to residential, commercial and industrial consumers — is expected to increase consumption by up to 16 pe
The National Assembly Standing Committee on IT & Telecom questioned the authority of the Pakistan Telecommunication Company Ltd (PTCL) to sell its properties since the board of directors was not the owner of the company. The committee meeting in the Parliament House sought answers to several queries from the state-owned largest telecom company, including the board’s powers under the sale purcha
Pakistan’s corporate sector donated about Rs23.65 billion for various social sector causes in 2023, up 41 per cent over Rs16.76bn in 2022, according to the Pakistan Centre for Philanthropy (PCP). In its latest Corporate Philanthropy Report, the PCP said the Public Listed Companies (PLCs) contributed the largest share of Rs17.69bn while Public Public Unlisted Companies (PUCs) and Private Ltd Com
Internet service providers (ISPs) and software houses have warned that restrictions on the internet and Virtual Private Networks (VPNs) would become an “existential threat” and alienate segments of society. The statements have criticised the purge on VPNs — used by businesses and individuals — and the decision to ban unregistered proxies by the end of this month. Shahzad Arshad, the chairman
Prime Minister Shehbaz Sharif has announced strict action against sugar millers and dealers involved in tax fraud, undocumented sales, and price increases. According to a PM Office press release issued on Tuesday, the premier directed a detailed analysis of the sugar sector to reduce sales tax evasion and pricing control to benefit customers. The premier believes that sugar mills are primarily