ISLAMABAD: All the power distribution companies (Discos) including K-Electric showed poor performance during 2022-23 against set targets, resulting in cumulative financial losses of about Rs1 trillion a year and adding more than Rs350 billion to the circular debt. Based on performance evaluation reports (PERs) of the Discos including KE, the National Electric Power Regulatory Authority (Nepra)
Days after ordering a probe into the record fuel cost adjustment (FCA) demanded by distribution companies, the power regulator approved the hike, which will put an additional strain of Rs55 billion on electricity users. In a remarkable turnaround on its proclamations, the National Electric Power Regulatory Authority (Nepra) notified the additional fuel cost adjustment (FCA) of Rs7.06 per uni
What did not appear so pronounced in politics has surfaced in the recent split electorate mandate: people’s urge for self-governance. An analyst says that the public has reclaimed the grounds that rightly belong to them by defying the chronic status quo and the culture of dread. In the economic field, as evidenced by the mobility of labour, an increasing number of people are improving their liv
In the face of numerous upheavals over the past four years, the global economy has demonstrated unexpected resilience. Despite the swiftest surge in interest rates in four decades, major economies are largely emerging unscathed, devoid of the typical aftermath of high unemployment rates or financial crises. Global inflation is being managed without plunging the world into recession, a feat unco
The journey from boom to busts can be rather quick, as we Pakistanis know all too well. However, in the last couple of years, the tech industry has also come to this realisation after a long period of what seemed like reality-defying invincibility at one point. From $648.6 billion of venture capital in 2021, global fundraising went to $248.4bn in 2023, marking a strong correction in the market. An