How much did power companies cost the national exchequer in just one year?
Listen to article KARACHI: Pakistan’s power distribution companies (DISCOs) have inflicted a staggering loss of over Rs196 billion on the national exchequer in just one year, according to the Auditor General of Pakistan’s report for the fiscal year 2023-24. The audit report highlights that eight DISCOs exceeded the loss limits set by the National Electric Power Regulatory […]
PM Shehbaz Sharif arrives in Karachi for two-day visit, meets Sindh chief minister
Prime Minister Shehbaz Sharif landed in Karachi for a two-day visit and after his arrival held a one-on-one meeting with Sindh Chief Minister Murad Ali Shah at the Chief Minister’s House. According to the Chief Minister’s House spokesperson, the meeting focused on various federal and Sindh-related issues, including political, social, and economic matters. Discussions covered ongoing […]
UK boosts military presence to protect Israel in Mediterranean, Middle East
LONDON: Continuing its weapon and intelligence support for Israel’s attacks in Gaza, the UK is on alert amid reported preparations for retaliation by Iran and its allies following last week’s assassination of Hamas Political Bureau Chief Ismail Haniyeh. As Israel-Iran tensions point to a possible war, the UK, pledging to protect Israel since the Gaza […]
Elon Musk’s unverified US Election claims accumulate 1.2 billion views on X: report
Misleading or false claims about the US elections made by Elon Musk have garnered nearly 1.2 billion views on X, a recent analysis has revealed. A report published by the Center for Countering Digital Hate (CCDH) on August 8 has given comprehensive details of the the tech billionaire Elon Musk’s posts that were shared by without […]
Bushra Ansari defends ex-husband amid criticism
Veteran Pakistani actress Bushra Ansari recently opened up about her stance on defending her former husband, Iqbal Ansari, against criticism. During a recent appearance on a private TV channel’s morning show, where she was joined by her daughter, Bushra discussed various aspects of her career, personal life, and her relationship with her ex-husband. Bushra Ansari […]
Stocks rally on strong corporate results – Business
KARACHI: Amidst political and economic uncertainty, the stock market staged a robust rally on Thursday, supported by better corporate results and falling yields on treasury bills. Ahsan Mehanti of Arif Habib Corporation said the market surged as investors weighed up to 54 basis points cut in the yields of different tenors of the treasury bills […]
Imam Masjid-i-Nabvi praises Pakistan’s pivotal role in Muslim world
Dr Salah bin Mohammad Al-Budair, the Imam of Masjid-e-Nabvi (PBUH), met with Chief of Army Staff (COAS) General Qamar Javed Bajwa at the General Headquarters (GHQ) in Rawalpindi today, the military said in a statement. During the visit, according to Inter-Services Public Relations (ISPR), both dignitaries discussed various matters of mutual interest, reflecting on the strong and […]
Balochistan must exploit renewables’ potential, says World Bank – Business
ISLAMABAD: Balochistan should harness its vast potential of variable renewable energy (VRE) to create a surplus of electricity that can be exported to other provinces or internationally, reducing its reliance on power imports, suggests a World Bank study released on Thursday. The Balochistan Renewable Energy Development Study notes that the existing import connection lines can […]
Nepra hikes power tariff by Rs2.56 per unit – Business
ISLAMABAD: Amid rising electricity bills, the National Electric Power Regulatory Authority (Nepra) has announced an increase in electricity tariffs by Rs2.56 per unit, resulting in an additional collection of over Rs33 billion from consumers in August. The tariff hike was revealed on Thursday as part of the monthly fuel cost adjustment (FCA) for June. These […]
Pakistan rejects claims of supplying Shaheen missiles to Iran
Pakistan’s Foreign Office has categorically denied reports claiming that Islamabad is planning to supply Shaheen ballistic missiles to Iran. In a weekly briefing, FO spokesperson Mumtaz Zahra Baloch stated that there is no truth to these allegations. During the briefing, Baloch highlighted Pakistan’s active participation in regional and international matters. She mentioned that the Deputy Prime […]