Connect with us

Latest News

Power theft: Pakistan “approves” the FIA personnel’ assignment to DISCOs

Published

on

The sources added that in response to the International Monetary Fund’s (IMF) request, action was taken to stop power theft and improve recovery.

The Power Division has received a letter concerning the deputation of FIA officers in five DISCOs, namely the Islamabad Electric Supply Company, Faisalabad, Gujranwala, Tribal Areas, and Quetta Electric Supply Companies.

FIA officers have already been assigned to the Hyderabad Electric Supply Companies, Sukkur Electricity Company, and Peshawar Electric Company.

Throughout the course of a nationwide campaign against power theft from March 24 to March 31, the Power Division recovered an additional Rs 1.50 billion, bringing the total amount recovered to Rs 84 billion.

In September 2023, the military leadership and caretaker government of Pakistan resolved to tackle power thieves nationwide in an effort to reduce losses in the electricity sector.

A nationwide drive on power pilfers has resulted in Pakistan recovering Rs 84 billion in fines, while since September 1, over 62,000 people have been arrested

Latest News

Maintaining Fertiliser Price Stability: The Need for a Continuous Gas Supply to the Fertiliser Sector

Published

on

By

To guarantee fertiliser price stability, a cabinet committee meeting was presided over by Senator Muhammad Ishaq Dar, the deputy prime minister.

Senior government officials, including Industries Minister Rana Tanveer Hussain, attended the meeting.

The attendees received an update on the government’s, gas suppliers’, and fertiliser industry’s conversations. Additionally, the gas supply for the fertiliser sector was evaluated and determined to be adequate.

Throughout the Rabi cropping season, the Deputy Prime Minister ordered the fertiliser industry to maintain a continuous gas supply in order to guarantee steady production and stock levels.

Continue Reading

Latest News

Fifth Straight Cut: PM Applauds SBP’s Policy Rate Reduction

Published

on

By

Prime Minister Muhammad Shehbaz Sharif has praised the State Bank of Pakistan’s decision to lower its policy rate by an additional 2 percent, stating that the bank’s current 13 percent rate is encouraging for the nation’s economy.

He expressed optimism in a statement that the policy rate cut would encourage investment and further boost investor confidence in the country’s economy.

The prime minister said that decreasing the inflation rate also lowered the policy rate and that future inflation rate reductions will be even more pronounced.

Additionally, he expressed gratitude to the Federal Finance Minister and other officials for their work in this area.

Continue Reading

Latest News

GHQ Attack Case: Prosecution Seeks Bail Cancellation of CM KP & Other Accused, Indicts 9 More

Published

on

By

25 defendants, including PTI officials, have non-bailable arrest warrants issued by the Anti Terrorism Court of Rawalpindi for their failure to show up for court proceedings related to the GHQ attack case.

Judge Amjad Ali Shah added nine more suspects to the GHQ attack indictment list during today’s ATC Court sessions, bringing the total to 98.

Among the 61 defendants who appeared in court were Shah Mehmud Qureshi and the founder of the PTI.

Among those charged are Khadim Hussain Khokhar, Mehr Mohammad Javed, Chaudhary Asif, Zakir Ullah, Azeem Ullah, Shireen Mazatri, Major Retired Tahir Sadiq, and former MPA Rashid Hafeez.

A plea to cancel the bail of 23 suspects, including Chief Minister Khyber Pakhtunkhwa, has also been filed by the prosecution side.

In the GHQ attack, there were 119 accused in total.

Continue Reading

Trending