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Cambridge leaked paper issue lands in NA Panel

Aftab Maken ISLAMABAD: The National Assembly’s Standing Committee on Education has initiated a formal inquiry into serious allegations of leaked Cambridge International examination papers, establishing a subcommittee to conduct a thorough investigation. The move came after a tense committee meeting on Friday where evidence of multiple compromised exam papers was …

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K-Electric’s failure worsens Karachi’s power crisis

Aftab Maken Islamabad: The National Electric Power Regulatory Authority (NEPRA) has come down hard on K-Electric for its worsening performance and failure to provide a stable electricity supply to Karachi. In a strongly worded letter, NEPRA’s Additional Director General Iftikhar Ali Khan highlighted the growing number of public complaints and …

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Economic stability deepens as green growth gains traction

Aftab Maken ISLAMABAD: Pakistan’s economy is demonstrating clear signs of stabilization and recovery. This positive assessment comes on the back of significantly improved fiscal performance, a notable current account surplus, and a dramatic decline in inflation – developments that collectively point toward a more stable macroeconomic environment as the fiscal …

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Pakistan reaffirms cryptocurrency ban amid heated debate on regulation and risks

Aftab Maken Islamabad The Pakistani government has reiterated its stance that cryptocurrency remains banned in the country, telling the National Assembly’s Standing Committee on Finance that comprehensive regulations are essential before any legalization can be considered. The announcement came during a tense committee session where lawmakers voiced urgent concerns over …

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Tariff cuts unlikely in near future

Aftab Maken ISLAMABAD Prime Minister Shehbaz Sharif is expected to soon unveil a new scheme aimed at curbing the chronic issue of electricity overbilling, Federal Energy Minister Awais Khan Leghari told the National Assembly’s Standing Committee on Power. The initiative — “Apna Meter, Apni Reading” — will allow consumers to …

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CCP fines Kingdom Valley Rs 150m

The Competition Commission of Pakistan (CCP) has imposed a penalty of Rs 150 million on Kingdom Valley (Pvt.) Limited for misleading advertisements concerning its housing project. Acting on a suo motu notice, CCP’s Office of Fair Trade initiated an investigation and found that the company: Falsely advertised its project as …

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NAB to auction Bahria Town properties, issues public notice

Aftab Maken Islamabad The National Accountability Bureau (NAB) has decided to auction several properties owned by Bahria Town. A public notice has been issued, marking the beginning of the process. According to NAB, six properties belonging to Bahria Town’s founder and chairman, Malik Riaz, will be auctioned. These include five …

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Aurangzeb charts bold path to digital Pakistan

Aftab Maken ISLAMABAD Pakistan’s financial landscape is set for a significant overhaul as Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, champions a multi-pronged strategy focusing on digitalization, robust industry collaboration, and innovative funding for social upliftment. In a series of high-level meetings on Tuesday, May 27th, the Minister …

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K-Electric chief faces MPs’ fury

Aftab Maken Islamabadad A meeting of the National Assembly’s Standing Committee on Industries & Production descended into a heated confrontation on Tuesday, ignited by the conspicuous absence of officials from the National Electric Power Regulatory Authority (NEPRA) and culminating in a fiery exchange between K-Electric CEO Moonis Alvi and committee …

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Billions at stake: PTCL land deals trigger parliamentary alarm

Aftab Maken Islamabad The National Assembly Standing Committee on Information Technology and Telecommunication has questioned the PTCL management over the sale of its prime land in Karachi’s megacity. The Committee asked PTCL to explain under which specific clauses the company is authorized to sell this land. The Committee also summoned …

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