Dr. Zia-ul-Qayyum, the Executive Director of the Federal Higher Education Commission (HEC), has been sacked from his position due to what has been officially described as unsatisfactory performance. The decision was made during a meeting of the HEC held on Wednesday, which was chaired by the Commission’s Chairman, Dr. Mukhtar. …
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The Ministry of Finance has announced the initiation of a comprehensive strategy to regulate digital assets and accelerate the growth of Pakistan’s virtual asset economy. As part of this strategy, the government has endorsed the establishment of a dedicated body — the Pakistan Digital Assets Authority (PDAA) — tasked with …
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The Oil and Gas Regulatory Authority (OGRA) has approved revised gas prices for Sui Southern Gas Company (SSGC) and Sui Northern Gas Pipelines Limited (SNGPL), though the changes require final approval from the federal government. A summary outlining the proposed adjustments has been forwarded for their consideration. According to the …
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IslamabadA high-level delegation from Deloitte Advisory US, led by Richard Longstaff, met with Federal Minister for Petroleum, Ali Pervaiz Malik, at the Ministry of Petroleum in Islamabad today. The focus of the meeting was to strengthen collaboration and explore avenues of cooperation to benefit from Deloitte’s strategic advisory services for …
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The Ministry of Energy on Monday received a poor response from the private sector in its latest attempt to sell three government-owned power plants commonly known as GPPs, receiving a bid for only one of the facilities. State-run power generation companies (GENCOs) have now initiated the second phase of a …
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Pakistan’s economic outlook is showing signs of stability and improvement as the International Monetary Fund (IMF) praised the country’s recent policy efforts under a major loan program. The IMF noted that financial and external conditions have strengthened, supported by a current account surplus in the first eight months of the …
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Aftab Maken In the bustling world of Pakistani telecommunications, a big story was brewing. Pakistan Telecommunication Company Limited, or PTCL as everyone knew it, had a mobile company under its wing called Ufone. Think of PTCL as a big, older brother and Ufone as the younger sibling, full of energy …
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Aftab Maken The National Electric Power Regulatory Authority (NEPRA) has directed the Power Division to address the concerns of the industrial sector regarding inconsistent power supply. Due to frequent disruptions in grid electricity, many industries are now seriously considering reverting to Captive Power Plants (CPPs), despite their higher operational costs. …
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Pakistan’s real estate sector is bracing for a major shift as the federal government considers a sharp increase in the Capital Gains Tax (CGT) on property sales. Sources say the government is weighing a proposal to raise the current 15% CGT rate to as high as 40% in the upcoming …
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Despite the loss of hundreds of lives in LPG-related explosions across Pakistan, the Ministry of Law and Justice has yet to clear the long-pending LPG Industry Amendment Bill proposed by the Oil and Gas Regulatory Authority (OGRA). The bill, which aims to enforce strict penalties and ensure public safety, has …
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