Aftab Maken In a significant development, the Government has decided to withdraw proceedings initiated by NEPRA against Independent Power Producers (IPPs) for abnormal profits and excess savings in fuel and operations & maintenance (O&M) costs. Additionally, the government has terminated the agreement with PakGen Power Limited and included KAPCO in …
Read More »
Aftab Maken The Senate Standing Committee on Finance has voiced strong disapproval of the Federal Board of Revenue’s (FBR) decision to purchase over 1,000 vehicles worth billions of rupees. During a meeting chaired by Senator Saleem Mandviwalla, the committee criticized the procurement and recommended halting it immediately. The controversy began …
Read More »
Aftab Maken Minister of State for IT and Telecom, Shaza Fatima, has revealed the resistance faced in digitizing government departments, emphasizing that no institution willingly embraces digital transformation. Speaking at a briefing for the National Assembly’s Standing Committee on Information Technology and Telecommunications, she stressed the need to adopt digital …
Read More »
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet, chaired by Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, approved various financial proposals and policy guidelines during its meeting on Friday. The ECC approved Rs. 935.78 million for the payment of projected net salaries to Pakistan Steel Mills (PSM) …
Read More »
ISLAMABAD: The Cabinet Committee on State-Owned Enterprises (CCoSOEs), chaired by Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, has approved comprehensive business plans for Pakistan Broadcasting Corporation (PBC) and Pakistan Television Corporation (PTV). The plans, submitted by the Ministry of Information and Broadcasting, aim to address operational challenges and …
Read More »
ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, announced that the next phase of the federal government’s rightsizing initiative will focus on five ministries, divisions, and their attached departments. According to an official release by the Finance Ministry on Friday, the targeted ministries include; ministries of Communications, Railways, …
Read More »
The Interior Ministry will launch an inquiry into its own officials for pursuing unnecessary litigation against Chinese tech giant M/s Huawei, withholding $6.17 million (Rs 1.72 billion) owed under the Safe City Project, reliable sources disclosed on Thursday. The Ministry’s decision to file an Intra Court Appeal (ICA) against Huawei …
Read More »
The government has increased petrol and diesel prices for the second time in a row. Petrol has been made costlier by Rs. 3.47 per liter, and high-speed diesel (HSD) by Rs. 2.63 per liter, effective from midnight. After the increase, the price of petrol has been set at Rs. 256.13 …
Read More »
In a historic move, the government has reduced the electricity tariff for electric vehicle (EV) charging stations from Rs 71 to 39.70 per unit, marking a 44% reduction. This groundbreaking initiative, spearheaded by the Power Division under the National Energy Conservation Authority (NEECA), has also introduced new regulations for establishing …
Read More »
The federal cabinet, chaired by Prime Minister Shehbaz Sharif, has approved revised agreements with 14 Independent Power Producers (IPPs), potentially reducing electricity prices by up to Rs11 per unit. Based on the Power Division’s recommendations, the cabinet endorsed renegotiated contracts with these IPPs, leading to a reduction of Rs802 billion …
Read More »
BeNewz