Power sector circular debt continues to grow despite all the repeated tariff increases on a monthly, quarterly and annual basis as the government takes a strategic move towards billing in the consumer tariffs capacity charges payable to power producers. This came to light when the National Electric Power Regulatory Authority (Nepra) on Monday notified a flat Rs3.2814 per unit additional quarter
Corporate entities in Pakistan and their associated bodies maintain a visible distance from the electoral process. Even after the government lifted the ban on their participation in providing financial support to political parties and candidates, their behaviour remained unaffected. The business community, it seems, overlooked the legal shift regarding political donations by companies and trade
Lying somewhere at the bottom of the stack of thousands of cases pending before the Supreme Court is an appeal filed by the residents of the villages of the Thar desert whose lives and livelihoods have been threatened by disposal on their lands of highly toxic water being pumped out during coal mining. The water is being disposed of at two effluent water disposal sites in Gorano and Dukar Cho v
Easy access to affordable energy is pivotal for fostering economic growth and enhancing the social prosperity of the nation. However, it has remained a distant dream for many in our country due to inflated energy costs. As is well known, the roots of soaring power prices lie in poor governance, policy lapses, volatile global energy prices, and rupee devaluation. Currently, a substantial segment
The Board of Directors of Javedan Corporation Limited (JCL) announced the financial results for FY23 last week, as per a press release. The company reported a profit of Rs8bn, representing the company’s highest-ever profit. A final cash dividend of Rs6 per share, equivalent to 60pc of the face value, was approved. This amounted to a payout of Rs2.3bn. JCL is the owner company of Naya Nazimab