The government of Pakistan has intensified efforts to stimulate foreign direct investment (FDI), with a special focus on enhancing brownfield investments, for the rehabilitation of sick industrial units. These initiatives are part of a broader strategy aimed at revitalising economic growth, creating jobs and positioning Pakistan as a competitive player in the global market. “Pakistan is a ma
While criticising the government for reversal of its net metering policy, energy experts have described the move to limit the rollout of solar energy as “insane”. Speaking at a roundtable on solar net metering, the experts demanded an urgent holistic revamp of the existing policy for promoting solar energy as the cheapest electricity resource amid growing consumer demand. The Sustainable Dev
Electricity consumers may need to brace for another jolt as power distribution companies have proposed a tariff increase of up to Rs2.48 per unit. The companies have requested permission from the National Electric Power Regulatory Authority (NEPRA) to collect an additional Rs3.488 per unit from consumers under the fuel charges adjustment (FCA) for April 2024. The Central Power Purchasing Age
The boards of eight power distribution companies, which were constituted by the previous Pakistan Democratic Movement (PDM) government, were sacked on Monday over allegations of causing a colossal loss of Rs589 billion for this fiscal year. The PML-N government also decided to enlist the services of the military and intelligence agencies to enhance governance in these power distribution compani
Bearish momentum dominated the Pakistan Stock Exchange (PSX) on Monday as shares declined by more than 250 points following the International Monetary Fund (IMF) visit. Shortly after the opening bell, the benchmark KSE-100 index continued to trade sideways until 10:30, the KSE-100 then continued a downward trajectory, shedding 416.91 points, 0.55 per cent, to stand at 74,925.43 from the previou