Govt proposes plan to retire circular debt, reduce power prices with help of provinces D_Trends

Govt proposes plan to retire circular debt, reduce power prices with help of provinces D_Trends

The federal government has proposed a new plan to retire mammoth circular debt and to reduce electricity prices by Rs6 per unit with the help of all four federating units.  According to a news report, the plan involves an Rs2.7 trillion funding scheme and the government is trying to persuade the International Monetary Fund (IMF). … Read more

China urges US to substantially reduce nuclear arsenal Dtrends

China urges US to substantially reduce nuclear arsenal Dtrends

BEIJING: China on Thursday urged the US to reduce its nuclear arsenal “substantively” and cease the proliferation of nuclear materials and technology. Beijing also called upon Washington to “refrain from extending nuclear deterrence or expanding a nuclear alliance,” state media reported. Wu Qian, a spokesperson for China’s Ministry of National Defense, said Beijing “firmly” opposes … Read more

China and Pakistan join hands in flaxseed to reduce oil imports D_Trends

China and Pakistan join hands in flaxseed to reduce oil imports D_Trends

BEIJING: China and Pakistan have joined hands to enhance production of flaxseed that will help reducing oil imports, China Economic Net (CEN) reported on Wednesday. Recently, the newly-unveiled Flax Study Research and Innovation Hub between China and Pakistan by Gansu Academy of Agricultural Sciences (GAAS) and Sindh Agriculture University, Tandojam (SAU) is expanding the horizons … Read more

Govt to terminate contracts with 15 IPPs to reduce electricity costs D_Trends

Govt to terminate contracts with 15 IPPs to reduce electricity costs D_Trends

ISLAMABAD: The Pakistani government has decided to review and terminate agreements with 15 Independent Power Producers (IPPs) to provide relief to the public burdened by high electricity costs, sources revealed on Thursday. Led by Energy Minister Awais Leghari, a task force has finalized a framework to address the issue. The government plans to immediately end … Read more

PM Shehbaz promises the nation to reduce electricity prices in Pakistan D_Trends

PM Shehbaz promises the nation to reduce electricity prices in Pakistan D_Trends

Listen to article Prime Minister Shehbaz Sharif announced on Friday that reducing electricity prices was a top priority for the PML-N government and its allies. He emphasised that providing relief to electricity consumers was a key agenda for PML-N President Muhammad Nawaz Sharif and his administration. In his remarks at a Cabinet meeting, the Prime Minister highlighted … Read more