The Securities and Exchange Commission of Pakistan (SECP) has extended the Companies Regularization Scheme by one month. According to a press statement, the scheme will now be effective until October 15, 2024, providing defaulting companies with the opportunity to regularise their overdue filings without incurring late charges or penalties. To further streamline the process and … Read more
A representational image of a transmission tower, also known as an electricity pylon. — AFP/File Electricity rates fell by Rs2.93 per unit for September. Prices increased by Rs1.74 under quarterly adjustment. People using up to 300 units to get relief of Rs2.19/unit. As millions across Pakistan continue to reel under soaring utility bills, the Power … Read more
A Pakistani Post office employee takes mail from a customer in Islamabad. — AFP/File Employees of bodies adopting govt’s pay scales’ schemes to benefit. Same rates applied to civil servants will be extended to employees. All ministries/divisions directed to furnish list of bodies under them. ISLAMABAD: The federal government has announced to grant an ad … Read more
A technician fixes new electricity meters at a residential building in Pakistan, in this undated photo. — AFP/File Power utility notifies orders to change software issued. Subsidy worth Rs45bn announced on Aug 16 by PML-N. Consumers using 201 to 500 units were eligible for relief. The Punjab government has discontinued the Rs14 per unit relief for … Read more
Prime Minister Shehbaz Sharif (left) and former Punjab Chief Minister of Punjab Hamza Shehbaz. — AFP/File ISLAMABAD: After incarcerated PTI founder Imran Khan sought relief under amendments to the National Accountability Ordinance 1999 recently restored by the Supreme Court, Prime Minister Shehbaz Sharif and his son Hamza Shehbaz demanded retransfer of Ramazan Sugar Mills reference … Read more
BEIJING: Chinese President Xi Jinping has urged beefed-up disaster relief efforts after Super Typhoon Yagi struck the country’s southern region. Yagi, the 11th typhoon of this year, made landfalls in the provinces of Hainan and Guangdong on Friday, leaving three people dead and 95 others injured. Xi, also general secretary of the Communist Party of … Read more
PTI Chairman Gohar Ali Khan addresses a press conference at the party’s office in Islamabad, Pakistan, on February 10, 2024. — Reuters Toshakhana, Al-Qadir cases don’t fall in NAB jurisdiction: Gohar. The £190 million case should be settled on merit, says chairman. SC accepts intra-court appeals against September 15 judgement. ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Chairman Barrister … Read more
Energy Minister Awais Leghari addresses a press conference in an undated picture. — Radio Pakistan/File Leghari says several measures underway to lower power tariff. Claims PTI govt purposely worsened matter by not convincing IPPs. Says govt has taken last regime’s sector probe report to next stage. As the country reels under back-breaking electricity bills, blamed … Read more
President of the Pakistan Muslim League-Nawaz (PML-N), Nawaz Sharif, urged for significant reductions in government expenditures to enhance public relief on Saturday, as reported by Radio Pakistan. In a meeting held in Lahore, the PML-N leadership, including Prime Minister Shehbaz Sharif, Deputy Prime Minister Muhammad Ishaq Dar, and Punjab Chief Minister Maryam Nawaz, convened to … Read more
ISLAMABAD: The federal government wants the provinces to replicate the Punjab government’s initiative, led by the PML-N, to allocate funds for providing relief to power consumers using up to 500 units. While welcoming the relief package announced by the Punjab government, the cabinet in a recent meeting urged other provinces to follow suit and provide … Read more