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Articles for tag: action, cut, finishes, IPPs, legal, NEPRA, offered, RS11BN, Triched, waiver

March 25, 2025

News Desk

Triched Cut, RS11BN Waiver offered by 7 Ipps If Nepra finishes legal action

A representation of a picture of the pillars and electricity lines. – Reuters/file CPPA supports the call for invoice review. Up to R0.50 per cut unit offered by IPPS. Nepra to revise the submission of a conditional report. ISLAMABAD: Seven independent electricity producers (IPPS) were offered to reduce electricity invoices by up to the R0.50 per unit and to resign from RS11 billion to delayed payments – provided that the government withdraws all continuing legal procedures and investigations. In a request for reviews submitted to the National Electricity Regulatory Authority (NEPRA), the IPPS claimed that fuel and operation and maintenance

March 6, 2025

News Desk

We to cut 80,000 veterans jobs, causing anger

A sign marks the headquarters of the Veteran Case Department in Washington, DC, USA, February 20th 2025 – Reuters Washington: The US Department of Veterans Affairs is going to reduce more than 80,000 jobs in an effort to reduce the 2019 staffing levels, a decision that has caused strong criticism from veterans and Democrats, who argue that it could endanger critical support for the former. VA staff chief Christopher Syrek sent a note to senior officials on Tuesday, telling him that the goal was to return the agency in 2019 staffing levels of just 400,000. This would mean the cut

February 1, 2025

News Desk

“Superman” faces an “attempt” to cut off his wings

“Superman” faces an “attempt” to cut off his wings James Gunn’s Superman can find turmoil while falling as a lawsuit that is called upon to stop his release in many places. The co-creator of Man of Steel’s character, Joseph Schuster’s enforceable estate, Joseph Schuster, filed a lawsuit against Warner Bros. Discovery/DC Studios/DC Comics at the Federal Court in the southern area of ​​New York. He claimed that the studio does not have the rights to release DCU’s reboot in territories, including Canada, the United Kingdom, Ireland and Australia. Deadline He said that the estate seeks “compensation and suspensive exemption for

January 27, 2025

News Desk

Rate cut hopes rise as weekly inflation eases

A customer talks to a shopkeeper selling groceries at a market in Karachi, Pakistan, June 8, 2023. — Reuters The fall in inflation marks a notable drop from the previous week’s 1.16%. The CPI, which stood at 4.1% in December, could fall below 3% for January 2025. Analysts are predicting a possible 1.5 percentage point cut in the policy rate. ISLAMABAD: Pakistan’s inflation appears to be easing rapidly, with the Sensitive Price Index (SPI) showing a modest year-on-year rise of just 0.52% for the week ended January 23, fueling expectations of a possible rate cut by the State Bank of

January 17, 2025

News Desk

Expected to cut duties by Rs 1.03

Listen to the article Islamabad: The National Electricity Regulatory Authority (Nepra) is likely to reduce the power tariff by Rs 1,035 per unit as part of the monthly fuel price adjustment for December 2024, which will provide some relief to electricity consumers, who bear very high tariffs. The Central Power Market Guarantee Agency (CPPA-G) has submitted a formal request to Nepra on behalf of electricity distribution companies (DISCOs), proposing to reduce tariffs by Rs 1.035 per kilowatt hour (kWh) compared to the benchmark fuel cost of Rs 10.6364 Rs per kWh. Nepra has planned public hearing for January 30 to

January 15, 2025

News Desk

BCCI to cut players’ salaries for poor performance, strict rules on family travel

Listen to the article Amid growing concerns over the recent performance of the Indian cricket team, the Board of Control for Cricket in India (BCCI) is reportedly considering introducing a new system where players’ pay will be linked to their individual performances. Under the proposed system, players will face variable pay cuts if their performances fall short of expectations. The move follows disappointing results in the Test series against New Zealand and Australia, and the Indian board appears to be moving towards a more corporate-style structure, where both rewards and punishments are based on performance. BCCI has already implemented a

January 13, 2025

News Desk

Lategan’s lead was cut to 21 seconds

BENGALURU/ALDUWADIMI: Henk Lategan’s overall lead was cut to 21 seconds as a road book note error caused many drivers at the front of the field to lose their bearings, forcing Dakar Rally organizers to write off any gains or losses for a 20km course in seventh Sunday stage. South African Lategan finished 15th in the 419km Al Duwadimi stage, with his nearest general classification rival, local hero Yazeed Al-Rajhi, coming seventh to blow the championship battle wide open. Lucas Moraes, who lost almost three hours on Saturday due to a shock absorber problem, came back to win the stage as

December 17, 2024

News Desk

Bulls break 117,000 barrier on impact of SBP rate cut

A trader busy watching on PSX on November 28, 2024. — INP The stock market extended its upward trajectory on Tuesday, surpassing 117,000 points for the first time. Investor optimism remained strong, boosted by yesterday’s State Bank of Pakistan (SBP) interest rate cut, improving macroeconomic indicators and expectations of sustained economic recovery. The benchmark Pakistan Stock Exchange (PSX) KSE-100 gained 869.76 points, or 0.75%, to hit an intraday high of 117,039.17 in early trade. The index hit a low of 114,868.63 before recovering. “There is some profit taking today as the market has rallied significantly,” said Samiullah Tariq, Head of

December 16, 2024

News Desk

Stock market opens higher as interest rate cut expectations boost optimism

A broker busy trading at the Pakistan Stock Exchange (PSX) in Karachi on Thursday, December 5, 2024. — PPI The stock market opened the week on an uptrend, reflecting sustained investor optimism driven by expectations of a rate cut by the State Bank of Pakistan (SBP) and improving macroeconomic indicators. Strong remittance inflows, stable foreign exchange reserves and declining inflation boosted confidence in the country’s economic recovery. The benchmark Pakistan Stock Exchange (PSX) KSE-100 climbed 1,525.14 points, or 1.33%, to an intraday high of 115,826.94 in early trade, building on last week’s record performance week. The market remains elevated in

December 11, 2024

News Desk

Stock market regains momentum on economic confidence, interest rate cut bets

A stockbroker looks at an index board showing the latest stock prices at the Pakistan Stock Exchange in Karachi. — AFP/File The capital market recovers by gaining 1913.56 points. Recovery due to renewed investor optimism, interest rate cut. Equities rise after NSS rate cut, says analyst. The stock market rallied on Wednesday, recovering from the previous session’s sharp decline that had trimmed over 1,000 points from the KSE-100 index. The rally was driven by renewed investor optimism, underpinned by strong macroeconomic signals and growing expectation of an imminent rate cut by the State Bank of Pakistan (SBP). The market’s rally

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