Articles for tag: change, consent, Government, metering, net, policy, solar

May 21, 2024

Workers washing a 300 KWP solar PV system after its installation at Nishtar Medical University and Hospital in Multan on December 4, 2022. — APP Leghari asks when did we say the government discourages net metering. No directives have been issued to stop net metering, he says. “1500MW electricity generated by private solar system.” ISLAMABAD: Rejecting media reports on solar metering, Federal Minister for Energy Awais Ahmad Khan Leghari on Tuesday said that all stakeholders will be taken into account if the policy on this issue is revised. Responding to a notice of summons in the Upper House of Parliament,

May 20, 2024

News Desk

Business

Controversy over the financial rules of net metering

Islamabad: Net metering (solar photovoltaics – PV) is a hot topic these days having attracted a lot of attention and even controversy. The government mainly wants to change the financial rules, while net metering users would like to continue with the existing rules. Undoubtedly, attractive incentives have been provided in many countries for rooftop solar and have also been phased out. There are problems as well as benefits to solar energy, especially rooftop solar PV. First, it is a green, non-polluting source. second, it brings technology. It is the solar rooftop that has raised people’s awareness, expanded the economy and

May 19, 2024

News Desk

Business

Government ‘plans to replace solar net metering with gross metering’

Technicians work on a solar panel at a power station about 25 km from Karachi, June 18, 2010. — Reuters The government is likely to purchase solar generation units at CPPA rates. Solar net metering is becoming an issue these days: energy minister. Leghari promises to intensify the drive against power theft in the coming days. ISLAMABAD: In an apparent attempt to discourage domestic generation of electricity, the federal government has planned to replace solar net metering with ‘gross metering’. Geo News he said citing sources. The Pakistan Muslim League-Nawaz (PML-N) government has started work to envisage the gross metering

May 5, 2024

News Desk

International

Who was the ‘richest man in history’ and what would his net worth be today?

The ‘richest man in history’ surpasses Elon Musk, Jeff Bezos, Mukesh Ambani and even Emperor Akbar I. Today’s billionaires don’t even come close to the wealth of the richest man to ever walk the Earth. — Instagram/@mansamusa_official_ Elon Musk, Jeff Bezos, Mukesh Ambani, not even Emperor Akbar I come close to the late ruler of the Mali Empire, Mansa Musa who had “unfathomable” wealth, according to South China Morning Post. The 14th century West African ruler’s wealth was built on gold, salt and land and, according to historians, Musa was the richest man to ever walk the Earth. So who

April 23, 2024

News Desk

Business

Which tech billionaire has the highest net worth?

Who has a higher net worth between Elon Musk and Jeff Bezos? — Reuters/File Amazon founder Jeff Bezos and Tesla owner Elon Musk are two of the richest people in the world, according to the Bloomberg Billionaire’s Index. However, you may still be wondering how rich they really are? Let’s find out the net worth of both American businessmen who are known for their long lists of businesses and enviable fortunes. Elon Musk net worth Musk, 52, moved to the United States from South Africa in 1992 to study at the University of Pennsylvania in Philadelphia. He earned two degrees

April 3, 2024

News Desk

Business

A net worth of Rs 30 billion has been set for PIA buyers

Islamabad: Pakistan on Tuesday approved the eligibility criteria for prospective buyers to acquire a majority stake in Pakistan International Airlines (PIA), setting a net worth requirement for the buyer at at least Rs 30 billion or $100 million. The board of the Privatization Commission approved the pre-selection criteria for potential bidders and also formed a pre-selection committee. The board meeting was chaired by Privatization Minister Abdul Aleem Khan. The board met on the same day the government invited bids to sell 51% to 100% of PIA’s shares, with a May 3 deadline for investors to submit Qualification Statements. The Privatization

March 30, 2024

News Desk

Business

FBR put tax net on jewellers, medical shops, grocery stores

A salesman uses a calculator at his store in Karachi in this unidentified image. — Reuters/File Registration will begin in six cities with the last date being April 30. Design for use in grocery stores, jewelry stores, butcher shops, and more. Merchants will face financial penalties for failing to register. ISLAMABAD: The Federal Board of Revenue (FBR) is set to start registration of traders for the Tajir Dost Scheme in its bid to bring five major categories of traders into the tax net, The news reported on Saturday. FBR’s program will focus on wholesalers, dealers, retailers, furniture and decoration showrooms,

March 26, 2024

News Desk

International

Donald Trump’s net worth exceeds $6 billion. makes Bloomberg’s 500 richest list

Donald Trump has become one of the richest people in the world after a recent merger between Trump Media and Technology Group and Digital World Acquisition Corp. Donald Trump has recently found himself caught in the middle of legal sanctions and operating losses at his businesses as his presidential campaign faces a cash crunch. But instead of seeing a decline in his wealth amid these challenges, Trump became richer than ever on Monday afternoon. CNBC mentionted. As he attended his sentencing in the fraud case in New York on Monday, Trump’s net worth rose more than $4 billion to about

March 18, 2024

News Desk

Business

The IMF wants cryptocurrencies to be brought into the tax net

The logo of the International Monetary Fund (IMF) is seen outside its headquarters building in Washington, U.S., September 4, 2018. — Reuters Pakistan-IMF talks on a $3 billion stand-by deal will conclude today. The funds are asking for strict measures to increase revenues. The IMF calls for a review of tax slabs on real estate and listed securities. ISLAMABAD: The International Monetary Fund (IMF) has proposed the Federal Board of Revenue (FBR) to expand the scope of Capital Gains Tax (CGT) by bringing cryptocurrencies into the tax net, according to The news report published on Monday. The development comes amid

March 15, 2024

News Desk

Lifestyle

Viral French Fries Seller Reveals 30-Day Net Profit

With an investment of Rs 50,000, Arbaz Abbasi – Eaglelyst on Instagram – started the journey of setting up his french fries business. Since day one, Arbaz has been keeping his audience updated with relevant updates. His daily sales were available to his viewers, allowing a fascinating insight into the world of small food-related businesses and their financial potential. Now, Arbaz has finally revealed the net profit margin after waiting for a whole month. Taking to Eaglelyst’s Instagram page, Arbaz shared a video. The accompanying caption read: “Day 30 marks a major milestone in my French Fries journey – I’m

Controversy over the financial rules of net metering

Government ‘plans to replace solar net metering with gross metering’

Who was the ‘richest man in history’ and what would his net worth be today?

Which tech billionaire has the highest net worth?

A net worth of Rs 30 billion has been set for PIA buyers

FBR put tax net on jewellers, medical shops, grocery stores

The IMF wants cryptocurrencies to be brought into the tax net

Viral French Fries Seller Reveals 30-Day Net Profit

Asif Khaliq drives blue-eyed Chaiwala Arshad Khan’s London success

Munir and Naqvi Join Makkah Pact Talks in Tehran

Iran Says the Border Is Open as Pakistan Ships LPG by Sea