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Articles for tag: Electricity, Latest, reduction, small, tariffs

August 17, 2024

News Desk

Possible small reduction in electricity tariffs

Islamabad: The National Electricity Regulatory Authority (Nepra) is likely to reduce the power tariff by Rs 0.3142 per unit due to July 2024 fuel duty adjustment. The Central Power Purchase Authority (CPPA) has sent a petition to Nepra that it is ready to refund this unit price to consumers in their September 2024 bills. The power regulator accepted the petition and fixed a public hearing on August 28, 2024, for to finalize the decision. The report said benchmark fuel charges for July 2024 were Rs 9.0378 per unit while the total cost per unit stood at Rs 9.352. CPPA seeks

July 22, 2024

News Desk

No ‘capacity payment’ for small Hydel units

Islamabad: The government has decided to abolish the concept of ‘capacity payments’ for small hydropower projects, with the aim of reducing the financial burden on energy consumers. Currently, consumers bear 70% of the cost of electricity due to these payments made to Independent Power Producers (IPPs), totaling around Rs 2.2 trillion annually to those who do not generate a single unit of electricity. During discussions on standard security arrangements for small hydro projects under the Electricity Generation Policy 2015, the cabinet committee on energy (CCoE) was informed that hydrological risk is now parked with electricity producers, although the policy predicted

July 14, 2024

News Desk

The growing influence of a small nation

KIGALI: A small landlocked African nation playing in the big league: with military might, brand image and political clout, Rwanda under President Paul Kagame has become a major strategic player with tentacles spread far and wide. The de facto leader since the 1994 genocide and a candidate for a fourth term as president in Monday’s election, the iron-fisted Kagame has carved out a sphere of influence far beyond Rwanda’s size to develop the country and consolidate his own power base . Unlike many other African nations, “Rwanda is pursuing a real foreign policy strategy,” says Paul-Simon Handy, director of East

June 11, 2024

News Desk

SBP will strengthen payment mechanism for small and medium enterprises

KARACHI: The State Bank of Pakistan (SBP) has directed commercial banks to adopt digital supply chain finance (DSCF) solutions to support small and medium enterprises (SMEs). The central bank has instructed commercial banks to develop and implement these DSCF solutions within six months. DSCF is a solution that helps businesses maximize their cash flow by extending the payment terms they give their suppliers, while giving their suppliers the ability to get paid sooner. As a result, both the buyer and the provider benefit. This initiative aims to improve SMEs’ access to finance. In addition, it will enable effective use of

May 10, 2024

News Desk

Stocks are making small gains on the roller coaster ride

KARACHI: The Pakistan Stock Exchange (PSX) endured a roller-coaster ride on Thursday on prevailing pre-budget and profit-taking concerns, but a boost came from the pharmaceuticals sector which helped the KSE-100 index close with marginal gains . The index touched an intraday high of 72,889.78 points in early trading. Reports that the World Bank had agreed to a new partnership strategy to advance Pakistan’s reform and development agenda raised hopes among market players. The agreement was reached between Prime Minister Muhammad Shehbaz Sharif and a World Bank delegation, led by its regional vice president for South Asia, Martin Raiser. However, bulls

March 8, 2024

News Desk

Stocks register small losses due to economic fears

KARACHI: Pakistan’s stock market on Thursday saw highly volatile trade and closed slightly lower amid investor concerns about economic recovery and cautious stance ahead of the mid-March monetary policy announcement. Earlier, trading started with a jump in the KSE-100 index, which touched an intraday high of 65,874.15 points, but volatility soon prevailed, limiting the market from further gains. Investors took a wait-and-see stance on economic uncertainty and ahead of the State Bank’s monetary policy announcement on March 18. In addition, investor interest was undermined by pressure from falling foreign exchange reserves and concerns over the IMF’s new terms on tax

December 26, 2023

News Desk

Unforgettable stories that dominated the small screen

From ‘Razia’ to ‘Fairy Tale’, here’s a look at the TV dramas that will resonate beyond the end of the year KARACHI: Between cozy lounges and glittering premieres, 2023 was a grand slam for Pakistan’s entertainment scene. As the curtains opened on this extraordinary year, the small screen did not disappoint the entertainment lovers. Sure, past years have brought us gems, but there’s something about the dramas of 2023 that takes the game to a whole new level, breaking conventions. Challenging the status quo, offering heartfelt commentary and delivering memorable romances, here’s a snapshot of the year in dramas. Raid

December 1, 2023

News Desk

Controversy as Lionel Messi labels MLS ‘small league’ despite making fortune, star-studded fans

Lionel Messi’s move to Inter Miami, orchestrated by David Beckham, marked a watershed moment for both the club and MLS. Lionel Messi describes MLS as a “small league” despite groundbreaking appeal and impressive viewership.—X/file In a candid interview in Argentina, Lionel Messi raised eyebrows by referring to Major League Soccer (MLS) as a “small league”, despite his groundbreaking $60 million-a-year contract with Inter Miami and the league’s major role in funding the contract . through partnerships with Apple and Adidas. Messi’s move to Inter Miami, orchestrated by David Beckham, marked a watershed moment for the club and MLS. However, his

November 30, 2023

News Desk

I have seen drivers with small children in their arms: Hina Bayat

In a shocking move as part of a Poetry of Resistance campaign, esteemed star Hina Bayat took to Instagram, sharing a compelling two-part video. Accompanied by a caption that reflects the lessons humanity has yet to learn, Bayat shed light on the power of timeless poetry to discuss contemporary challenges. Captioning the video, “So much more to learn, lessons not learned!” continued to share the poem in parallel. Bayat began by drawing attention to the profound insights of Allama Muhammad Iqbal, the revered poet of the East, known for his visionary dreams of Pakistan and Muslim unification. He highlighted Iqbal’s

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