Business
Mianwali Green Electric Bus Service Suspended After Charging Terminal Power Failure
Punjab’s Green Electric Bus Service has been suspended on several routes in Mianwali after a power failure at the bus charging terminal disrupted the charging system needed to operate the electric fleet. According to sources, the electricity system at the charging facility stopped functioning, leaving the buses without access to the power required for regular […]
Rs. 1.28 Billion Added to Dasu Electricity Project as Senate Panel Seeks NAB, FIA Probe
The Senate Standing Committee on Economic Affairs has called for investigations into alleged financial irregularities involving Rs. 1.282 billion in the 765kV Dasu-Islamabad Transmission Line Project. The committee directed that the matter be examined by the National Accountability Bureau (NAB) and the Federal Investigation Agency (FIA). The development has raised questions about the financial management […]
E-Challan System Launched on Hazara Motorway to Recover Outstanding Traffic Fines
The e-challan enforcement system has officially become operational on the Hazara Motorway, introducing a new method for recovering outstanding traffic fines from motorists. Under the system, vehicles with unpaid e-challans can be identified as they approach designated motorway interchanges. Motorway police can then take action to recover the outstanding fines before motorists leave the motorway. […]
Govt Moves Closer to ZTBL Privatization as Transaction Plan Advances
The privatization of Zarai Taraqiati Bank Limited (ZTBL) has moved closer to implementation after the Privatisation Commission Board approved the proposed transaction structure and restructuring plan for the state-owned financial institution. According to official documents, the transaction structure was prepared by the financial adviser appointed for the privatization process. The recommendations were presented to the […]
Feels Like PIA Is Getting Special Treatment as Losses and Legacy Debt Remain a Concern
The privatization of Pakistan International Airlines (PIA) has raised fresh questions about how much of the national carrier’s financial burden has actually been transferred to private ownership. While PIA has moved into private hands, its historical losses and legacy debt have not necessarily followed the airline to the same extent. This has created a debate […]
Oil Tops $90 Again, Raising Concerns Over Another Fuel Price Hike in Pakistan
International oil prices have climbed above $90 per barrel again, increasing the possibility of another rise in petrol and diesel prices in Pakistan if global market trends continue to put pressure on domestic fuel costs. Brent crude settled at $90.87 per barrel on August 17, marking a gain of more than $2 as concerns over […]
Solar Owners Are Rapidly Challenging Pakistan’s Costly Power Plant Business Model
Pakistan’s rapid shift toward solar power is creating a growing challenge for the country’s traditional electricity market, as households and businesses increasingly generate their own electricity instead of relying entirely on the national grid. Official documents cited by ProPakistani show that electricity demand declined by 8.66 percent year-on-year. Several distribution companies (DISCOs) also recorded lower […]
Petrol Pumps Across Pakistan to Shut Down From August 15 Over Margin Dispute
Petrol pumps across Pakistan are set to observe an indefinite nationwide shutdown from August 15 as petrol dealers demand an increase in their profit margin amid rising operational expenses. The decision was announced by the Pakistan Petroleum Dealers Association (PPDA) on Tuesday after a meeting attended by dealers from different parts of the country. The […]
CDA Approves 37 Commercial Projects in Islamabad
The Capital Development Authority (CDA) has approved 37 commercial development projects in Islamabad after reviewing a total of 42 proposals submitted for consideration. The projects were reviewed by the CDA’s Design Waiting Committee, which assessed the proposals before granting approval for the commercial developments. According to 24NewsHD TV channel, the CDA held seven meetings to […]
Saif ul Muluk Lake Reopens for Tourists After Monsoon Safety Restrictions Lifted
One of Pakistan’s most breathtaking tourist destinations, Saif ul Muluk Lake, has officially reopened to visitors after local authorities lifted a weeklong ban that had been imposed due to monsoon-related safety concerns. The district administration announced on Thursday that tourists are once again permitted to travel to the scenic alpine lake following an improvement in […]