Business
Petrol Price Moves Closer to Rs. 400 as Government Raises Fuel Rates
Petrol prices in Pakistan have moved closer to the Rs. 400-per-litre mark after the federal government approved an increase in the prices of motor spirit and high-speed diesel. According to the latest update from the Oil and Gas Regulatory Authority (OGRA), the new fuel prices will remain applicable for the next three days. The price […]
Pasban Remittance Rewards Scheme Launched to Boost Formal Remittance Inflows
Pakistan’s banking industry, the State Bank of Pakistan (SBP) and the government have joined hands to encourage overseas Pakistanis to send more money through formal banking channels under a new nationwide incentive initiative. The Pasban Remittance Rewards scheme was launched at an event held at the State Bank of Pakistan, with SBP Governor Jameel Ahmad, […]
Large Electricity Consumers May Face Higher Bills Under Proposed NEPRA Changes
Large electricity consumers in Pakistan could face higher costs for using shared power infrastructure under a set of proposed regulatory changes by the National Electric Power Regulatory Authority (NEPRA). The proposed amendments focus on several areas of electricity connections, including shared grid infrastructure, dedicated equipment and temporary connections for different categories of consumers. NEPRA has […]
PAEC Foundation Signs Contract for 5MW Hydropower Plant at Chashma
The Pakistan Atomic Energy Commission (PAEC) Foundation has signed a contract to establish a new 5-megawatt hydropower plant at the Chashma nuclear power complex, marking another step toward expanding clean electricity generation. The project, known as Foundation Hydel Power Plant Unit-05 (FHPP-05), will be constructed at the outfall of the Chashma-5 Nuclear Power Plant. It […]
CDA Begins Issuing Allotment Letters to E-12 Affectees After Decades of Delay
The Capital Development Authority (CDA) has begun issuing allotment letters to affectees of Islamabad’s Sector E-12, marking a significant step toward resolving a long-running issue linked to the development of the sector. The move is expected to enable the civic authority to take possession of the required land and move forward with development activities that […]
Punjab Approves 332 New Posts in Transport Authority
The Punjab government has approved the creation of 332 new posts in the Punjab Transport Authority as part of efforts to strengthen the province’s transport administration and enforcement system. The approved positions will add more staff to the authority and are expected to support transport-related operations across Punjab. The recruitment will cover officers as well […]
Government Calls Emergency Meeting as Petrol Dealers Reject Fuel Subsidy Mechanism
The government has called an emergency meeting with petrol dealers after the Pakistan Petroleum Dealers Association (PPDA) raised concerns over the mechanism for reimbursing a fuel subsidy announced under a relief package. The Ministry of Petroleum has scheduled the meeting with dealers for September 17 to explain how the reimbursement process is expected to work. […]
Pakistan’s Non-Life Insurance Market Estimated at $1 Billion as Digitalization Drives New Opportunities
Pakistan’s non-life insurance sector has an estimated market size of around $1 billion, while the wider potential for insurance and protection services is estimated at approximately $90 billion, according to TPL Insurance CEO Muhammad Aminuddin. Aminuddin shared the figures while speaking during the Securities and Exchange Commission of Pakistan (SECP) Talk Series, which focused on […]
RDA Seals Multiple Apartments Over Alleged Illegal Commercial Activities
The Rawalpindi Development Authority (RDA) has taken action against alleged unauthorized commercial activities at Mid City Apartments located along Service Road in Mouza Gangal. An RDA enforcement team carried out an operation at the apartment complex on Saturday, sealing several properties that were reportedly being used for commercial purposes without the required authorization. The operation […]
CDA Orders Sealing of Nilore Homes Offices Over Unapproved Development
The Capital Development Authority (CDA) has ordered the sealing of the marketing and site offices of Nilore Homes on Lehtrar Road after determining that development activities were being carried out without the approvals required under applicable regulations. The action was taken after the authority found that the housing scheme had started development work without securing […]