ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved Rs3.28 per unit increase in power tariff on the account of fuel cost adjustment for fourth quarter of fiscal year 2022-23. The regulatory body has sent his decision to the federal government for final approval. The increase in electricity prices will come into effect immediately after it is approved by the government. The distribution companies (Discos) would recover Rs159 billion from consumers during the period of six months (October 2023 to March 2024). The revised rate will be applicable on all customers.
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MANILA: The Asian Development Bank (ADB) has issued a warning that the rapidly rising prices in Pakistan will have a spillover effect on inflation in South Asia. The ADB’s projection for Pakistan’s growth rate in FY2024 (2023-24) is 1.9%, slightly lower than the April estimate. This projection is based on several factors, including the assumption of ongoing reforms, supportive macroeconomic policies, recovery from supply disruptions caused by floods, and improved external economic conditions. The ADB also highlighted that if Pakistan achieves political stability after the general elections later in the year, it could boost business confidence. Additionally, a new standby…
LONDON: Former prime minister and president of the PML-N Mian Shehbaz Sharif has rejected reports about change in date of Mian Nawaz Sharif’s return to Pakistan, saying that the PML-N chief would return to Pakistan on October 21. He was talking to newsmen before his meeting with Nawaz Sharif. Shehbaz Sharif also rejected reports about his meeting at Gujranwala, saying that he returned to London on the directives of Mian Nawaz Sharif for consultation. Meanwhile, addressing the PML-N meeting, Former Prime Minister Nawaz Sharif once again called for accountability of the former Army Chief General (R) Qamar Javed Bajwa, former…
QUETTA: At least one personnel of the security forces was martyred while another injured in an attack of terrorists in Quetta on Friday. At least three terrorists were killed retaliatory firing of the security forces. The military’s media wing ISPR stated that militants had launched an assault on a security forces’ post situated near Wali Tangi during the evening of the previous day. In the ensuing firefight, three militants were neutralized, but it came at the cost of the life of Pakistan Army soldier Subedar Qaiser Raheem, who made the ultimate sacrifice. Additionally, another soldier sustained injuries during the engagement.…
NEW YORK: Joe Biden administration launched new climate funding and job programs while world leaders convened for the Climate Ambition Summit in New York. Notably absent from the summit was President Joe Biden, despite UN Secretary-General António Guterres’ requirement for leaders to present substantial and innovative climate action to participate. Instead, President Biden opted to send his climate envoy, John Kerry, in his place, a decision that drew attention. The Environmental Protection Agency (EPA) made a significant announcement, allocating $4.6 billion in fresh funding for clean energy initiatives at the state, local, and tribal levels. Additionally, details emerged about the…
Apple has introduced additional measures to combat the sale of counterfeit iPhones with the release of the iPhone 15 series. The company has implemented an invisible watermarking feature on the iPhone 15 boxes, which can only be revealed under Ultraviolet (UV) light. This invisible watermark serves as a means of verifying the authenticity of the device and is designed to deter potential buyers from purchasing fake iPhones. To further enhance security, a QR code is also included within the watermark. While there may be concerns that scammers could attempt to replicate the watermark, the presence of the QR code adds…
ISLAMABAD: Pakistan Tehreek-e-Insaaf (PTI) President Parvez Elahi on Friday advised fellow politicians on Friday, suggesting that they should consider seeking protective bail ahead of the upcoming general elections, given the current political situation. Talking to reporters on the occasion of his appearance in the anti-terrorism court (ATC), he complained that he was sick because of jail’s meal and the medical facilities was also not up to the mark. The former Punjab chief minister said high inflation in the country had almost shattered the man in the street, adding PML-N top leaders — Nawaz Sharif and Shehbaz Sharif — were responsible…
RAWALPINDI: The Lahore High Court Rawalpindi Bench has rejected a police report regarding the detention of Awami Muslim League chief Sheikh Rasheed. A hearing took place at the Lahore High Court’s Rawalpindi Bench in response to a petition challenging Sheikh Rasheed’s detention. The Rawalpindi police had submitted a report to the court detailing the circumstances of Sheikh Rasheed’s arrest. According to this report, Sheikh Rasheed was apprehended in Phase 3, an area outside the jurisdiction of Rawalpindi police. During the hearing, Justice Sadaqat Ali, presiding over the LHC Rawalpindi Bench, summoned the Regional Police Officer (RPO) of Rawalpindi to appear…
ISALAMABAD: The impact of an increase in petroleum product prices has started to become evident. Essential commodities are becoming more expensive, impacting the lower-income segment the most. After a 0.25% decrease in the weekly inflation rate, the prices of essential commodities have once again started to rise. During the past week, the inflation rate increased by 0.93%, reaching a record level of 38.66% on an annual basis. Among the most affected are those with a monthly income ranging from Rs 29,518 to Rs 44,175, for whom inflation stands at 41%. According to a report issued by the Federal Bureau of…
LAHORE: Pakistan’s renowned fast bowler, Naseem Shah, has expressed his deep disappointment at being excluded from the cricket squad for the 2023 World Cup. Addressing the matter, Naseem Shah stated, “With a heavy heart, I regret to inform you that I won’t be a part of this incredible team representing our beloved nation.” Despite his disappointment, Naseem Shah expressed his belief that everything is ultimately in Allah’s hands. https://twitter.com/iNaseemShah/status/1705111197408772492 He remains hopeful that he will return to the field soon and extended his gratitude to all the fans for their prayers and support. It’s worth noting that today, Inzamam-ul-Haq, the…
