DISCOs, KE caused Rs 132bn loss to national kitty in 2016: NEPRA on October 4, 2017KARACHI: The National Electric Power Regulatory Authority (NEPRA) Tuesday said distribution companies (DISCOs) of Pakistan, including the Karachi Electric, had failed to improve performance in 2016 and caused a loss of Rs 132 billion to the national exchequer. “Discos and KE contributed around Rs 49 billion and Rs 83 billion losses, respectively, to national exchequer […]
Mobile phone calls likely to become cheaper on September 30, 2017KARACHI: Mobile phone calls are likely to cost less in Pakistan as the regulator has issued consultation papers, proposing up to 20 paisa per minute cut to the Mobile Termination Rates (MTR). The lower rates are likely to come into force from December 1, 2017. The MTR is defined as the price charged by an […]
NEPRA grants power generation licences to three sugar mills on September 28, 2017KARACHI: The existing energy mix of the country is heavily skewed towards the thermal power plants, mainly operating on imported fossil fuel while the continuous import of fossil fuel not only creates pressure on the precious foreign exchange reserves of the country but is also an environmental concern, said National Electric Power Regulatory Authority (NEPRA). […]
SC directs NBP to give benefits to pensioners on September 26, 2017KARACHI: The Supreme Court (SC) Monday dismissed the National Bank of Pakistan (NBP)’s appeal against pensioners and maintained the decision of the Lahore High Court (LHC). The LHC had allowed the writ petitions and directed the NBP to release pensionary benefits to the bank’s pensioners in early 2016. In a recent development, the SC has […]
DHA Karachi seeks own power distribution licence on September 19, 2017KARACHI: The Defence Housing Authority (DHA) has submitted an application to the National Electric Power Regulatory Authority (NEPRA) seeking a distribution licence for DHA Energy Supply Company (Private) Limited. The DHA is developing a large-scale residential project north-east Karachi called the DHA City Karachi (DCK). In order to ensure the reliable distribution of electricity, the […]
NEPRA accepts Chinese firms application for generation licence on September 16, 2017KARACHI: Keeping in view the strategic importance of the China-Pakistan Economic Corridor (CPEC) and the anticipated rapid growth therein, the Joint Cooperation Committee (JCC) for the is geared up to set up a 300 MW imported coal-fired power project in Gwadar. In a recent development, the National Electric Power Regulatory Authority (NEPRA) has admitted the […]
PTA asked to check rising mobile phone bill shock complaints on September 15, 2017KARACHI: Taking notice of alleged excessive billing by cellular mobile operators (CMOs), the government Thursday directed the Pakistan Telecommunication Authority (PTA) to develop and implement a strategy to protect consumer rights. The communications regulator said that it had been observed that CMOs were not informing their users (prepaid, postpaid) about remaining credit balance in rupees, […]
Only legal mobile devices to get cellular service on September 13, 2017KARACHI: The Pakistan Telecommunications Authority (PTA) has introduced Mobile Device Identification Registration and Blocking Regulations, noting that mobile communication services shall be provided to compliant mobile devices only by Mobile Network Operators (MNOs). The compliant mobile devices are the devices with valid IMEIs assigned by Global System Mobile Association (GSMA), devices with unique IMEIs, and […]
Coal consumption likely to surge to 15m tonnes per annum on September 12, 2017 KARACHI: The consumption of coal in Pakistan is destined to increase manifold from five million tonnes to more than 15 million tonnes per annum, said the National Electric Power Regulatory Authority. The power regulator Monday unveiled a plan to hire outside consultants to prepare a guidebook for periodic fuel price adjustment for coal-run power […]
State Life told to disclose data of Rs 18b outstanding claims on September 8, 2017KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has directed the State Life Insurance Corporation of Pakistan (SLIC) to disclose age-wise analysis of unclaimed insurance benefits in its financial statements with immediate effect. The SECP also strictly warned the corporation to be careful in future and comply with the requirement of Circular II of […]