The Securities and Exchange Commission of Pakistan (SECP) said on Tuesday it had proposed amendments to the Companies Regulations 2024 to set up a centralized UBO Registry for the corporate sector in line with guidelines on financial transparency by the Financial Action Task Force (FATF). UBOs (Ultimate Beneficial Owners) are the owners or the persons […]
Nepra approves slashing power tariff by Rs1.71 per unit
The National Electric Power Regulatory Authority (Nepra) on Thursday approved the government’s request to reduce electricity prices by Rs1.71 per unit for three months, according to a written decision by the authority. Last month, the government formally asked Nepra to reduce electricity rates by Rs1.71 per unit from April to June for all consumers across […]
PM Shehbaz assures CM Bugti of all-out support for Balochistan’s prosperity
Prime Minister Shehbaz Sharif assured full support from the federal government for the development of Balochistan during a meeting with Chief Minister Sarfraz Bugti in Lahore on Wednesday. He reiterated that Balochistan’s progress remained one of the government’s top priorities and said all necessary steps would be taken to support ongoing and future initiatives. Both […]
Seven IPPs offer tariff cut, Rs11bn waiver if govt shuns legal action
Seven independent power producers (IPPs) have offered to cut electricity tariffs by up to Re0.50 per unit and waive over Rs11 billion in late payment surcharges – on the condition that the government withdraw all ongoing legal proceedings and investigations into alleged excessive profits. In a joint tariff revision request submitted to the National Electric […]
Maryam suspends Jinnah Hospital MS after surprise visit
Punjab Chief Minister Maryam Nawaz suspended the principal and medical superintendent of Jinnah Hospital on Tuesday after a surprise visit revealed a string of complaints from patients and their families. During the unannounced inspection, several attendants and patients raised concerns over the unavailability of medicines and diagnostic tests, prompting immediate action from the chief minister. […]
Denmark expresses readiness to help Pakistan curb climate change
Denmark has expressed readiness to provide support to Pakistan in climate change mitigation and adaptation initiatives. The support was expressed by Danish ambassador to Pakistan, Jakob Linulf during meeting with Minister for Climate Change and Environmental Coordination, Musadik Malik in Islamabad today. The meeting discussed Pakistan’s climate vulnerability and joint collaborative opportunities to build the […]
PHC rejects all pleas against military court sentences
The Peshawar High Court has dismissed all petitions challenging the sentences handed down by military courts. A two-member bench comprising Justice Naeem Anwar and Justice Dr. Khurshid Iqbal heard 29 writ petitions filed against the military court sentences. The court ruled that the sentences handed down by military courts would only be considered effective once […]
Court remands journalist Farhan Mallick to FIA custody
A court in Karachi handed journalist Farhan Mallick into the Federal Investigation Agency’s (FIA) custody for four days on Friday for allegedly airing “anti-state” content on his outlet’s YouTube channel. Mallick is the founder of media agency Raftar which describes itself as a “dynamic platform dedicated to driving social change through the power of storytelling”. […]
Police foil several militant attacks in KP; ASI martyred
Khyber Pakhtunkhwa Police have successfully repelled several miscreants attacks on police stations and checkposts in the province over the past two nights. The Central Police Office’s reports revealed that miscreants attacks were reported in Bannu, Karak, Dera Ismail Khan, Tank, and Peshawar, where police have bravely countered the assaults. The temporary hideouts of miscreants in […]
PM invites Afiniti to set-up world-class call center in Pakistan
Prime Minister Muhammad Shehbaz Sharif has asked the leading American multinational IT company, Afiniti, to establish world-class call center in Pakistan for national and international customers. He was talking to a four-member delegation of renowned American multinational IT company, Afiniti, which called on him in Islamabad today under the leadership of company’s Chief Executive Officer, […]