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Power tariff is expected to be cut by Rs 10 per unit as the government approves revised deals with 14 independent power projects. – Trendy Blogger

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Power tariff is expected to be cut by Rs 10 per unit as the government approves revised deals with 14 independent power projects. – Trendy Blogger

The federal cabinet, headed by Prime Minister Shehbaz Sharif, has approved revised agreements with 14 independent power producers, a move that is expected to bring down electricity prices by Rs 10-11 per unit. The renegotiated contracts are set to save 802 billion rupees by reducing profits and costs of independent power projects, while deducting an … Read more

The Reserve Bank of Australia Governor expects to save Rs 1.5 trillion in interest payments after the interest rate cut – Trendy Blogger

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The Reserve Bank of Australia Governor expects to save Rs 1.5 trillion in interest payments after the interest rate cut – Trendy Blogger

State Bank of Pakistan (SBP) Governor Jamil Ahmad announced that a drop in the key interest rate to 13% will save the government Rs1.5 trillion in interest payments during the current fiscal year (FY25). Speaking to a private news channel, the Governor of the State Bank of Pakistan said that this saving will support the … Read more

The People’s Bank of China proposes to cut interest rates by 200 basis points as inflation declines – Trendy Blogger

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The People’s Bank of China proposes to cut interest rates by 200 basis points as inflation declines – Trendy Blogger

KARACHI – The Pakistan Business Council said an interest rate cut of about 200 basis points on December 16 is possible, with further cuts expected in early 2025 if inflation remains under control. “This cut will bring the interest rate closer to the prevailing three-month interbank offered rate (KIBOR), which is currently around 12.5 percent,” … Read more

SNGPL cracks down on gas theft; 186 illegal communications were cut across the regions – Trendy Blogger

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SNGPL cracks down on gas theft; 186 illegal communications were cut across the regions – Trendy Blogger

Sui Northern Gas Pipelines Limited (SNGPL) has intensified its campaign against gas theft, carrying out large-scale raids in Punjab, Khyber Pakhtunkhwa and Islamabad. During the operations, the company cut 186 illegal gas connections and imposed fines amounting to Rs 7 million on violators. According to media reports, in Lahore, SNGPL teams disconnected 21 illegal gas … Read more

The Monetary Policy Committee urged a 400 basis point cut in interest rates – Trendy Blogger

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The Monetary Policy Committee urged a 400 basis point cut in interest rates – Trendy Blogger

Workers working in a textile factory. – Reuters/File ISLAMABAD: In a bid to ease financial pressures on the industrial sector, the Pakistan Textile Mills Association (APTMA) has urged the Monetary Policy Committee (MPC) to cut interest rates by at least 400 basis points in its next meeting on November 4. . Asking the MPC to … Read more

Boeing drafts notices to cut thousands of jobs as crisis worsens – Trendy Blogger

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Boeing drafts notices to cut thousands of jobs as crisis worsens – Trendy Blogger

Boeing worker Riley Nelson holds a sign at a picket line near the entrance to a Boeing production facility in Renton, Washington, US on October 11, 2024. – Reuters Thousands of Boeing employees are set to receive layoff notices within weeks, industry sources said, as a top U.S. official traveled to Seattle to try to … Read more

Government targets Rs 8-10 per unit cut in power tariff, as five IPPs cancel contracts – Trendy Blogger

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Government targets Rs 8-10 per unit cut in power tariff, as five IPPs cancel contracts – Trendy Blogger

Energy Minister Owais Leghari addresses a press conference in Islamabad, October 10, 2024. — Screengrab via Geo News Reducing electricity tariffs after talks with generating companies: Leghari. ISMO says it will enable consumers to buy electricity like stocks. “A program is designed to boost energy consumption in winter.” ISLAMABAD: The government aims to reduce tariffs … Read more