Electricity Consumers Face Rs 310 Billion Burden as Power Tariffs Set to Rise in 2024-25
May 22, 2024
Preparations are underway to impose an additional burden of over Rs 310 billion on electricity consumers. As per details, the electric power regulator will decide on the Central Power Purchasing Agency (CPPA) plea tomorrow, seeking a hike in the base tariff for the FY2024-25. CPPA has presented seven scenarios for power purchase prices, with an […]
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China Agrees to Roll Over $2 Billion Debt Amid Pakistan’s Forex Reserve Strategy Concerns
February 28, 2024
China has agreed to roll over a $2 billion debt on existing terms after initially seeking a hike in price, as Pakistan’s policy to maintain foreign exchange reserves through deposits by three countries is becoming costly due to a 118% surge in interest cost. The Ministry of Finance officials said that an understanding has been […]
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