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Govt is Ending Solar Net Metering Next Month

The federal government has decided to end solar net metering and replace it with a gross metering system to discourage solar use and to force consumers to switch back to drastically unaffordable grid electricity.

The Ministry of Energy has informed …

CCP Conducts Phase-II Review of Proposed PTCL-Telenor Merger

The Competition Commission of Pakistan (CCP) is conducting extensive analysis, collecting detailed data, market participant responses through comprehensive questionnaires, and comments from the Pakistan Telecommunication Authority (PTA) on the propos…

Fertilizer Manufacturers Agree to Reduce Urea Prices

Fauji Fertilizer Company Managing Director and CEO Jahangir Piracha called on the Federal Minister for Industries and Production Rana Tanveer Hussain on Wednesday.

Piracha informed the minister that the Fertilizer Manufacturers of Pakistan Advisory …

No Talks with IMF to Increase Electricity Prices: Minister

Federal Minister for Power Sardar Awais Ahmad Khan Leghari Wednesday said that no talks have taken place with the International Monetary Fund (IMF) regarding an increase in the power tariff.

In a message posted on X, the minister labelled news of an…

Circular Debt to Rise By Rs. 150 Billion By End-FY24

The federal government has informed the International Monetary Fund (IMF) that it expects circular debt to increase by Rs. 150 billion to reach Rs. 2.5 trillion by the end of the current fiscal year, Energy Ministry sources told ProPakistani.

This m…

Pakistani Rupee Devalues Against All Major Currencies Today

The Pakistani rupee (PKR) was bearish against the US Dollar today after opening trade at 278 in the interbank market.

It was largely stable but closed in red against the greenback. It also plunged against other major currencies during today’s sessio…

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