ISLAMABAD: Amid the rising electricity rates in Pakistan, Asia Pak Investment’s officials have proposed ending the dollar-based return on investment for Independent Power Producers (IPP) to switch to Pakistani rupees, ARY News reported. This development targets reducing the power tariff and provide relief to consumers. Chairman of Asia Pak Investment, Shehryar Chishti, stated that IPPs […]
NEW YORK: Wall Street is anticipating a hit to corporate earnings and the stock market if Democratic presidential candidate and US Vice President Kamala Harris wins in November and enacts promised tax increases. Tax policy has emerged as a key focus for investors ahead of the November 5 election. Republican candidate and former President Donald Trump and Harris, who debate […]
Pakistan is renegotiating contracts with independent power producers to rein in “unsustainable” electricity tariffs, Energy Minister Awais Ahmad Leghari has said as power customers tackle with soaring unsustainable costs. Rising power tariffs have stirred social unrest and shuttered industries in the $350 billion economy, which has contracted twice in recent years as inflation hit record highs. […]
Jamaat-e-Islami Pakistan (JI) chief Hafiz Naeem-ur-Rehman has called on Prime Minister Shehbaz Sharif to reduce electricity prices before the situation spirals out of control, emphasizing that the demands of the public should be addressed urgently. Addressing a massive gathering on the second day of the ongoing sit-in outside the Governor House in Karachi, Hafiz Naeem […]