NEPRA mulls Rs14.37b fuel cost hike

[ ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) is considering a fuel price adjustment that could add Rs14.37 billion to consumers’ electricity bills for February, prompting industry concerns over rising production costs. NEPRA, chaired by Wasim Mukhtar, heard arguments on Tuesday from the Central Power Purchasing Agency (CPPA), which sought a fuel price adjustment … Read more

Chinese firms eye Nooriabad expansion

[ ISLAMABAD: Chinese and Pakistani firms are advancing plans to expand cooperation under an existing memorandum of understanding (MoU), with discussions focusing on a 2,800-acre industrial and commercial project in Nooriabad and potential investments across multiple sectors. Federal Minister for Board of Investment (BOI) Qaiser Ahmed Sheikh held a high-level meeting with a delegation comprising … Read more

Pakistan, allies slam Israel curbs on worship

. A general view of Al-Aqsa mosque compound, in Jerusalem. PHOTO: PIXABAY ISLAMABAD: Pakistan, along with seven other Muslim countries, has strongly condemned ongoing Israeli restrictions on the freedom of worship for Muslims and Christians in occupied Jerusalem, particularly measures preventing Muslim worshippers from accessing Al-Aqsa Mosque/Al-Haram Al-Sharif. A joint statement issued by the foreign … Read more

PSX rebounds on investor trust

[ KARACHI: Following heavy selling a day ago, the Pakistan Stock Exchange (PSX) staged a strong rebound on Tuesday and surged 1,900 points, with improved investor sentiment helping the market regain its footing. Trading began on a firm note and stayed in the positive territory, signalling renewed confidence among participants. The recovery was driven by … Read more

Israel faces backlash over apartheid law

Smoke rises above the city skyline in Riyadh, amid the US-Israeli conflict with Iran. Photo: Reuters A new Israeli law that would allow the execution of Palestinians convicted on terror charges for deadly attacks, but not Jewish extremists accused of similar crimes, would constitute a war crime if enacted, according to one of the UN’s … Read more