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12 groups show interest in Fesco

ISLAMABAD: Pakistan’s richer families doing business in energy, textile, automobile and cement have shown interest in acquiring a profitable Faisalabad Electric Supply Company (Fesco) along with four foreign firms, offering another opportunity to the government after a decade to start selling these assets. About 12 groups, eight of them Pakistani well-connected and rich families, have … Read more

US sanctions Dubai crypto exchange for aiding Iran’s IRGC, following a Reuters report

US Treasury sanctions Aban Tether for processing millions of dollars of transactions for sanctioned Iranian entities Representation of cryptocurrencies are seen in this illustration taken September 10, 2025. — REUTERS The United States on Friday sanctioned an unlicensed multi-state cryptocurrency exchange, alleging it processed millions of dollars of crypto for Iran’s elite Islamic Revolutionary Guard Corps … Read more

Nepra notifies 75 paisa per unit hike in FCA for August power bills

[ Hike will apply to all consumer categories, including K-Electric, except for lifeline consumers A picture showing the logo of the National Electric Power Regulatory Authority (NEPRA). — FILE PHOTO The National Electric Power Regulatory Authority (Nepra) on Friday approved an increase of 75 paisa per unit in the electricity tariff under the fuel cost … Read more