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DISCOs facing music over net-metering failure

. Iesco stood on top in the wake of its plausible performance to curb losses, improve recoveries and act in line with the time frame for new connections. PHOTO: FILE ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has said it has initiated legal proceedings against government-owned distribution companies (DISCOs) due to their failure to … Read more

Big Tech’s $600b AI push fuels investor unease

[ Investors assess implications for profitability, existential threat to software firms 24 revenue estates digitised in capital to stop fraud practices. Photo file LONDON: A planned $600 billion artificial intelligence spending splurge by big tech firms in 2026 is adding to investor unease as they assess the implications for profitability as well as a potential … Read more

SBP reserves up $56m to $16.16b

[ The central bank said in its latest weekly update on Thursday that the country’s foreign exchange reserves, held by the SBP, decreased $66 million to $8.15 billion in the week ended January 5, 2024 due to debt repayments. photo: file KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves increased by $56 million … Read more

True face of terror unmasked

Suicide bombing at Islamabad Imambargah kills 32; Over 160 injured; President, PM condemn blast An elderly man tries to comfort his younger companion shattered by the death of loved ones in a suicide attack at an Imambargah in Islamabad. Photo: Reuters ISLAMABAD: A devastating suicide bombing tore through a packed Imambargah in Islamabad’s Tarlai area … Read more

NEPRA to hear proposal on revised tariff structure

[ Govt moves to recover fixed costs without raising subsidy outlay; hearing set for Feb 10 Nepra officials warned Gepco over the illegal installation of Advanced Metering Infrastructure (AMI) on small meters. They said that the company was installing AMI without approval of the regulator and even without data backup. Photo: file ISLAMABAD: The power … Read more