Express
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Is government charging Rs80 per unit for electricity produced at Rs9? | The Express Tribune
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[ad_1] Listen to article Former caretaker Minister of Commerce, Dr Gohar Ejaz, has raised concerns about the steep rise in electricity bills, questioning how the cost per unit has reached as high as Rs80 when the production cost in July was only Rs9 per unit. In a tweet, Dr Ejaz pointed out that in July, the total…
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Fuel price adjustment mechanism recommended for gas bills in Pakistan | The Express Tribune
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[ad_1] A committee tasked with addressing issues in the petroleum sector has recommended introducing a fuel price adjustment mechanism in gas bills, similar to the one in electricity bills. The decision was made during a meeting chaired by Deputy Prime Minister Muhammad Ishaq Dar, where challenges faced by exploration and production (E&P) companies were discussed.…
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China’s BYD plans car plant in Karachi | The Express Tribune
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[ad_1] KARACHI: Chinese electric vehicle giant BYD on Saturday announced plans to open a car production plant in Pakistan, where it will also start selling three models through a partnership with Mega Motors. BYD is the first major new electric vehicle (NEV) entrant in the Pakistani market, where there is a lack of charging infrastructure.…
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Foxconn faces scrutiny over hiring practices in India | The Express Tribune
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[ad_1] NEW DELHI: Foxconn’s chairman, Young Liu, defended the company’s hiring practices on Saturday after reports emerged that the Apple supplier rejects married women for iPhone assembly jobs in India. This response came following a Reuters investigation that led the Indian government to order inquiries into the matter. Speaking at the inauguration of a new…
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Gold prices hit record highs in Pakistan amid global market surge | The Express Tribune
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[ad_1] Gold prices hit an all-time high on August 16, 2024, propelled by a weaker US dollar and expectations of a potential interest-rate cut by the Federal Reserve. The metal’s appeal was further amplified by ongoing geopolitical tensions, particularly in the Middle East, which heightened demand for safe-haven assets. Spot gold increased by 1.7% to…
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Slight cut in power tariff likely | The Express Tribune
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[ad_1] ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) is likely cut the power tariff by Rs0.3142 per unit on account of fuel charges adjustment for July 2024. The Central Power Purchasing Agency (CPPA) has moved a petition to Nepra that it is ready to refund this per-unit price to the consumers in their September…
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Carmaker unveils electric-first brand | The Express Tribune
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[ad_1] KARACHI: Master Changan Motors Limited has introduced Changan’s electric-first brand, Deepal, aiming to support the widespread adoption of EVs in Pakistan. The unveiling event, held on Friday, featured two models: the LO7, an electric sports luxury sedan, and the SO7, an electric premium SUV. Pakistan’s energy mix is 41% non-fossil fuel-based, yet the country’s…
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Electricity bills in Pakistan to surpass house rents: Bloomberg | The Express Tribune
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[ad_1] Listen to article PAKISTAN: A Bloomberg report has revealed that electricity bills in Pakistan have now exceeded the cost of household rent, considering that electricity prices surged by 155% since 2021. According to the report, the tariff increase has driven electricity costs above the average rental rates for homes. The report attributes the soaring inflation to…
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Uproar as ‘firewall’ singes IT businesses | The Express Tribune
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[ad_1] ISLAMABAD: Several businesses and customers, who rely heavily on internet for their work, vociferously opposed the government’s decision to install a firewall on the internet that has resulted in the disruption across the country. The Pakistan Software Houses Association (P@SHA) as well as parliamentarians finally broke their silence and spoke against the firewall at…
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4 tech zones set up amid increased surveillance | The Express Tribune
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[ad_1] KARACHI: The Special Technology Zones Authority (STZA) has announced the creation of four new special technology zones (STZs), with an investment of Rs30 billion in infrastructure. The initiative aims to generate 50,000 jobs and boost IT exports by $350 million annually over the next two to four years. In a statement issued on Thursday,…
