In yet another knee-jerk reaction to curb renewable energy growth through solar net metering amid high grid electricity costs, the government on Thursday reduced the buyback rate by two-thirds to Rs10 per unit and scrapped net billing. The decision, applicable to new net-metering consumers, was taken at a meeting of the Economic Coordination Committee (ECC) of the Cabinet, presided over by Fin
The National Electric Power Regulatory Authority (Nepra) has ordered K-Electric to refrain from penalising paying customers by interrupting their electricity supply due to non-payment of others or illegal connections. Additionally, it has instructed K-Electric not to delay or discourage net-metering applicants based on claims of system weaknesses that need to be addressed. In two separate or
The KSE-100 Index closed Monday’s trading session slightly lower, shedding 42.35 points, or 0.04 per cent, as investors remained cautious amid a lack of clear market triggers. The stock market remained range-bound, with sentiment largely dictated by stock-specific activity. The Pakistan Stock Exchange continued its consolidation phase as concerns raised by the International Monetary Fund (IMF)
Inflation has apparently bottomed out, but Pakistan’s journey to economic recovery may become even harder. The country’s national average inflation hit a decade-low in February 2025, with annual CPI inflation dropping to 1.5 per cent, down from 23.1pc a year earlier, according to the Pakistan Bureau of Statistics (PBS). This sharp decline signals the impact of economic stabilisation efforts,
Barely a few weeks after exporting half a million tonnes of sugar, the federal government on Monday decided to import raw sugar to “stabilise prices” in the country. According to an official statement, the import of raw sugar (Shakkar) would help bring down prices in the country and help increase future production, as it could be refined and converted into sugar locally. Interestingly, the e