NEW DELHI: India has asked companies to operate underutilised gas-based power plants in May and June, and extend operations of imported coal-based plants until Oct 15 to meet anticipated high demand for electricity, according to two government orders. The South Asian nation registered an 8% rise in electricity consumption in the financial year that ended […]
KARACHI: While lamenting poor commercial activities, leading traders of Karachi have expressed concerns about lacklustre sales throughout the Eid season. Seventy percent of Eid items, including suits, dresses, shoes, and others, could not be sold due to runaway inflation, shrinking income, falling purchasing power, rising unemployment, and frustrating street crimes in the city. Speaking to […]
ISLAMABAD: Kaspersky research firm has found the availability of deepfake creation tools and services on darknet marketplaces. These services offer generative AI video creation for a variety of purposes, including fraud, blackmail, and stealing confidential data. According to estimates of Kaspersky experts, one minute of a deepfake video can be purchased for as little as […]
ISLAMABAD: The World Bank will provide a $1 billion loan for the 2,160 megawatts Dasu hydropower project—a crucial initiative aimed at integrating cheaper electricity into Pakistan’s energy mix and showcasing the nation’s resilience against adversaries. This marks the third major financing by the World Bank for the project, which has faced delays and endured at […]
ISLAMABAD: The Federal Board of Revenue (FBR) has decided to block 500,000 mobile phone SIMs of tax evaders as the decision has been endorsed by its chairman. In this regard, the FBR has sent relevant rules to the officers concerned. According to sources, the FBR has identified two million tax evaders, but mobile service providing […]
KARACHI: Optimus Capital Management (OCM) launched two infographs during Eid holidays, showing Pakistan’s economy grew much better than India from 1965-1990, with growth exceeding 6% in 1991-92. However, since then, it has been on a persistent decline, reducing to an average growth rate of 3.4% in the past 15 years. The economy is projected to […]
ISLAMABAD: Information technology exporters have called for policy interventions in a bid to arrest the decline in IT goods and services exports and have demanded that the IT industry is irrevocably declared tax-free for a decade, notwithstanding any change in the government. They say that the Ministry of IT and Telecom, Pakistan Software Export Board […]
ISLAMABAD: Federal Minister for Economic Affairs, Ahad Cheema on Friday termed the Asian Development Outlook (ADO) report for April 2024 as a validation of the government’s correct economic policies. “The ADO from the Asian Development Bank is a strong endorsement of the government’s correct economic policies,” said the minister according to press statement issued by […]
BEIJING: Chint Power recently signed cooperation agreements with two photovoltaic (PV) companies for the distribution of 200 megawatts of inverters. Chint Power introduced industrial and commercial PV, ground power plant PV and energy storage system solutions at SolarEX in Turkey and reached these cooperation deals. Chint Power is a solar power system solution provider that […]
ISLAMABAD: Oil and gas exploration companies have called on the new government to formulate a policy that will offer incentives for optimising hydrocarbon production from the existing fields to ensure the country’s energy security. Sources told The Express Tribune that several oil and gas exploration companies had the potential to install advanced technology at their […]
