NEPRA proposes revision in agreement between Govt and KE
The National Electric Power Regulatory Authority (Nepra) proposed revisions in draft agreements between the Government of Pakistan (GoP) and K-Electric to align with updated regulations for sustainable implementation. The Economic Coordination Committee (ECC) didn’t approve the proposed drafts due to opposition from stakeholders, necessitating revisions. The agreements involve power supply, commercial codes, and subsidies, aiming […]
LSMI production declined by 4 percent in October 2023
The Pakistan Bureau of Statistics (PBS) released data for Large Scale Manufacturing Industries (LSMI) which, according to the data, showed a declined by 4.08 percent for October 2023 when compared with October 2022 and two percent when compared with September 2023. A decline of 0.44 percent was shown during the first four months (July-October) of […]
Telenor exits Pakistan: Acquired by Ufone/PTCL for Rs108 bn
Telenor Pakistan, the Norweg telecom company has decided to exit the Pakistani market after more than a year of searching for buyers. The acquisition marks a 100% transfer of Telenor Pakistan Pvt Limited’s equity to PTCL for an enterprise value of PKR 108 Billion on a cash free, debt free basis. Telenor’s departure signifies the […]