Latest Updates

PM approves new power supply system for industrial estates

January 15, 2025

ISLAMABAD: Prime Minister Muhammad Shahbaz Sharif approved the new system of power supply to special industrial zones and industrial estates.

The Power Division and National Electric Power Regulatory Authority (NEPRA) will start work on it in the next 3 months.

In this regard, Federal Minister for Power Division Awais Leghari said that under the new system, the administration will be allowed to provide connections, collect bills and handle other issues.

He said that the interference of officers of distribution companies in industrial zones has been abolished.

On the other hand, in the youth program meeting, the Prime Minister said that the Uran Pakistan project will create new employment opportunities across the country.

Under the new system, zone developers would not require any additional license to supply electricity to industries within the zones.

The system would facilitate competitiveness among industries, thereby boosting industrial development and exports.

The prime minister directed the implementation of this new system in all SEZs, adding the industrial development was crucial for the national progress.

“We are quickly moving towards materialising the commitment of ease of doing business. The availability of uninterrupted power supply will accelerate the pace of industrial growth in the country. With industries functioning, more job opportunities will be created, and exports will be enhanced,” he added.

Foreign agenda spreading false claims of public-army conflict: COAS

Chief of Army Staff General Asim Munir reaffirmed the strong bond between…

He expressed optimism that the improved electricity transmission system at SEZs would enable industries to play a pivotal role in the country’s economic development.

byadmin

Published January 15, 2025

Effort underway to preserve Altadena's African American history

Australia’s central bank cuts interest rates by 25 basis points
SYDNEY — The Reserve Bank of Australia’s board announced a rate cut of 25 basis points on Tuesday, its second reduction this year as inflation moderates, leaving the country “well positioned” to deal with the “roller coaster” of uncertainty that Donald Trump’s tariff policy shifts are causing around the world, said the bank’s governor. The…
PDMA issues heatwave alert in KP
PESHAWAR: In light of the intense heatwave affecting the region, the Provincial Disaster Management Authority (PDMA) Khyber Pakhtunkhwa has issued an official alert for the entire province. According to the Provincial Disaster Management Authority (PDMA), severe heat is expected in the province from May 20 to 24 and alert has been issued to all the…
Marcos to focus on economic agenda to build legacy
MANILA — Five days after he suffered a striking setback in the country’s midterm elections, Philippine President Ferdinand Marcos Jr. finally admitted that his candidates for the Senate could have “performed better.” “We all wish we had better results. But we live to fight another day,” he said Saturday after the electoral commission announced the…
Pakistan, China agree to deepen linkages between political parties
Pakistan, China agree to deepen linkages between political parties BEIJING: Deputy Prime Minister and Foreign Minister Senator Ishaq Dar met with the Minister of International Department of the Communist Party of China (IDCPC), Liu Jianchao here. During the meeting, both leaders agreed to deepen linkages between the political parties of Pakistan and CPC. The deputy…
Japan’s Seven & i eyes selling partial stake in bank unit to Itochu
TOKYO — Japan’s Seven & i Holdings, owner of the 7-Eleven convenience store chain, is planning to sell part of its bank unit, Seven Bank, to trading house Itochu, Nikkei learned on Tuesday. The move is part of the retailer’s effort to focus its resources on its core convenience store business by reducing its stake…
Generative AI won’t replace all human factory workers: Foxconn chairman
TAIPEI — Generative AI will only be able to handle 80% of the manufacturing workload in next-generation factories, while skilled human workers will still be needed for the remaining 20%, according to the chairman of Foxconn. Speaking in Taipei on Monday, Young Liu, chairman of the world’s biggest contract electronics manufacturer, said the findings from…
Hearing on Menendez brothers’ parole suitability pushed back to late summer
A hearing that could lead to freedom for the Menendez brothers, convicted in their parents’ 1989 murder, was pushed back from June 13 to August, California corrections officials said Monday. A spokesperson for the California Department of Corrections and Rehabilitation said the brothers’ hearings on parole suitability will be heard instead on Aug. 21 and…
Australian opposition coalition splits after election
SYDNEY — Australia’s Liberal-National coalition, the country’s main political opposition, will split, marking a major shift in the political landscape that comes after the coalition was convincingly beaten by the ruling Labor Party on May 3. National Party leader David Littleproud said on Tuesday his party, which represents rural areas, would not re-enter a coalition…