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Prime Minister Shehbaz Sharif has sought a detailed report on an accident at the Tarbela 5th Extension Hydropower Project, directing relevant authorities to establish the...
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Upgrade this serverISLAMABAD: Deputy Prime Minister Ishaq Dar has stressed the importance of developing a modern, efficient and financially sustainable railway system saying it is essential for strengthening Pakistan’s economic integration and improving regional connectivity. He made these remarks while chairing a meeting in Islamabad on November 11 to review proposals for the revamping and restructuring of Pakistan Railways. During the meeting, Dar instructed the relevant ministries and financial institutions to examine different financing options for railway development. He particularly emphasised exploring…
7 hours ago · minutemirror.com.pk
منگلا/ جہلم: منگلا اور تربیلا ہائیڈل سسٹم میں تکنیکی خرابی کے باعث بجلی کی پیداوار اور دستیابی میں کمی واقع ہونے سے ملک بھر میں بجلی کے شارٹ فال میں اضافہ ہو گیا ہے، جس کے نتیجے میں جہلم، لاہور سمیت پنجاب اور ملک کے مختلف علاقوں میں لوڈ مینجمنٹ شروع کر دی گئی ہے۔ […]
8 hours ago · jhelumupdates.com
ISLAMABAD: The government is working to secure financing for installing smart meters on transformers across all power distribution companies (Discos), with plans to ensure the project continues after the companies are privatised. The initiative is aimed at curbing electricity theft, improving billing accuracy and protecting consumers from overbilling, according to an official statement issued after a meeting chaired by Minister for Economic Affairs and Establishment Division Ahad Cheema on November 10. The meeting reviewed development programmes for Discos and discussed the Economic Affairs…
8 hours ago · minutemirror.com.pk
Deputy Prime Minister Ishaq Dar has said that a modern, efficient, and fiscally viable railway network is vital for national economic integration and regional connectivity....
8 hours ago · diplomacypakistan.com
People retrieve bamboos from a damaged house following rains and floods during the monsoon season in Dera Allah Yar, district Jafferabad, Balochistan, August 25, 2022. — ReutersPakistan faces estimated $2bn in average annual losses from disasters2022 floods caused $14.9bn direct damage,...
10 hours ago · geo.tv
A breach in a protective bund at the Tarbela dam’s T-5 hydropower project has caused a large volume of water to flood Tunnel Five, prompting the suspension of construction work indefinitely, senior officials of the Water and Power Development Authority (WAPDA) said on Monday. This incident is a considerable setback for the Pakistan government as a similar incident earlier had led to a cofferdam collapse due to flagrant violations in design by the Chinese company which was executing the project. These two incidents together are likely to increase the project cost to almost three times what was…
16 hours ago · organiser.org
A man counts Pakistani rupee notes at a currency exchange shop in Peshawar. — Reuters/FileCentre has decided to use receipts on water resources. Provinces agreed to provide Rs1,035bn to Centre in FY27.Arrangement to continue for medium term: finance czar. ISLAMABAD: The...
16 hours ago · geo.tv
Pakistan’s development spending has remained significantly below target during the first four months of the current fiscal year, with federal ministries and departments utilising only Rs103.87 billion out of the Rs1 trillion allocated under the Public Sector Development Programme (PSDP). The expenditure recorded between July and October 2026 accounted for just 10.4 per cent of the annual development budget, despite the Planning Commission authorising Rs412.3 billion for various projects during the period. The slow pace of spending has raised concerns about the implementation of public-sector…
17 hours ago · minutemirror.com.pk
Pakistan spent just 10.4% of its annual development budget in the first four months of the fiscal year, despite recording a 0.8% budget surplus in the first quarter. The slow spending comes as public projects face delays and the country's external debt nearly doubles to $135.1 billion in 2025 from $68.67 billion in 2015, according to a World Bank report cited by Dawn.
17 hours ago · timesofindia.indiatimes.com
ISLAMABAD: The Public Accounts Committee (PAC) on Tuesday proposed deferring the privatisation of power companies, expected to take place in January, until their assets, machinery, land and other properties are properly assessed and revalued to prevent potential losses to the national exchequer. The proposal came after Auditor General of Pakistan Maqbool Ahmad Gondal raised concerns that the government was relying on outdated valuations of public assets during a meeting of the PAC to examine the audit reports of the Power Division and its attached entities for 2024-25. The committee observed that the management had failed to revalue fixed assets worth Rs624.47 billion. The Auditor General’s office also pointed out that the companies had not tagged their assets, reflecting negligence in complying with directives of the National Electric Power Regulatory Authority (Nepra). It said property, plant and equipment were key components of financial statements, and inaccurate valuations could distort a company’s overall financial position. PAC Chairperson Shahida Begum said the actual value of the assets needed to be determined and properly categorised before proceeding with privatisation. “Until we know their exact value, how can we privatise them? If the assets are sold without proper valuation, it will definitely result in a loss for the government,” she said. She called for another meeting in three weeks to review the privatisation process and ensure that the assets were assigned their correct market values before further steps were taken. The Privatisation Commission and the Power Division were directed to submit detailed reports at the next meeting. Rs8.6bn payments questioned The committee also examined audit objections concerning payments of Rs8.648bn borne by electricity consumers because of poor planning, faulty procurement of equipment and deficiencies in the performance of a grid station and its associated transmission line. During a performance audit…
20 hours ago · dawn.com
Minute Mirror · 8 hours ago
Pakistan rejects high bids for December, January L...Minute Mirror · 17 hours ago
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The Express Tribune Rs5tr spent in defiance of law
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+11 more reports
