In a bid to tackle the financial challenges plaguing Pakistan’s power sector, the federal government has unveiled plans to reduce current electricity tariffs. This initiative comes amid growing concerns over the sector’s significant financial risks and inefficiencies. The proposed measures aim to provide some relief to consumers while addressing the underlying issues within the power sector. The government’s strategy involves …
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Steel Prices Surge to Record High in Pakistan
The construction industry in Pakistan, a vital contributor to the country’s economy, is currently facing a significant hurdle as the price of steel, its primary raw material, reaches a record-breaking high. Leading steel rebars producers recently announced a substantial increase of Rs5,000 per metric ton, citing a scarcity of raw materials and a significant surge in the basic power tariff …
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