May 15, 2025

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Latest News

Future leaders chosen by Pakistanis in next elections to have US backing, Blome tells CEC

By Editor Economic Watch
in :  Latest, Latest News
25 Aug 2023

  US Ambassador Donald Blome met Chief Election Commissioner (CEC) Sikander Sultan Raja on Thursday to reaffirm the US support for “free and fair elections”, saying it would work to strengthen the US-Pakistan relationship with “whomever the Pakistani people choose”. “The United States remains committed to working to broaden and deepen the US-Pakistan relationship with whomever the Pakistani people choose”, …


Surplus power generation: Consumers to pay over Rs124bn capacity charges

By Editor Economic Watch
in :  Latest, Latest News
25 Aug 2023

  ISLAMABAD: Consumers will pay capacity charges of over Rs124 billion for the surplus power generation during the last quarter of fiscal year 2022-23 in the coming months. The XWDISCOs are seeking approval of the regulator for the recovery of capacity charges as well as others from the consumers. As per official figures, the Lahore Electric Supply Company (LESCO) wanted …


Another SSG team en route to rescue passengers stuck in cable car for over 7 hours in KP’s Battagram

By Editor Economic Watch
in :  Latest, Latest News
22 Aug 2023

  Another team of the Pakistan Army’s Special Services Group (SSG) is on the way to the Allai tehsil of Khyber Pakhtunkhwa’s Battagram where six schoolchildren are among eight people stuck in a cable car after two of its wires snapped early morning on Tuesday. Assistant Commissioner Jawad Hussain confirmed the update to Dawn.com, adding that troops of the military’s rapid …


Pakistan drafts plan to reduce power sector circular debt

By Editor Economic Watch
in :  Latest, Latest News
21 Aug 2023

  ISLAMABAD/LAHORE (Dunya News/Web Desk) – As Pakistan’s power sector faces a serious crisis amid the rising cost of generation, higher tariffs and line losses, the government has prepared a plan to reduce the circular debt – thus meeting a major IMF (International Monetary Fund) demand. The IMF has made introduction of reforms, reduction in circular and increase in electricity …


34 nominated, 600 unknown suspects booked after Jaranwala tragedy

By Editor Economic Watch
in :  Latest, Latest News
18 Aug 2023

JARANWALA: Following the recent rampage in Jaranwala, the city’s police have registered a case against 34 and nominated 600 unknown under 18 sections of the Pakistan Penal Code (PPC) and Section 7 of the Anti-Terrorism Act (ATA), The News reported Friday. The publication further claimed that 29 nominated suspects have been arrested in connection with the Wednesday rampage. A crowd on …


Mob Vandalises Churches in Pakistan’s Jaranwala over Blasphemy Allegations

By Editor Economic Watch
in :  Latest, Latest News
16 Aug 2023

  JARANWALLA, Pakistan: A tense situation is prevailing in the city area here that has been cordoned off by the police owing to an angry mob vandalizing the churches over blasphemy. “The negotiations are underway and people have been asked to stay calm,” said a police official. There are three churches, two comparatively very small and located in narrow lanes …


Economic policies: Kakar says will ensure continuity

By Editor Economic Watch
in :  Latest, Latest News
16 Aug 2023

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Tuesday said the government would ensure continuity in the economic policies, besides further improving them. Caretaker Prime Minister said an increase in foreign investment under the Special Investment Facilitation Council (SIFC) would remain one of the key priorities of the government. While presiding over a meeting on important issues of various ministries, the …


Historic high: Caretaker govt increases petrol price by Rs17.50 per litre

By Editor Economic Watch
in :  Latest, Latest News
16 Aug 2023

ISLAMABAD (EW) – The caretaker government on Tuesday increased the price of petrol by Rs17.50 per litre, taking the price to record high of Rs290.45 per litre, Dunya News reported. The petrol price is now unprecedented in the history of the county, taking the inflation to an upward trajectory. Other than that, the price of high speed diesel was also increased …


Court cancels PTI chief’s bail in three more cases

By Editor Economic Watch
in :  Latest, Latest News
15 Aug 2023

ISLAMABAD: An anti-terrorism court in Islamabad cancelled the bail of former prime minister and Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan in three cases on Tuesday. ATC Judge Abul Hasnaat Zulfiqar announced the reserved verdict, which said that Imran’s bail is being cancelled due to his absence from court. The PTI chief had sought bail in two cases lodged against him …


Interim setup ‘most empowered’ in history

By Editor Economic Watch
in :  Latest, Latest News
15 Aug 2023

ISLAMABAD: The country is set to witness its most empowered interim setup ever with Caretaker Prime Minister Anwaarul Haq Kakar taking the reins as the eighth interim premier as the country prepares to navigate through a transitional period amid economic and political crises. Kakar’s appointment comes under highly favourable circumstances, granting him unprecedented authority in the position. Traditionally, the primary …


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