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Nepra overturns decision that K-Electric inflated bills

ISLAMABAD: (Parliament Times) Pending an inquiry sought by the government, the National Electric Power Regulatory Authority (Nepra) has overturned its decision taken more than two years ago that held the K-Electric Ltd’s (KEL) top hierarchy involved in overbilling its consumers and issuing unjustified and inflated bills to maximise revenue. “The …

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CPEC to provide job opportunities to over 700,000 people: Zubair Iqbal

ISLAMABAD: (Parliament Times) Member Development and Communication, of Planning Commission, Dr.Zubair Iqbal Ghauri Tuesday said that CPEC project would provide employment opportunity to over 700,000 people. In an interview with Radio Pakistan, he said that China Pakistan Economic Corridor (CPEC) project was not only confined to building roads but it …

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Pakistan inflation rate falls to 3.66 pct y/y in Jan: statistics bureau

ISLAMABAD :(Parliament Times) Pakistan’s inflation rate eased to 3.66 percent year-on-year in January, a touch lower from 3.70 percent in December, the Bureau of Statistics said on Wednesday. On a month-on-month basis, prices increased by 0.18 percent in January compared with December, the bureau said. The rise in month-on-month inflation …

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Escalating tensions: Pak-India bilateral trade plummets by Rs37 billion

Modi’s combative policies towards Pakistan have affected economic ties as bilateral trade plummeted by Rs37 billion in three years. Talks on trade have been suspended for four years owing to unfavorable political environment. Last sitting aimed at normalizing trade ties occurred in September 2012. Though both countries agreed to expedite …

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Emirates Al Zarooni Group to invest 2.2 billion dirham in Pakistan

KARACHI : Agreement was inked during joint press conference held by Al Zarooni Emirates Investments and Pakistan’s construction giant DM Group in Karachi. Al Zarooni Emirates Investments chairman Sheikh Sohail Al Zarooni and DM Group vice-chairman Danish Mushtaq in press conference informed media personnel that said amount would be invested …

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