KE says new Nepra tariff discourages investment
KE has said that, the new multi-year tariff determined by Nepra discourages investment and was ultimately not in the long-term interest of the citizens of Karachi. Moreover, contrary to certain reports, the determination has no impact on consumers’ end tariff. The current determination includes no incentive to continue to invest in improving power supply to the people of Karachi and creates significant uncertainty around current and future project.
Disputed hydro project: India agrees to review design
After the commencement of 113th meeting of Permanent Indus Water Commission held during Mar. 20-21, 2017 in Islamabad, Indian delegation led by Indus Water Commissioner PK Saxena has agreed to halt progress on 120MW Miyar hydroelectric project's design.
Trade with Iran to start next month
Pakistan and Iran will resume banking channels from next month paving way for official trade between the two countries by the end of Mar’17. The first letter of credit (LC) for Iran trade is expected to be issued in the first week of Apr'17.
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