A representational image of a transmission tower, also known as an electricity pylon. — AFP/FileExcessive T&D losses account for Rs265 billion.Weak recoveries add another Rs132 billion hit.No utility meets regulatory loss-reduction targets.ISLAMABAD: Pakistan’s power…
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FBR announces crackdown against wealthy individuals flaunting lifestyle on social media
A representational image showing the FBR logo. — FBR website/FileFBR to monitor social media monitoring to identify tax dodgers.Tax body identifies people declaring assets, income worth Rs3bn.450 officers fielded to verify those declaring fewer assets, income.
Oil heads for weekly gain as Middle East supply risks persist
A view shows an oil pump jack outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. — ReutersStrait of Hormuz shipping remains near standstill after fighting.Tanker traffic disrupted as shipowners assess security risks.Hormuz handled about 20% of global oil, gas…
The ‘freelancer’ who cannot refuse
As the country braces for the budget, Pakistan’s growing army of app-based delivery riders faces a calculation few policymakers appear to be making: the fiscal plan contains nothing for them, and they already cannot afford to break even.
Outside an online app’s mart in…