Category: Newsfeed
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Government and IPPs Agree on Hybrid ‘Take and Pay’ Model
ISLAMABAD – The government’s task force on energy and 17 Independent Power Producers (IPPs) from the Power Policies of 1994 and 2002 have reached an agreement on a hybrid ‘take and pay’ model after over two weeks of extensive discussions in Rawalpindi. The task force, led by Minister for Power Sardar Awais Khan Leghari, includes…
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South Korean President Faces Impeachment Over Martial Law Declaration
SEOUL – South Korea’s political landscape has been thrown into turmoil as opposition lawmakers filed a motion to impeach President Yoon Suk Yeol following his controversial declaration of martial law. The move, which was quickly rescinded, has sparked widespread protests and calls for his resignation. On Tuesday night, President Yoon declared martial law in response…
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CPI Inflation Drops to 4.9% in November, Lowest in 6.5 Years
ISLAMABAD – Pakistan’s annual consumer price index (CPI) inflation rate fell to 4.9% in November, the lowest in 6.5 years, according to data from the Pakistan Bureau of Statistics (PBS) released on Monday. This reading continues a trend of easing inflation, which had peaked at a historic high of 38% last year. The State Bank…