Economy

Pakistani Rupee further deteriorates against US Dollar

Rupee further depreciated against US dollar and other currencies recently. Against dollar it reached as high as 89 Rupees per dollar. In current financial year which apparently just barely started, rupee have deteriorated 3% as compared to its worth at start of year. This clearly shows the worsening economy and loss of control of current government on economy of country. In era of Pakistan Peoples Party in government economy and rupee have only seen down fall. As before current government dollar against rupee had just risen 20 Rs per dollar in more than 10 years but since Pakistan Peoples party took charge, die to mismanagement rupee have dramatically lost its worth in just 2.5 years and dollar have risen 29 […]

National

Wapda is to mass disconnect power connections

Minister of Water and Power have chaired a meeting on Wednesday, 21st Sep. Heads of all power distribution companies, which operate under Pakistan Electric Power Company (PEPCO), participated in the meeting. Meeting was intended for reviewing the running/circular dept and recoveries situation of power distributors. Minister advised to mass disconnect the connections of consumers who are on default from last 60 or more days. He also advised to recover all the running debt in next 30 days. Running debt means when a certain consumer did not payed any full or partial charges with the approval of any of Power distribution company. It was further told that if a certain Power distribution company will not be able to act accordingly in […]

Inside Story

Karachi Electricity consumers suffer due to conflict between Sui Gas Company and KESC

Like the other epic problems of Karachi, another problem is of electric supply to the city. Load-shedding is there all over country but Karachi city in this regard in on whole new level. Since the Karachi Electric Supply Company (KESC) was privatized the electricity problems of city only increased. Its case of current owners of KESC not being able to keep their electricity power houses functional. On some places its lack of maintenance and on other its non timely payments of fuel, this all cause the electricity shortfalls and ultimately Karachi’s citizens pay the price in terms of power load-shedding and failures. Recently one such incident took place when Sui Sothern Gas Company (SSGC) cut the Gas supply to one […]

Sports

Pakistan wins second Twenty20 cricket match as well against Zimbabwe

Pakistan have recently won the second Twenty20 international match as well against the Zimbabwe. Pakistan cricket team is currently on its Zimbabwe tour and have done well in all kind of matches including Test Series, One day Internationals and now clean sweep victories in Twenty20 International matches. With 51 top score of Mohammad Hafeez, Pakistan was able to do 141 in 20 overs. In reply Zimbabwe was able to score 136 runs. It was close fight but finally Pakistan Cricket team came out victorious. These recent victories of Pakistan cricket team against Zimbabwe were really important as major changes in team were done recently, lots of senior players were put our of Pakistan team and lots of new inexperienced players […]

Finance

PEPCO unable to recover Rs 63 billion dues from last year

Pakistan Electric Power Company (PEPCO) was unable to the recover Rs 62.9 billion Rs last year against amounts which were billed to its consumers. This amount added to the circular dept and will have an impact on the electricity consumers who actually pay their dues regularly. Such unpaid dept contribute to the devalue an organization and such thing happened in financial year 2010-2o11. PEPCO was able to make some old recoveries but this Rs 63 billion of un-recovered amount is finally going to impact the household consumers of electricity, who are already mostly paying their bills regularly. Circular Dept and line losses are the biggest problems of PEPCO which ultimately contribute to the increasing load-shedding which electricity consumers have to […]