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Trump’s Upcoming Visit to the Gulf: Strengthening Ties and Addressing Challenges

  Former U.S. President Donald Trump has announced an upcoming trip to Saudi Arabia, Qatar, and the United Arab Emirates, a visit that promises to focus on enhancing economic ties and political cooperation between the U.S. and these influential Gulf nations. This trip comes at a pivotal moment when global politics and trade relations are experiencing significant shifts, making it a crucial opportunity for dialogue and collaboration. One of the primary topics on Trump’s agenda will be economic partnerships. The Gulf region is home to some of the world’s largest investment funds, and the U.S. has long been a favored destination for these investments. During his visit, Trump is expected to engage in discussions about trade agreements, energy cooperation, and infrastructure investments that could yield mutual benefits for both the U.S. and Gulf countries. In addition to economic matters, security and defense cooperation will play a vital role in the discussions. The U.S. has establishe...
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How much consumers likely to face per unit hike in basic tariff?

 


Power consumers likely to receive another ‘shock’ as the National Electric Power Regulatory Authority (NEPRA) is set to take up CPPA’s plea seeking a hike of Rs5 per unit in the base tariff

Preparations are underway to impose an additional burden of over Rs 310 billion on electricity consumers.

As per details, the electric power regulator will decide on the Central Power Purchasing Agency (CPPA) plea tomorrow, which is seeking a hike in the base tariff for the FY2024–25.

CPPA has presented seven scenarios for power purchase prices, with an estimated range of Rs 25.03 to Rs 27.11 per unit.

A report by the power division indicated that the circular debt was Rs 2,310 billion as of June 2023, marking an increase of Rs 325 billion over the following seven months up to January 2024.

These developments signal continued financial strain on electricity consumers and highlight ongoing challenges within Pakistan’s power sector.

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