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Outage Costs Soar: Rs262.7B Extra Burden on Consumers as Gencos Struggle
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The shutdown of Neelum Jhelum, along with power generation shortages at various plants, inadequate management, and systemic limitations, has imposed an extra financial load of Rs 262.7 billion upon electricity customers over the initial nine-month period (from July to March) of this current fiscal year. During just the month of March, an extra financial…
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RTO-1 Cracks Down on PoS Violations: 3 Outlets Shut Down
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The Federal Board of Revenue’s Regional Tax Office-1 (RTO-1) has intensified efforts against non-compliance with the Point of Sale (PoS) regulations, resulting in the closure of three establishments on Friday for failing to integrate their systems with FBR’s PoS Invoicing System. According to an official statement obtained here, RTO-1 personnel initiated operations at Stadium…
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Nepra Orders $340M Refund: Distribution Companies Must Compensate Customers
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On Friday, the National Electric Power Regulatory Authority (NEPRA) ordered the power distribution firms to return Rs52.6 billion to Pakistan’s electricity customers as part of the quarterly tariff adjustments. In two separate rulings regarding adjustments to fuel charges, the regulatory body instructed K-Electric and former WAPDA Distribution Companies (XWDiscos) to provide refunds of Rs3.64…
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Thai-African Fraud Ring: 6 Arrested in $7 Million Scam Targeting Japanese Company
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Six individuals from a scam ring — comprising five Thai nationals and one Ghanian — have been apprehended for deceiving a Japanese firm into transferring over 200 million baht. The Cyber Crime Investigation Bureau (CCIB) officers apprehended six individuals—five Thai nationals and one individual from Ghana—in separate incidents in Bangkok, Nakhon Pathom, and Nonthaburi,…
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First Summons Issued in Senate Vote-Rigging Investigation: International Edition
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On Friday, the Election Commission (EC) and the Department of Special Investigations (DSI) issued summons to six out of 53 senators who are under investigation for alleged vote manipulation during last year’s Senate election. The DSI officers served the summons at the suspects’ homes, located throughout Bangkok, following approval from the Election Commission, as…
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Analysts Forecast Slump in Thai Bourse
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The Stock Exchange of Thailand (SET) may face stagnation this month due to slow advancements in US-China and Thailand-US trade discussions along with a weak domestic economy. However, analysts suggest that the anticipated boost from the launch of Thai ESG Extra (ESGX) funds could provide some support. A division of the state-controlled China Galaxy…
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