Tag: press release

  • NEPRA greenlights Rs1.52 per unit hike in power tariff for Karachi residents

    The National Electric Power Regulatory Authority (NEPRA) has granted approval for an increase in the electricity tariff by Rs1.52 per unit for consumers of K-Electric.

    In accordance with the directive from the Economic Coordination Committee (ECC) in June 2023, NEPRA has issued a notification officially declaring a rise of Rs1.52 per unit in electricity charges, according to a press release.

    These adjustments will be reflected in the monthly electricity bills spanning from December 2023 to November 2024.

    A spokesperson for K-Electric clarified that NEPRA’s notification aligns with a previous ECC decision related to charges from the preceding tenure.

    In a statement, the spokesperson mentioned, “The prolonged duration in finalising KE’s tariff has contributed to the current circumstances, resulting in lower charges from Karachi compared to other regions in the country. Operating within the regulated framework of Pakistan’s power sector, KE, like other DISCOS, adheres to decisions made by the government of Pakistan and NEPRA concerning power tariffs.”

    It is noteworthy that lifeline consumers are exempted from the recent increase in charges, providing relief to this specific consumer group, the statement added.

    In a previous development this month, the Economic Coordination Committee (ECC) made a decision regarding the uniform quarterly tariff adjustments for K-Electric consumers, approving a hike of Rs1.72 per unit.

    The decision entails that the tariff rationalization guidelines previously issued to the National Electric Power Regulatory Authority (NEPRA) shall be applicable to the consumption of July, August, and September 2023, to be recovered from K-Electric consumers in December 2023, January 2024, and February 2024, respectively.

    Subsequent to this decision, the electricity tariff for K-Electric consumers will experience an increase of Rs1.72 per unit.

    Sources indicate that there will be a hike of Rs1.25 per unit in terms of quarterly adjustment from January to March 2023, while Rs0.47 per unit will be increased in terms of quarterly adjustment from October to December 2023.

    These measures are taken to ensure uniform electricity tariffs across the country, as per sources familiar with the matter.

  • Osaka: Powering Pakistan’s Future as the Leading Battery Brand

    Osaka: Powering Pakistan’s Future as the Leading Battery Brand

    In the world of batteries, Osaka stands tall as the largest battery manufacturer in Pakistan, boasting a sprawling manufacturing plant spread over 35 acres of land. This distinction alone speaks volumes about the brand’s dominance in the market. But what sets Osaka apart and positions it as the leading battery brand in Pakistan?

    Let’s explore the superiority points that make Osaka shine.

    Osaka manufactures batteries for both industrial and residential usage, catering to a wide range of customer needs. Whether it’s powering heavy machinery in factories or providing reliable energy storage for homes, Osaka has established itself as a trusted provider of high-quality batteries.

    Not only does Osaka excel in the domestic market, but it has also earned the reputation of being Pakistan’s leading battery exporter. With a presence in over 20 countries across South East Asia, the Far East, Middle East, and Africa, Osaka has successfully captured international markets, showcasing its commitment to global excellence.

    To ensure the highest quality and reliability, Osaka adheres to international product standards such as the Japanese Industrial Standards (JIS), Deutsches Institute Fur Normung (DIN), and the International Electro-technical Commission (IEC).

    This compliance not only demonstrates Osaka’s dedication to delivering top-notch products but also assures customers of their superior quality and performance. Additionally, Osaka proudly meets the standards set by the Pakistan Standard Quality Control Authority (PSQCA), further solidifying its commitment to excellence within the domestic market.

    The accolades garnered by Osaka speak volumes about its commitment to industrial standards and marketing excellence. The brand has been honored with numerous prestigious awards, further cementing its position as an industry leader in Pakistan.

    One of Osaka’s significant strengths lies in its extensive dealer network, which is the largest in Pakistan. With nine regional offices and customer care centers spanning the nation, as well as over 600 mega clients and countless sub-dealers, Osaka ensures easy access to its products and efficient customer support services. This expansive network showcases the brand’s dedication to serving customers nationwide, solidifying its position as a market leader.

    In addition to their battery manufacturing prowess, Osaka also pioneers cost-effective and sustainable solar energy solutions. Their recently launched #SoorajBabaReturns campaign highlights the transformative impact of their solar batteries on small businesses and communities. Real-life success stories of entrepreneurs, including fruit sellers, salon owners, tailors, and farmers, demonstrate how Osaka’s solar energy solutions have propelled their businesses to new heights of growth and profitability. The campaign also emphasizes how middle-class families have escaped the burden of high electricity bills, embracing luxuries like air conditioners with newfound freedom.

    As the battery industry experiences rapid growth driven by increasing demands, Osaka aims to meet this demand head-on. The brand is committed to setting new industry standards, playing a prominent role in the economic growth of Pakistan, and ensuring a sustainable and prosperous future for the nation.

    With its expansive manufacturing capabilities, adherence to international standards, industry accolades, nationwide dealer network, and commitment to sustainable energy solutions, Osaka continues to power Pakistan’s future as the leading battery brand.

  • Assets beyond known sources of income: NAB begins probe against Farah Khan

    Assets beyond known sources of income: NAB begins probe against Farah Khan

    The National Accountability Bureau (NAB) on Thursday ordered an inquiry against Farhat Shahzadi alias Farah Khan following allegations of accumulation of illegal assets beyond known sources of income, ARY News reported.

    In a press statement, the anti-graft watchdog has directed the DG NAB Lahore to conduct an inquiry against Farhat Shahzadi alias Farah Khan, a close friend of former prime minister’s wife Bushra Bibi, over allegations of illegal assets beyond known sources of income, money laundering and maintaining various accounts in the name of different businesses.

    “Huge turnover amounting to Rs847 million has been found in Farah’s account during last three years, which does not commensurate with her stated account profile,” the anti-corruption body said in a press release and added that these credits were received in Farah Khan’s personal account and withdrawn immediately within a short time period.

    The NAB further said: “While reviewing the income tax returns of Farhat Shahzadi, it was allegedly observed that her assets have significantly increased form the year 2018 onwards for unknown reasons.”

    Moreover, Farhat Shahzadi also found travelling to foreign jurisdictions; 9 times to the USA and six times to UAE, it added.

    FARAH KHAN DENIES ALLEGATIONS

    Earlier, Farah Khan has denied allegations against her, saying she never interfered in the governmental affairs, days after the opposition blamed her for having a role in transfer and postings in the Punjab province.

    The clarification from Farah Khan, who is considered close to former first lady Bushra Bibi, came after members from opposition parties and estranged PTI leader Aleem Khan blamed that she used to play her role in transfer of officials in the Punjab province.