PBA refutes misleading claims on remittance subsidies

The Pakistan Banks Association (PBA) rejected on Monday misleading assertions in recent press coverage suggesting that government subsidies to banks under remittance incentive schemes serve no economic purpose. Last week, an independent policy institute urged the government to reconsider subsidising profitable banks and instead redirect limited fiscal resources toward growth-focused sectors. The Economic Policy and […]

Union leader linked to power theft at Dhabeji station

The Karachi Water and Sewerage Corporation (KWSC) disconnected dozens of illegal electricity connections during an operation at the Dhabeji Pumping Station on Sunday. The connections were allegedly supplied from a union leader’s residence to nearby unauthorised households. The wires were confiscated on the spot. The operation targeted a bungalow allocated for an assistant engineer within […]