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Power DISCOs directed to hold open courts for consumers

ISLAMABAD: The Power Division has directed all the electricity distribution companies to hold Khuli Katchehris (open courts) at circles level to resolve the problems faced by the consumers. The companies have also been directed to share details of those Khuli Katchehris with the Power Division on regular basis for monitoring. Minister for Power Division Omar Ayub Khan and Secretary Power Irfan Ali will also pay surprise visits to various areas in the country to get first-hand information about the situation. Read…

Deputy speaker NA stresses for ensuring uninterrupted gas supply to consumers

ISLAMABAD: Deputy Speaker National Assembly Qasim Suri on Tuesday said all possible steps should be taken to ensure uninterrupted gas supply to consumers. "Consumers in Quetta and the adjourning areas have been facing problem of low gas pressure," he said while talking to Managing Director Sui Southern Gas Company Limited Muhammad Amin Rajpoot in Islamabad. The deputy speaker directed the managing director SSGCL to immediately solve the issue of low gas pressure in Quetta and review heavy bills sent to the consumers.…

Chinese spend billions on Singles’ Day

BEIJING: Chinese shoppers unleashed a record deluge of cash online for Singles Day on Friday, Alibaba said, spending almost $18 billion with the e-commerce giant in the world's biggest online shopping promotion. Singles' Day -- named for the repeated digit 1 in the date November 11 -- was created by Alibaba in 2009. Now in just 24 hours it surpasses the main US online spending spree, the five days from Thanksgiving to Cyber Monday. Gross merchandise volume, Alibaba's key measure of online sales, was 120.7 billion…

External sharia audits gain traction in Islamic finance: study

KARACHI: External sharia audits are gaining support in Islamic finance as consumers and regulators seek more transparency and accountability, a study has found. Islamic banks have traditionally used in-house boards of scholars to determine whether religious principles are being obeyed, but this self-policing has often been criticised for leaving banks open to conflicts of interest. Pressure for more external oversight has been building in several countries that have major Islamic finance industries, and this year Bahrain's…