Business
80% SEPCO Larkana Consumers Default, Rs48bn Unpaid – SUCH TV
A major disclosure has revealed that nearly 80 percent of electricity consumers in the Larkana Circle of Sukkur Electric Power Company (SEPCO) are defaulters, with cumulative arrears reaching Rs48 billion, despite continued power supply in the region.
According to officials, out of more than 109,000 registered consumers in the Larkana Circle, approximately 80 percent have failed to clear their electricity dues.
SEPCO Superintendent Engineer Mushtaq Hussain Bardee confirmed that the outstanding amount includes around Rs48 billion in domestic arrears and Rs800 million in commercial liabilities.
Despite the large volume of unpaid bills, the official announced that electricity supply would remain uninterrupted during the holy month of Ramazan, particularly at Sehri and Iftar times.
He assured consumers that load-shedding would remain at zero during these hours, with efforts to maintain consistent supply throughout the month.
Bardee also stated that SEPCO’s 118 toll-free helpline remains fully operational, with a commitment to resolving consumer complaints within 30 minutes.
Meanwhile, the company has launched an extensive anti-power theft and recovery campaign.
The SE expressed confidence that issues related to electricity theft would be significantly addressed before the onset of summer.
He warned that legal action would be taken against unauthorised individuals involved in electricity theft or other violations.
Business
TV for dogs booms but are they watching?
TV channels for dogs are multiplying but research is mixed on whether dogs are watching.
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Business
Payment lags can help curb digital fraud: RBI – The Times of India
MUMBAI: Some friction, long viewed as a flaw in digital payments, is now being seen as a feature. An RBI discussion paper proposes to introduce a short delay, or “lag”, for high-value transfers above Rs 10,000. This gives customers time to rethink a transaction and cancel it if they suspect fraud. Customers may also be allowed to whitelist trusted payees so that genuine payments are not delayed.Another proposal is to provide stronger protection to vulnerable users such as senior citizens by requiring an additional confirmation from a “trusted person” for large transactions above Rs 50,000. The paper also suggests a “kill switch” to instantly block all digital transactions in case of suspected fraud.Banks are expected to identify suspicious transactions in real time and seek reconfirmation from customers before processing them. They will need to build systems to implement delays, allow cancellations, and generate risk alerts. Banks are also expected to tighten due diligence by linking the level of activity in an account to the customer’s profile. For instance, accounts with low verified income may face limits on how much money they can receive unless additional checks are completed. A key finding is that most frauds now are the result of human vulnerability. The growth of digital payments has amplified this risk.
Business
OpenAI pauses UK investment deal over energy costs and regulation
The project was part of a package of tech investment promising the UK could become an AI superpower.
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