A closer look at the flawed governance system impacting consumers as electricity prices soarIn a recent development, Nepra, the regulatory authority for the power sector in Pakistan, issued a notification announcing an increase in electricity prices to 4.56 rupees per unit. This move sheds light on the inadequacies of our inefficient and corrupt governance system within the power sector.Consumers, who…
Read MoreDay: February 5, 2024
LNG, financial power sectors: Competition studies ordered
ISLAMABAD: An inter-ministerial committee has directed Competition Commission of Pakistan (CCP) to undertake competition studies on LNG, financial and power sectors aimed at strengthening the public investment management system, well informed sources told Business Recorder. The decision was taken at a follow up meeting presided over by Additional Secretary Finance (Corporate Finance) convened to discuss Action Plan recommended by IMF’s PIMA…
Read MoreHeavy on rhetoric, light on concrete plans
Tens of millions of Pakistani voters will cast their ballots in the 12th parliamentary elections since 1970 on Thursday in a grand test not just for the country’s frail democracy but also for its flagging economy. Billed to be the most contentious elections in the nation’s history, the entire exercise is scarred by the establishment’s efforts to decimate one of…
Read MoreUS think tanks assess Pakistan’s electoral landscape
WASHINGTON: The evolving political landscape in Pakistan ahead of its third consecutive parliamentary election on Feb 8 presents a complex web of challenges, US think tanks argue in their election reports. According to them, the confluence of political repression, militant threats, and military influence cast a shadow over the democratic process, leaving questions about the fairness of the elections and…
Read MoreWhat to watch for on Feb 8
PAKISTAN goes to the polls this week in an exceedingly fraught atmosphere marked by uncertainty about the future. In the country’s 12th general election a record number of 128.5 million voters will decide who forms the next government. Punjab, of course, has more voters — 73.2m — than those in the other three provinces put together, which makes it the…
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