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Day: April 4, 2025

US Envoy met with Federal Minister Petroleum to discuss Pak US relations and opportunities and support in energy sector

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energy-sector1

Charges d’Affairs US Embassy H.E Natalie Baker met today with Federal Minister for Petroleum Ali Pervaiz Malik to discuss bilateral energy collaboration, sustainable development, and opportunities for enhancing Pak-US relations. The meeting, held at the Ministry of Petroleum, focused on strengthening U.S.-Pakistan partnerships in the energy sector, including renewable energy initiatives, minerals, hydrocarbons and infrastructure investments. Natalie Baker and Minister…

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Another Relief on the Way: Govt Plans to Remove PTV Fee from Electricity Bills

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Electricity-Bills

Islamabad: In a bid to provide financial relief to electricity consumers, the government has prepared a plan to eliminate unnecessary charges, including the PTV license fee, from electricity bills. According to sources in the Power Division, a proposal has been finalized to remove the monthly PTV fee of Rs. 35 currently charged to domestic consumers. Industrial and commercial consumers, who…

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Zero Tariffs on US Goods: A Strategic Move to Secure Trade Ties with Trump

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Zero-Tariffs

By Farrukh Saleem US President Donald Trump is reshaping global trade dynamics with an aggressive tariff strategy, leveraging America’s $800 billion trade deficit to dictate terms. Unlike many world leaders who react to changing circumstances, Trump has seized the initiative, setting the pace of international trade policy with a clear strategic vision. For *Pakistan, the US remains a **crucial trade…

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Energy Sector Circular Debt Surges to Rs4,700 Billion, Posing Major Fiscal Risk

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Circular-Debt

ISLAMABAD: The Ministry of Finance has identified the rising circular debt in the energy sector as a *major fiscal challenge, warning that its continued growth threatens *economic stability. According to official documents, the circular debt stood at Rs4,700 billion as of *December 2024, with *Rs2,400 billion attributed to the power sector and Rs2,300 billion to the gas sector. The ministry…

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Punjab Implements Advanced Thermal Imaging for Forest Monitoring

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Thermal-Imaging

LAHORE: The Punjab government has introduced cutting-edge thermal imaging technology for *24/7 satellite monitoring of forests, enabling *real-time detection of forest fires, illegal logging, and unauthorized activities. Punjab is the first province in Pakistan to deploy *thermal imaging for forest surveillance, launched under the directives of **Chief Minister Maryam Nawaz Sharif. The initiative has commenced in **Murree and Rawalpindi, with…

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Nepra Approves Rs3.02 per Unit Negative FCA for KE, Withholds Rs2 Billion

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NEPRA-KE

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved a negative Fuel Charges Adjustment (FCA) of Rs3.021 per unit for K-Electric (KE) consumers for *January 2025, allowing a refund of *Rs2.93 billion in April’s electricity bills. However, Nepra has withheld Rs2 billion from the total negative adjustment. During a public hearing on *March 20, Karachi-based consumers opposed the adjustment…

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Global Coal Power Rises Slightly in 2024 Despite Renewable Surge

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Coal-power

SINGAPORE: Global coal power capacity saw a modest increase of 18.8 gigawatts (GW) in 2024—its smallest annual rise in two decades, according to the latest report by US-based Global Energy Monitor (GEM). Despite rapid growth in renewable energy, 12 countries commissioned 44GW of new coal-fired plants last year, outweighing the *25.2GW of retirements. This brought the world’s total coal generation…

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Who Pays What Under New Electricity Tariffs

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Your-Bill

In a decisive move to ease the burden of high-power costs, Prime Minister Shehbaz Sharif has announced a new electricity tariff structure, with immediate implementation. The new rates bring much-needed relief to low-usage households while setting a transparent framework for commercial, industrial, and agricultural sectors. 🔌 Here’s What You’ll Pay Now: The new pricing structure aims to provide targeted relief…

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Cheaper Power to Revive Economy: Business Leaders Laud PM’s Tariff Cut

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Tariff-Cut

KARACHI: Pakistan’s business community has welcomed Prime Minister Shehbaz Sharif’s decision to reduce electricity tariffs, calling it a crucial step toward easing the burden on consumers and reviving industrial activity. M. Abdul Aleem, Secretary General of the Overseas Investors Chamber of Commerce and Industry (OICCI), termed it a “positive move,” especially in light of stringent IMF conditions and limited fiscal…

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