Author: Admin

THE FUTURE SUMMIT 9th Edition Opens with Visionary Leaders Re-Defining the Direction for Course Correction

Admin
FUTURE SUMMIT 9th Edition

Karachi, November 5, 2025 – THE FUTURE SUMMIT (TFS) 9th Edition, one of Pakistan’s premier thought leadership platforms, opened in Karachi with a powerful call for “Course Correction: Redefining the Direction.”Co-hosted by the Nutshell Group and NBP, in strategic partnership with Faysal Bank Limited and the Overseas Investors Chamber of Commerce & Industry (OICCI), the Summit brought together national policymakers, business leaders, and global voices to reimagine the country’s trajectory toward a sustainable and inclusive future.The 9th Edition of TFS has brought together leaders from diverse realms, to confront a…

Read More

Government Adds More Power Plants to Privatisation List, Retains Uniform Tariff Policy

Admin
Power-Division1

ISLAMABAD: The federal government has decided to expand its privatisation programme by including three additional power plants — the Jamshoro Power Plant and two LNG-fired units — while reaffirming its commitment to maintaining a uniform electricity tariff across the country even after privatisation of distribution companies. Adviser to the Prime Minister on Privatisation Muhammad Ali announced the decision during a consultative session on the privatisation of ten power distribution companies. He emphasised that the power sector continues to receive around Rs1.2 trillion annually in subsidies to cover price differentials, debt…

Read More

KATI Rejects Fuel Cost Charges on K-Electric Consumers, Terms Move ‘Unjust and Unacceptable’

Admin
KE-Meter

KARACHI: The Korangi Association of Trade and Industry (KATI) has strongly opposed the National Electric Power Regulatory Authority (NEPRA) and Power Division’s decision to impose Fuel Cost Adjustment (FCA) and Fuel Cost Component (FCC) charges on K-Electric (KE) consumers for the fiscal year 2023–24, calling the move unfair and detrimental to Karachi’s industrial economy. KATI President Muhammad Ikram Rajput condemned the decision, describing it as “unacceptable” and a direct blow to both the people and industries of Karachi. Citing NEPRA’s own documents, he revealed that the measure would extract nearly…

Read More

Pakistan, Australia Launch Project to Forecast Climate-Resilient Water Availability

Admin
New-Project94

ISLAMABAD: In a bid to strengthen water management and planning amid growing climate challenges, Pakistan has launched a new initiative — the Climate Resilient and Adaptive Water Allocation Programme (CRAWAP) — with technical and financial support from the Government of Australia. Under the five-year project, Australia has provided a grant of three million Australian dollars to enhance the capacity of the Indus River System Authority (IRSA) and provincial governments in accurately forecasting intra-season water availability. The programme aims to improve decision-making for water allocation across the Indus Basin, one of…

Read More

Pakistan Cancels 21 LNG Cargoes from Eni Amid Demand Slump and Oversupply

Admin
lng-usa

KARACHI: Pakistan has reached an agreement with Italy’s Eni to cancel 21 liquefied natural gas (LNG) cargoes scheduled under a long-term contract, in a bid to manage excess gas supply in its distribution network, according to an official document and industry sources. A letter from Pakistan LNG Limited (PLL) to the Ministry of Energy dated October 22 revealed that 11 cargoes planned for 2026 and 10 for 2027 will be scrapped at the request of Sui Northern Gas Pipelines Limited (SNGPL). Only one cargo each in January 2026 and 2027,…

Read More