Author: Admin

Awais Leghari Shares Power Sector Reform Vision with World Bank

Admin
Awais-Leghari

ISLAMABAD: Federal Minister for Power Sardar Awais Ahmad Khan Leghari on Thursday outlined Pakistan’s ambitious power sector reforms and future plans during a meeting with a World Bank delegation led by Anna Bjerde, Managing Director Operations. Leghari revealed that Pakistan is on track to introduce a *competitive electricity market, supported by the establishment of an *Independent System and Market Operator (ISMO). He said that the government would no longer serve as the sole electricity buyer, marking a significant shift in the sector’s structure. He also highlighted major financial reforms, including…

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Power Sector Reforms a Top Priority, Says PM Shehbaz

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Shahbaz-Sharif

ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday reaffirmed the government’s commitment to comprehensive *power sector reforms, emphasizing that curbing *circular debt and ensuring long-term energy sustainability remain high priorities. Chairing a high-level meeting on *gas supply and consumption, the prime minister was briefed on a *long-term strategy for stabilizing the gas sector. He expressed optimism that ongoing reforms, particularly in the natural gas domain, would play a critical role in gradually reducing and ultimately eliminating the sector’s persistent circular debt. Sharif welcomed the establishment of new exploration blocks aimed at…

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Business Confidence Rebounds Sharply in Pakistan: OICCI Survey

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OICCI-Project

ISLAMABAD: Business sentiment in Pakistan has turned positive, with the Business Confidence Index (BCI) rising 16 percentage points to *+11%, up from *-5%* in the previous wave, according to the latest survey by the *Overseas Investors Chamber of Commerce and Industry (OICCI). The *Wave 27 BCI Survey, conducted in **March-April 2025, reflects growing optimism across the country’s key sectors. The *manufacturing sector led the rebound, improving from *-3% to +15%, followed by the **retail/wholesale sector, which climbed from *-18% to +2%*, while the *services sector rose from +2% to +10%.…

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KE Consumers Likely to Get Rs5.02 Per Unit Tariff Relief Amid Fuel Cost Adjustment

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K-Electric

ISLAMABAD: K-Electric (KE) consumers may soon benefit from a Rs5.02 per unit reduction in electricity bills for March 2025 under a *Fuel Cost Adjustment (FCA), potentially translating into a *Rs6.79 billion total relief, pending approval from the National Electric Power Regulatory Authority (Nepra). Nepra conducted a public hearing on Thursday, during which KE presented key operational and financial details, including fuel usage, system efficiency, and measures against electricity theft in Karachi. KE CEO Moonis Alvi emphasized the utility’s commitment to combating power theft but highlighted the growing danger to staff,…

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PM Shehbaz Vows Rapid Reforms, Taps World Bank and IMF for Economic Growth

Admin
New-IMF1

ISLAMABAD — Prime Minister Shehbaz Sharif on Thursday reaffirmed his government’s commitment to fast-tracking institutional reforms and sustaining macroeconomic stability, as talks with the International Monetary Fund (IMF) near conclusion on Pakistan’s upcoming fiscal budget. During a meeting with IMF Regional Director Jihad Azour, PM Shehbaz declared that Pakistan was transitioning from recovery to sustained economic growth. “By the grace of Allah, Pakistan is now moving from economic stability towards sustainable growth,” he stated. The discussions are part of final negotiations under the IMF’s \$7 billion Extended Fund Facility. Talks…

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