Author: Admin

ISLAMABAD: In a major cost-cutting initiative, the federal government has formally approached the National Electric Power Regulatory Authority (Nepra) seeking approval to revise power purchase agreements with four public sector power plants, aiming to save approximately Rs1.58 trillion over their remaining operational lifespans. The proposed revisions include transitioning from the current ‘take-or-pay’ model to a ‘hybrid take-and-pay’ structure, lowering the return on equity (RoE), and capping dollar indexation at Rs168. Nepra has scheduled a public hearing for April 24 to assess the proposal jointly submitted by the Central Power Purchasing…

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K-Electric, the power distribution company serving Karachi, is facing criticism for writing off Rs76 billion in receivables. The move has raised concerns about the company’s financial management and accountability. Key Concerns: Possible Implications:

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Islamabad, April 17, 2025- LEADERS IN ISLAMABAD BUSINESS SUMMIT (LIIBS) 2025, themed Navigating the Unknown, came to a powerful close with globally recognized leaders, policy makers, experts, and thousand plus delegates, deliberating on unified approach, consistency of reform, technology and investment landscape, for Pakistan. Shahid Khaqan Abbasi, former Prime Minister of Pakistan, reinforced the need for stability and continuity of policies, with a focus on the need for privatization. “Weak regulation has massively contributed to increasing circular debt, and loss of investments. Stability and rule of law are a must to…

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April 17, 2025: The 6th Chairman WAPDA Amateur Golf Tournament commenced today at the Lahore Gymkhana Golf Club under the aegis of the WAPDA Sports Board. The tournament was formally inaugurated by Chairman WAPDA, Engr Lt Gen Sajjad Ghani (Retd), as he ceremonially teed off to mark the beginning of the tournament.WAPDA Member (Finance) Naveed Asghar Chaudhry, Member (Power) Muhammad Arfan, Member (Water) Syed Ali Akhtar Shah, WAPDA General Managers, WAPDA Sports Board officials and a number of golfers were present in the ceremony.Highlighting the significance of sports, the Chairman said that…

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