Author: Admin

K-Electric Board Meeting Cancelled Due to Lack of Quorum Amid Governance Uncertainty

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NEPRA-KE

ISLAMABAD: A scheduled meeting of K-Electric’s Board of Directors was called off on Wednesday after failing to meet quorum requirements, stalling what appeared to be a government-driven attempt to deliberate on key management and governance matters. The cancellation came just a day after the Sindh High Court granted a stay order on the National Electric Power Regulatory Authority’s (NEPRA) revised multi-year tariff (MYT) determination—a ruling widely regarded as a significant relief for the company’s current leadership. According to a notice submitted to the Pakistan Stock Exchange (PSX), the board meeting,…

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Five Years On, SNGPL Yet to Provide 72,000 Paid Gas Connections

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SNGPL-Office

ISLAMABAD: Despite collecting full payments from applicants, Sui Northern Gas Pipelines Limited (SNGPL) has failed to process nearly 72,000 domestic gas connection requests over the past five years — a glaring violation of the Oil and Gas Regulatory Authority’s (OGRA) service standards. The revelation came during a meeting of the National Assembly’s Public Accounts Committee (PAC) subcommittee, chaired by PPP MNA Syed Naveed Qamar. Audit officials informed the panel that SNGPL had received payments from consumers — including those who paid urgent processing fees — yet meters were never installed.…

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NEPRA Questions DISCOs for Installing 4 Million AMI Meters Without Approval

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AMI-meters

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has taken serious notice of power distribution companies (DISCOs) for installing around four million Advanced Metering Infrastructure (AMI) meters without securing the regulator’s formal approval. Under the multibillion-rupee investment programme, NEPRA’s consent is mandatory for such installations. However, several DISCOs began deploying the advanced meters without prior authorization. During a public hearing, the regulator directed the companies to submit a comprehensive investment plan for consideration. In their defense, the DISCOs claimed that the Ministry of Energy (Power Division) had directed them to…

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Govt to Privatize 24 State-Owned Enterprises: Aurangzeb

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New-Project98

KARACHI: Federal Minister for Finance Muhammad Aurangzeb announced that the government has decided to privatize 24 state-owned enterprises as part of its economic restructuring plan. He revealed that 39 federal ministries are being merged under the government’s rightsizing initiative, while the privatization of PIA will be completed before the end of this year. Addressing the 9th Edition of The Future Summit, the finance minister emphasized that the private sector must lead Pakistan’s economic growth, adding that production-based development is the only sustainable path forward. He noted that Pakistan’s economy is…

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Murad Shah calls for innovation-driven, inclusive, and sustainable growth at ‘The Future Summit 2025’

Admin
New-Project97

KARACHI (Nov 5): Sindh Chief Minister Syed Murad Ali Shah on Wednesday said Pakistan needs to redefine its development direction toward innovation-driven, inclusive, and sustainable growth, as the country stands at a crucial turning point in its economic and governance journey. Speaking at “The Future Summit 2025 – Course Correction: Redefining the Direction,” organised by the Nutshell Group and the National Bank of Pakistan, the chief minister said the theme of the summit was timely, as nations worldwide were reassessing their growth models, governance priorities, and social compacts. “Pakistan, too,…

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