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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The petroleum supply in Pakistan is facing a significant setback as refineries are grappling with a severe crisis. This development is likely to exacerbate the country’s energy woes and impact various sectors. Key Issues: Potential Consequences: Way Forward:
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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,…
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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…
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Hungarian Foreign Minister Péter Szijjártó is visiting Pakistan to boost bilateral trade and energy cooperation between the two nations. Accompanied by a high-level business delegation, Szijjártó will meet with Deputy Prime Minister and Foreign Minister Ishaq Dar to explore new business opportunities. Key Highlights of the Visit: Potential Trade Opportunities: This visit marks an important milestone in Pakistan-Hungary relations, which…
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Oil prices have increased by 1% following the announcement of new US sanctions. The sanctions, which target specific countries and entities, have led to concerns about potential disruptions to global oil supplies. Key Points: Possible Implications:
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In a move aimed at facilitating businesses, K-Electric (KE) has agreed to share its Fuel Cost Adjustments (FCAs) projections with the regulator. This decision is expected to bring more transparency and predictability to the power sector, ultimately benefiting consumers and businesses alike. Key Points: Impact on Businesses: Next Steps:
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The National Electric Power Regulatory Authority (NEPRA) has rejected the revised terms for a forensic audit of Halmore Power Generation Company. Instead, NEPRA has hired a different firm to conduct the audit. Key Points: Possible Implications: Next Steps:
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The National Electric Power Regulatory Authority (NEPRA) is set to approve a 60% hike in the Fuel Cost Component (FCC) for bagasse-fired independent power producers (IPPs). This decision is expected to have significant implications for the power sector and consumers. Key Points: Possible Implications: Next Steps:
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Federal Minister for Petroleum Ali Pervaiz Malik was called on by H.E Nassar Abdulrahman J Almutairi, the Ambassador of the State of Kuwait to Pakistan at the Ministry of Petroleum in Islamabad. Ali Pervaiz Malik expressed gratitude for support of brotherly countries like Kuwait which has been pivotal for the structural reforms that Prime Minister Shehbaz Sharif has been successful…
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