Category: Shortcode

ISLAMABAD: Minister for Finance and Revenue Muhammad Aurangzeb on Wednesday highlighted significant reforms in Pakistan’s energy sector and state-owned enterprises (SOEs), including ongoing privatization efforts of state companies. During a meeting with a delegation from Standard & Poor’s (S&P) Global Ratings at the Finance Division, Aurangzeb emphasized the confidence multilateral institutions have shown through financing various projects in Pakistan. The…

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KARACHI: A recent study reveals that domestic households and businesses in Pakistan face unexpected hidden costs in their power tariffs, including US inflation and interest on circular debt. These factors significantly increase power prices for end-users, making electricity unaffordable and prompting calls for the government to renegotiate power purchase agreements (PPA) with power plant operators. Independent power producers (IPPs) charge…

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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has called on the government to rectify power generation contracts to provide substantial relief amidst public outcry over a significant tariff hike of up to Rs7.12 per unit. During a public hearing, Nepra announced an investigation into last month’s overbilling by distribution companies due to changes in the meter reading mechanism to…

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KARACHI: Prominent industrial chambers and associations have called for the immediate implementation of the Competitive Trading Bilateral Contract Market (CTBCM) regime, allowing bulk power consumers to directly purchase electricity from generators, thereby bypassing the government. This demand was highlighted during a conference organized jointly by Renewables First and the Pakistan Environment Trust on Tuesday. The event featured discussions from key…

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LAHORE: In response to growing consumer dissatisfaction, the government is contemplating abolishing the flawed pro rata meter reading system, which often removes electricity consumers from the protected category or pushes them into higher billing slabs despite their actual monthly consumption remaining within the category. Sources indicate that the Power Division and other relevant authorities are actively reviewing the meter reading…

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