Energy

A consortium of 15 banks has agreed to lend the federal government Rs 1,272 billion to help eliminate further piling up of circular debt in the power sector. According to details, the consortium is prepared to provide the loan at an interest rate 0.9% lower than the market rate. The …

A hearing was held at the National Electric Power Regulatory Authority (NEPRA) regarding K-Electric’s request to recover Rs 76 billion from electricity consumers in Karachi. The hearing was chaired by NEPRA Chairman, Waseem Mukhtar. K-Electric submitted a request for an additional write-off claim of Rs 8.13 billion. With the inclusion …

The two countries this week signed an agreement at the 2025 Pakistan Minerals Investment Forum in Islamabad to jointly bid on 40 offshore blocks. A bidding round for the granting of exploration licenses for the blocks, located in the Makran and Indus basins, was announced by the Pakistan government in …

The current government has assured the International Monetary Fund (IMF) that it will reduce the circular debt in the gas and electricity sectors to zero by the end of this year. As of January 2025, the circular debt in the power sector stood at Rs 2,444 billion, while in the …

Aftab Maken A visiting World Bank team met separately with Federal Ministers for Petroleum and Power in their offices on Thursday to discuss ongoing reforms in Pakistan’s energy sector, privatization efforts, and opportunities for long-term collaboration. Federal Minister for Energy, Sardar Awais Ahmed Khan, held a significant meeting with a …

Asghar Hussain and Hassan Abbas Responding to a question about failure of Rajasthan Canal in India, that it is less than 1% successful, Ms Azma Zahid Bukhari, the provisional minister for information, Government of Punjab, dismissed the failure and informed the audience of a press briefing that Indians have already …

ISLAMABAD: In a major overhaul of the country’s power sector, the government is drawing up a 10-year electric policy focused on cutting electricity costs, eliminating circular debt, and gradually stepping away from state monopoly in power procurement, according to sources in the Energy Ministry. The long-term roadmap under preparation aims …

Federal Minister for Energy, Awais Leghari, announced that the government will no longer remain the sole entity responsible for electricity procurement. The private sector is now being introduced into the buying and selling of electricity, while the Guddu and Nandipur power plants are undergoing privatization. During a press conference, Awais …

In a significant move to provide relief to the public, Prime Minister Shehbaz Sharif has announced a substantial reduction in electricity prices. The new rates will see a decrease of Rs 7.41 per unit for domestic and Rs 7.59 per unit for industrial consumers. A special ceremony was held in …

Prime Minister Shehbaz Sharif is set to unveil significant reforms in the power sector tomorrow, marking a crucial step towards addressing key challenges in the energy industry. According to sources, the Prime Minister is expected to announce a reduction in electricity tariffs, with a proposed decrease of Rs 6 to …