Energy

The ongoing policy-level talks between the Government of Pakistan and the International Monetary Fund (IMF) are currently focused on addressing circular debt in the power sector. Currently, deliberations on Federal Board of Revenue (FBR) revenue, agricultural tax, and property tax are also in progress. According to sources from the Power …

Amid ongoing economic review discussions between Pakistan and the International Monetary Fund (IMF), a proposal aimed at reducing electricity prices by eliminating the General Sales Tax (GST) on electricity bills has been rejected. As, the ongoing talks between Pakistan and the IMF are in progress, with a key focus on …

The Public Accounts Committee (PAC) recently held a meeting, chaired by Junaid Akbar, to review audit paras related to the Atomic Energy Commission, Pakistan Nuclear Regulatory Authority, and the Federal Board of Revenue (FBR). During the meeting, the Auditor General of Pakistan revealed that 15 ministries are operating without a …

Federal Minister for Power, Sardar Awais Ahmed Khan Leghari, on Monday participated in a detailed session with Power Sector International Development Partners to discuss Power Sector Reforms and the way forward. The development partners were led by Najy Benhassine, Country Director for the World Bank, and included representatives from the …

The Oil and Gas Regulatory Authority (OGRA) announced a reduction in POL prices for the first fortnight of March on Friday night, according to an official statement from the Finance Ministry. As per the statement, fuel prices have been further reduced for the initial two weeks of March. The revised …

The National Assembly’s Standing Committee on Power was informed that the government has discontinued capacity payments to 22 Independent Power Producers (IPPs). This decision is expected to result in an overall saving of Rs 1500 billion, providing consumers with relief of Rs. 4 to 5 per unit. The meeting of …

The Audit officials on Tuesday disclosed in the Public Accounts Committee (PAC) that 152 employees were found involved in overbilling within the Multan Electric Power Company (MEPCO). However, despite their involvement, they were only issued warnings and not penalized. During the PAC meeting, chaired by Junaid Akbar, it was further …

Energy Minister Awais Leghari has reiterated that there was never any intention to impose a tax on solar energy, nor will there be in the future. He also indicated that electricity prices could see further reductions and assured that even feeders prone to electricity theft would receive power during Sehri …

Federal Finance Minister Muhammad Aurangzeb has expressed optimism that Pakistan is expected to receive $1 billion from the International Monetary Fund (IMF) under the climate fund. To discuss this initiative, an IMF delegation is scheduled to visit Pakistan on February 24. During an informal conversation with journalists in Islamabad, the …

The Capital Development Authority (CDA) has expressed concerns over a potential water shortage in the federal capital. A meeting of the Senate Standing Committee on Housing was held under the chairmanship of Senator Nasir Butt, where the CDA briefed the committee on the water supply situation in Islamabad. Officials informed …