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 …
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Federal Finance Minister Muhammad Aurangzeb, during a press conference in Islamabad, stated that the IMF delegation visiting Pakistan will not engage in discussions regarding the budget. He emphasized that a significant reduction in the interest rate has already taken place, and in his view, there is still room for further …
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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 …
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The monthly inflation rate in March has remained below one percent, while the trade deficit recorded an increase, said an official data released by Pakistan Bureau of Statistics on Thursday. During the first nine months of the current fiscal year, both exports and imports saw a rise alongside the growing …
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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 …
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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 …
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A high-level meeting on country’s exploration & Production E&P) has focused on key challenges, including security concerns, circular debt, gas pricing, energy planning, and LNG supply constraints, said an official statement released by the Petroleum Ministry on Tuesday. Deputy Prime Minister Ishaq Dar presided over a high-level meeting today to …
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Federal Minister for Power, Awais Khan Leghari, inaugurated Pakistan’s first-ever 120 KW fast-charging station, developed by GoGreen Avenue. The event, held in Islamabad, marked a significant milestone in the country’s transition towards sustainable energy. As part of the Ministry of Energy’s broader efforts to promote green mobility and energy-efficient solutions, …
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The Economic Coordination Committee (ECC) of the Cabinet met today with Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, chairing it virtually from China where he is attending the Boao Forum for Asia 2025, says an official statement of the Finance Ministry on Tuesday. The meeting was attended by …
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The National Electric Power Regulatory Authority (NEPRA) has concluded its hearing on the tariff revision requests submitted by the Central Power Purchasing Agency (CPPA) and seven Independent Power Producers (IPPs). The final decision on consumer relief will be announced once NEPRA completes its review of the relevant data. During the …
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