Despite federal approval to eliminate circular debt in June, the power sector’s debt climbed to Rs1.661 trillion in July 2025. Aftab Maken In a setback to the government’s financial reform drive, Pakistan’s power sector circular debt rose by Rs47 billion in July 2025, just weeks after a high-level decision to …
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Aftab Maken ISLAMABAD: Finance Minister Muhammad Aurangzeb on Tuesday said Pakistan’s agricultural sector has been brought under the tax net and renegotiated agreements with Independent Power Producers (IPPs) have led to lower electricity prices, with further relief expected in the coming days. He added that losses in the power sector …
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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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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 …
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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 …
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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 …
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Aftab Maken In a significant development, the Government has decided to withdraw proceedings initiated by NEPRA against Independent Power Producers (IPPs) for abnormal profits and excess savings in fuel and operations & maintenance (O&M) costs. Additionally, the government has terminated the agreement with PakGen Power Limited and included KAPCO in …
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The federal cabinet, chaired by Prime Minister Shehbaz Sharif, has approved revised agreements with 14 Independent Power Producers (IPPs), potentially reducing electricity prices by up to Rs11 per unit. Based on the Power Division’s recommendations, the cabinet endorsed renegotiated contracts with these IPPs, leading to a reduction of Rs802 billion …
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The officials of the National Electric Power Regulatory Authority (NEPRA) have revealed that the imposition of fixed charges on consumers aims to cover capacity payments, which currently stand at an annual figure of Rs 2 trillion. In a meeting of the National Assembly’s Standing Committee on Power, chaired by Muhammad …
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Federal Minister for Power, Awais Leghari, announced that the privatization of the electricity distribution system is in progress, and by 2025, the government will no longer manage the buying and selling of electricity. Addressing a press conference in Islamabad, the minister highlighted that electricity trading between consumers and companies at …
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