Month: April 2021

No privatisation, no sale of DISCOs shares: Govt to hand over management of DISCOs to private sector

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ISLAMABAD: The government will neither privatize its all electric power distribution companies (DISCOs) nor sell out their shares as well, rather it will hand over management of every company and outsource the high losses feeders to the private sector. This will ensure to make DISCOs efficient by scaling down losses and increasing the recovery of the billed electricity to consumers to make the power sector sustainable.” Special Assistant to the Prime Minister on Power and Petroleum Mr Tabish Gauhar disclosed this to The News in an interview here on Thursdays.…

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Rawalpindi to get 100 electric buses

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A comprehensive plan has been formulated on Punjab Chief Minister Usman Buzdar’s directives to provide international standard public transport to citizens living in major cities like Lahore, Rawalpindi, Faisalabad, and Multan. According to details, 100 electric buses will be run in Rawalpindi to modernise these cities’ transport system for which a new route plan will be designed. Route No. 1 will be from Saddar to New Airport Islamabad. Route No. 2 from Rawat to Saddar, Route No. 3 from Faizabad via IGP Road to Airport and from Sangjani to Radio…

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Use of RLNG by K-Electric to cost Rs18 billion

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K-Electric has said that enhanced use of re-gasified liquefied natural gas (RLNG) to meet growing demand for power from the city of ports during the summer season will cost an additional Rs18 billion during March-September and consumers will partially share the cost. Besides, the company has decided to provide maximum possible relief to its consumers during Ramazan, but it would strictly follow its policy of intentional load-shedding of up to seven hours a day in 25% areas in the city, said K-Electric CEO Syed Moonis Abdullah Alvi. The company resorts to intentional…

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IMF: Misplaced expectations?

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Prime Minister Imran Khan while remarking on (the United Nations Development Programme’s) UNDP’s Pakistan National Human Development Report stated it is time for a new International Monetary Fund (IMF) package given the economic disruptions ahead due to a “very scary” third wave of Covid-19. These sentiments, be they coincidental or by design, mirror the sentiments expressed in a report titled ‘Pakistan Development Update’ released by the World Bank the same day wherein it was stated that “Pakistan’s economic growth is expected to recover slowly, given heightened uncertainty surrounding the Covid-19…

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Unlocking Pakistan’s destiny — One SMB at a time

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As a nation, Pakistan reigns as master of its potential yet buckles in the face of prevailing challenges. The country is confronted by uncertain geo-political realities. It shares borders with nations that are home to the second- and third-largest defence budgets globally, while the world’s lone superpower and biggest military spender retains key interests in the region. Closer to home, trade imbalances and debt intricacies continue to be a factor in macro-economic conversations. Elsewhere, UN projections regarding Pakistan’s ongoing population explosion makes for grim reading. The world body predicts: by…

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