IMF Pressures Pakistan on Power Rates Amid Expected Rupee Devaluation


ISLAMABAD: The International Monetary Fund (IMF) has urged Pakistan to base the next increase in power tariffs on an anticipated further devaluation of the rupee rather than assuming the current stable value of the local currency. This recommendation could exacerbate the already significant burden on electricity consumers, as the government had previously planned a rate hike of up to Rs7…

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Government Reviews K-Electric Model for DISCOs Privatization


ISLAMABAD: The federal government is examining the K-Electric (KE) privatization model while considering various options for the privatization of other power distribution companies (DISCOs). A committee formed by the prime minister recently held extensive deliberations to determine the most suitable model for the power sector, focusing on privatization and concession models. The discussion aimed to address critical issues and identify…

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Government Seeks to Shift Cost of Defaulters’ Bills to Paying Consumers


ISLAMABAD: Struggling to recover over Rs1.3 trillion in outstanding dues from chronic private defaulters, the government has proposed an immediate additional cost of Rs1.45 per unit to be charged to paying power consumers for three months, aiming to raise an additional Rs52 billion. At a public hearing led by National Electric Power Regulatory Authority (Nepra) Chairman Waseem Mukhtar, the Power…

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WAPDA Chairman Visits Diamer-Bhasha Dam Site


GILGIT: WAPDA Chairman, retired Lt Gen Sajjad Ghani, visited the Diamer-Bhasha Dam site on Friday to review the ongoing construction activities and assess the progress of the work. During the visit, Mr. Ghani was informed that work is actively underway at 14 key sites of the project, which is located across the Indus River, 40 km downstream of Chilas town…

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Karachi German Consul General Assured to Prioritize Visas to Businessmen Atif Ikram Sheikh

Karachi: Mr. Atif Ikram Sheikh, President FPCCI, has said that the German Consul General in Karachi, H. E. Rüdiger Lotz, has apprised the business, industry and trade community from the apex platform of FPCCI that the business visas will be given priority in the visa issuance to Pakistani citizens as economic relations top the agenda. It is pertinent to note…

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