Day: May 30, 2025

If attempt is made to stop Pakistan’s water, military option will be open”: WAPDA Chairman

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Pakistan's water

WAPDA Chairman Lieutenant General (Retd) Sajjad Ghani has stated that if India attempts to stop Pakistan’s water, the military option will be open. Speaking in Karachi, he emphasized that Pakistan will fully defend its water rights and considers stopping water an act of war. He added that India has limited capability to stop water on the Chenab and Indus rivers and would require significant capacity and time to do so. Ghani stressed that Pakistan will thwart India’s intentions and if an attempt is made to stop Pakistan’s water, the military…

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Federal Minister for Petroleum Ali Pervaiz Malik engages with OICCI

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Federal Minister for Petroleum Ali Pervaiz Malik

Karachi, May 30, 2025: Federal Minister for Petroleum, Mr. Ali Pervaiz Malik held a detailed interactive session with the Overseas Investors Chamber of Commerce and Industry (OICCI), attended by senior business leaders from both local and multinational companies. Discussions focused on Pakistan’s energy priorities and the path to long-term economic stability. The Minister reaffirmed the government’s commitment to structural reforms, accelerated policy execution, and enhanced industry engagement. He outlined key investment opportunities in upstream exploration, pipeline development, and downstream processing, aligned with the global shift toward cleaner energy. He further…

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Power Division Slams SEPCO, HESCO Over Poor Performance and Rising Losses

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ISLAMABAD: The Power Division has voiced serious concerns over the deteriorating performance of Sindh-based power distribution companies SEPCO (Sukkur Electric Supply Company) and HESCO (Hyderabad Electric Supply Company). During a session of the National Assembly Standing Committee on Power, chaired by Muhammad Idrees, Federal Minister for Power Awais Leghari criticized both companies for increasing line losses while other DISCOs are showing improvement. Leghari blamed political interference, particularly from the Pakistan Peoples Party, for the failure to replace the existing boards of SEPCO and HESCO. He also noted that the Acting…

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Govt Weighs Withdrawal of Sales Tax Exemption on Solar Panels in Budget 2025-26

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solar

ISLAMABAD: The federal government is reviewing a proposal to withdraw the sales tax (ST) exemption currently applicable to solar panels in the upcoming 2025-26 federal budget, Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial confirmed on Thursday. Responding to a question during a Senate Standing Committee on Finance meeting at Parliament House, Langrial stated that the FBR is examining options to phase out various tax exemptions, including those for imported solar equipment. The move, if finalized, could impact the affordability of solar energy solutions amid growing demand for clean…

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Industrial Consumers Slam Unpredictable Power Tariff Hikes, Demand Transparency

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Power-sector

ISLAMABAD: Industrial power users on Thursday voiced strong criticism over the latest hike in electricity tariffs, denouncing the unpredictable fuel cost adjustments (FCA) despite repeated government promises of sectoral reforms and lower power rates. During a public hearing led by National Electric Power Regulatory Authority (Nepra) Chairman Waseem Mukhtar, stakeholders objected to the proposed Rs1.27 per unit FCA by distribution companies (Discos). Industrial representatives, particularly from Karachi and the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), said the hike undermines the recent tariff relief of Rs7.41 per unit…

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