Day: July 1, 2025

PAC Orders K-Electric to Pay Sindh Govt Rs700 Million Monthly in Electricity Duty

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New-KE

KARACHI: The Public Accounts Committee (PAC) of the Sindh Assembly has ordered K-Electric to start paying the Sindh government between Rs500 million to Rs700 million monthly from electricity duty collections, effective retroactively from September 2024. The directive follows a dispute over Rs32 billion that K-Electric has collected from consumers under electricity duty but has yet to transfer to the provincial government. The PAC, chaired by Nisar Khuhro, ruled that the monthly payments must continue until the issue is resolved, including KE’s pending receivables of Rs23.5 billion from the Karachi Water…

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IPPs Warn: Proposed Furnace Oil Levies to Hike Power Costs, Threaten Refineries

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IPPs

ISLAMABAD: Independent Power Producers (IPPs) have cautioned the government that proposed levies on furnace oil (FO) in the 2025–26 federal budget could sharply increase electricity generation costs and severely impact refinery operations. In formal communications to the Petroleum Division, the Hub Power Company (Hubco) and the IPPs Advisory Council (IPPAC) raised alarms over the draft Finance Bill’s proposed imposition of a Rs77 per litre Petroleum Levy (PL) and a Rs2.5 per litre Carbon Levy (CL), effective July 1, 2025. Combined, these would raise FO prices by over Rs84,700 per metric…

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Govt to Stop Collecting Electricity Duty Through Bills from July 2025

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New-IPPS1

ISLAMABAD:Federal Energy Minister Awais Leghari has formally written to all provincial chief ministers, announcing the government’s decision to discontinue the collection of Electricity Duty through power bills starting July 1, 2025. In his communication, Leghari urged provincial governments to support efforts to streamline billing by eliminating various add-on charges that burden consumers. He emphasized that already high electricity tariffs are made even more complex and confusing due to multiple taxes and levies being bundled into monthly bills. The minister underscored the federal government’s ongoing reforms to bring down electricity costs,…

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Gas Price Hike Raises Power Generation Cost by Re1 per Unit

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Gas-Prices

ISLAMABAD: The cost of electricity from gas-fired power plants has increased by Re1 per unit following a 17% hike in gas prices by the government, taking the rate from Rs1,050 to Rs1,225 per unit effective July 1. At a public hearing conducted by the National Electric Power Regulatory Authority (Nepra), Central Power Purchasing Agency (CPPA) CEO Rehan Akhtar explained that despite the increase, gas-based power generation remains more economical compared to imported coal and LNG-based alternatives. Akhtar noted that the CPPA had initially requested a fuel cost adjustment (FCA) of…

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Pakistani Delegation in Washington to Finalize Key Trade Deal with U.S.

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usa-pak

WASHINGTON, July 1, 2025: A high-level Pakistani delegation has arrived in Washington to finalize a crucial trade agreement aimed at resetting economic ties with the United States and reducing tariffs on Pakistani exports. Led by Commerce Secretary Jawad Paal, the delegation is set to meet with U.S. Trade Representative Jamieson Greer and senior officials from the Departments of Commerce and State. The talks, ongoing for over a month, are expected to conclude this week, according to Pakistan’s Finance Ministry. The visit follows a key meeting between Finance Minister Muhammad Aurangzeb…

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