Day: November 6, 2025

Power Sector Circular Debt Rises to Rs1.69tr in Q1FY26

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New-DEBT

ISLAMABAD: Pakistan’s chronic power sector circular debt surged by Rs79 billion in the first quarter (July–September) of fiscal year 2025–26, pushing the total to Rs1.693 trillion by the end of September, according to the latest report released by the Power Division. The debt stock, which was Rs1.614 trillion at the close of FY2024–25, has resumed its upward trajectory, reigniting concerns over inefficiencies, financial leakages, and weak governance within the electricity supply chain. Energy experts attributed the increase to persistent power theft, poor bill recoveries, and structural weaknesses across state-run distribution…

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Fossil Fuel Demand Declines as Solar Energy Gains Momentum

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Solar-Energy

KARACHI: After decades of dependence on imported and domestic fossil fuels, Pakistan’s energy landscape is witnessing a fundamental shift toward cheaper, cleaner, and more sustainable sources. Fiscal Year 2024 (FY24) marked a turning point, with shrinking energy supplies, subdued consumption, and growing economic pressures reshaping how the nation meets its power needs. According to the Pakistan Energy Market Review (PEMR) 2025 by Renewables First, the country’s primary energy supplies fell for the second consecutive year in FY24, while final energy consumption saw a steep decline due to affordability challenges and…

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K-Electric Secures Interim Stay Against NEPRA’s Order

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K-Electric

KARACHI: K-Electric Limited has obtained interim relief from the Sindh High Court after challenging a recent decision by the National Electric Power Regulatory Authority (NEPRA), marking the latest development in the utility’s ongoing legal battle over regulatory determinations it claims are detrimental to its operations. The company confirmed that it has filed an appeal before the NEPRA Appellate Tribunal under Section 12-G of the NEPRA Act, 1997, contesting NEPRA’s order issued on October 20, 2025. This appeal follows KE’s earlier notification on October 21, in which it formally disclosed its…

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APTMA Urges Transparency and Accountability in Gas Tariff Framework

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New-APTMA

ISLAMABAD: The All Pakistan Textile Mills Association (APTMA) has called on the Oil and Gas Regulatory Authority (OGRA) to ensure full transparency in the tariff structures of gas utilities, urging the establishment of a comprehensive framework for the verification and reconciliation of Unaccounted-for-Gas (UFG) and Regasified Liquefied Natural Gas (RLNG) cost actualisation data. In a detailed intervention submitted ahead of Sui Northern Gas Pipelines Limited’s (SNGPL) tariff adjustment hearing scheduled for Thursday (today), APTMA argued that OGRA was legally obligated to hold a public hearing and determine the final RLNG…

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K-Electric Board Meeting Cancelled Due to Lack of Quorum Amid Governance Uncertainty

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NEPRA-KE

ISLAMABAD: A scheduled meeting of K-Electric’s Board of Directors was called off on Wednesday after failing to meet quorum requirements, stalling what appeared to be a government-driven attempt to deliberate on key management and governance matters. The cancellation came just a day after the Sindh High Court granted a stay order on the National Electric Power Regulatory Authority’s (NEPRA) revised multi-year tariff (MYT) determination—a ruling widely regarded as a significant relief for the company’s current leadership. According to a notice submitted to the Pakistan Stock Exchange (PSX), the board meeting,…

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