Year: 2025

Romania Celebrates 107th National Day in Karachi with Pakistan Romania Business Council

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New-Project100

Karachi, Romania marked its 107th National Day with a vibrant celebration at the Mövenpick Hotel in Karachi, in collaboration with the Pakistan Romania Business Council (PRBC). The event commemorated 61 years of diplomatic ties between Romania and Pakistan, highlighting cultural richness, enduring partnerships, and mutual respect. Attendees enjoyed a showcase of Romanian heritage through performances, exhibitions, and networking sessions, fostering stronger bilateral bonds in trade, culture, and diplomacy. This gathering served as the kickoff to the inaugural “Romanian Culture Days in Pakistan – Culture Bridges Nations,” a month-long series of…

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PMO Directs Power Division, AGP to Protect Pakistan’s Interests in Halmore Arbitration Case

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Halmore-Power

ISLAMABAD: The Prime Minister’s Office (PMO) has instructed the Power Division and the Attorney General for Pakistan (AGP) to take urgent and proactive measures to safeguard the government’s interests in the international arbitration initiated by M/s Halmore Power Company, sources told Business Recorder. According to officials, the directives were issued through a formal communication by Syed Hamid Ali, Additional Secretary-II (O/B) at the PMO, following a Notice of Arbitration filed by Mian Karim-ud-Din, owner of the 225MW Halmore Power Company, before the London Court of International Arbitration (LCIA). The case…

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OGRA Conducts Public Hearing to Review and Revise RLNG Prices After Court Order

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OGRA

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Thursday held a public hearing to review and revise Regasified Liquefied Natural Gas (RLNG) prices set over the past decade, following litigation and widespread protests from industrial and CNG consumers over retrospective billing amounting to nearly Rs150 billion. The hearing, held at the Sui Northern Gas Pipelines Limited (SNGPL) head office, was conducted in compliance with directions from the Lahore High Court, Multan Bench, issued in a writ petition dated October 11, 2025. The court had instructed OGRA to provide all…

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Industry Dismisses Government’s Claims of Circular Debt Reduction as New Tariff Hike Looms

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IPPs

ISLAMABAD: Industrial stakeholders have strongly refuted the government’s assertions of curbing circular debt and achieving tariff relief through revised agreements with independent power producers (IPPs) and the incremental consumption package. They stressed that the high cost of electricity continues to cripple industrial competitiveness and demanded further tariff reductions to revive production and exports. After witnessing a temporary decline in the latter half of the previous fiscal year, capacity charges have once again surged. Power distribution companies (DISCOs) have sought the National Electric Power Regulatory Authority’s (Nepra) approval to recover Rs21.7…

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Nepra Warns Circular Debt Will Persist Without Major ReformsPower tariffs to rise by Rs2.30 per unit; govt proposes Rs11 per unit cut for industrial, agricultural users on incremental consumption

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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has warned that Pakistan’s chronic circular debt crisis will continue to worsen unless systemic inefficiencies are reduced and recoveries significantly improve. The warning came on Thursday during a public hearing where the regulator reviewed the government’s request to recover an additional Rs8.4 billion from consumers over the next three months — December to February 2026 — through a Quarterly Tariff Adjustment (QTA) for the first quarter of the current fiscal year (July–September). The adjustment would add about 50 paisa per unit to…

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