Year: 2025

Govt Pushes Ahead with NEV Policy, Unveils Rs100 Billion EV Subsidy

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electrical-vehicles

ISLAMABAD:The government has taken a major step toward promoting clean transportation by advancing the National Electric Vehicle (NEV) Policy with a proposed subsidy package of Rs100 billion. The announcement was made during a high-level meeting chaired by Haroon Akhtar Khan, Special Assistant to the Prime Minister on Industries and Production. The meeting, attended by representatives of the Pakistan Banking Association and top insurance firms, focused on the framework and financial mechanisms to support the shift to electric vehicles. Haroon Akhtar Khan emphasized that the substantial subsidy reflects Prime Minister Shehbaz…

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SSGC Blames KMC, TMCs for Karachi’s Dug-Up Roads Despite Rs11.9 Billion Disbursed

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SSGC

KARACHI:The Sui Southern Gas Company (SSGC) has defended itself against criticism over dug-up roads across Karachi, stating that it disbursed Rs11.9 billion to the Karachi Metropolitan Corporation (KMC) and various Town Municipal Corporations (TMCs) for road-cutting and rehabilitation between July 2024 and June 2025. While political and civic groups have blamed the utility for damaging roads to lay pipelines, SSGC sources clarified that the company made timely payments as required, and the responsibility for restoring the roads lies with the municipal bodies. According to SSGC data, the highest payments—Rs3.55 billion—were…

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Govt Rules Out New Power Surcharge, Announces Tariff Cut

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Your-Bill

ISLAMABAD:The Power Division has clarified that there is no plan to impose a new power surcharge on electricity bills to cover commercial loans taken to reduce the circular debt. This assurance came during a public hearing convened to consider the division’s motion for reducing the national electricity tariff by up to Rs1.15 per unit due to tariff rebasing. Officials stated that the average national tariff would decrease from Rs32.73 to Rs31.59 per unit. All consumers, except those in the lifeline category, will benefit from the Rs1.15 per unit cut in…

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FCA: Nepra, Karachi stakeholders oppose PD proposal

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nepra

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) and several Karachi-based stakeholders have strongly opposed the Power Division’s proposal to defer a Rs 4.69 per unit negative fuel cost adjustment (FCA) for K-Electric (KE) consumers for April 2025. The adjustment would have resulted in refunds of nearly Rs 6 billion in electricity bills issued in July 2025. KE CEO Syed Moonis Abdullah Alvi criticized the proposed deferment, pointing out that when KE consumers faced higher FCAs in the past, the idea of a uniform national FCA mechanism was never considered.…

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Oil rises on signs of strong demand, investors await OPEC+ output decision

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oil

NEW YORK: Oil prices edged higher on Tuesday as investors took stock of positive demand indicators, while also treading cautiously ahead of an OPEC+ meeting to decide the group’s August output policy. Brent crude was up 18 cents, or 0.3%, to $66.92 a barrel at 11:36 a.m. ET (1536 GMT), while U.S. West Texas Intermediate crude was up 27 cents, or around 0.4%, to $65.38 a barrel. The gains were likely due to supportive data from a private-sector survey in China, which showed factory activity returned to expansion in June,…

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