Author: Admin

World Bank Calls for Credible Marginal Pricing to Tackle Power Sector Challenges

Admin
World-Bank

ISLAMABAD: The World Bank has stressed the urgent need for a credible marginal price determination mechanism in Pakistan’s power sector, supported by transparent data, robust systems and independent oversight, as the country faces mounting structural challenges stemming from rapid solarisation and persistent circular debt. The issue was discussed during a meeting between World Bank Country Director Bolormaa Amgaabazar and Federal Minister for Power Sardar Awais Leghari, where both sides reviewed ongoing World Bank–supported projects and broader reform efforts in the power sector. The meeting also provided an opportunity for the…

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IESCO Declared Rs1 Billion Rent Defaulter for Using Municipal Properties in Rawalpindi

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power-transmission

RAWALPINDI: In an unprecedented move involving a federal utility, the District Rent Assessment Committee (DRAC) and the Rawalpindi Municipal Corporation (RMC) have declared the Islamabad Electric Supply Company (IESCO) a defaulter, determining that it owes nearly Rs1 billion in unpaid rent for the use of municipal properties in Rawalpindi. On the directives of the Rawalpindi commissioner and administrator, IESCO has been served a notice to clear the outstanding dues within 15 days for its continued occupation of 11 commercial properties owned by the municipal corporation over the past 65 years.…

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OGRA Plans to End Fixed Asset-Based Returns in Gas Pricing Reform

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OGRA-GAS

ISLAMABAD: In line with the government’s plan to restructure state-owned gas utilities, the Oil and Gas Regulatory Authority (OGRA) has initiated a review of the existing gas pricing mechanism that allows guaranteed returns on fixed assets, citing evolving gas sector dynamics and ongoing market liberalisation. The federal government had directed OGRA to restructure the two public gas utilities—Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC)—by phasing out the asset-based return model. To this end, OGRA engaged consultancy firm KPMG to evaluate the current pricing formula, and…

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KCCI Rejects Gas Tariff Freeze, Demands Substantial Price Cuts for Industry

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KCCI-Project

KARACHI: The leadership of the Karachi Chamber of Commerce and Industry (KCCI) has expressed strong dissatisfaction over the government’s decision to freeze gas tariffs for six months, terming it an inadequate and cosmetic relief that fails to address the core challenges faced by industry. In a joint statement issued on Thursday, Businessmen Group (BMG) Chairman Zubair Motiwala and KCCI President Rehan Hanif said the business community had repeatedly urged the government to announce a meaningful reduction in gas tariffs to lower the cost of doing business and improve industrial competitiveness.…

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Nepra Approves 93-Paisa per Unit Fuel Cost Refund for January Bills

Admin

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved a fuel cost adjustment (FCA) relief of 93 paise per unit for electricity consumers across the country, including K-Electric. The refund will be passed on in electricity bills for January 2026 against power consumption in November 2025. In its notification issued on Thursday, Nepra said it had determined a negative FCA of Rs0.9326 per kilowatt-hour (kWh) for November. The relief will apply to all consumer categories of distribution companies, including K-Electric, except lifeline consumers, protected consumers, electric vehicle charging stations…

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