Author: Admin

NEPRA Tariff Member Resigns Amid PM’s Displeasure and Sector CriticismMathar Niaz Rana steps down ahead of term amid stalled projects, regulatory delays

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New-NEPRA

KARACHI: The federal government has accepted the resignation of Mathar Niaz Rana, Member Tariff at the National Electric Power Regulatory Authority (NEPRA), following growing dissatisfaction with his performance from both within the government and the energy sector. Rana, a former top bureaucrat who previously served as Chief Secretary in Balochistan, resigned four months before completing his term. His appointment had been made on Balochistan’s recommendation, but insiders say that his extension was unlikely due to mounting criticism over his handling of key regulatory matters. While no formal reason was cited…

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Pakistan, IFC Join Forces to Fast-Track Electric Mobility RevolutionFocus on Two- and Three-Wheelers to Drive Sustainable Transport Shift

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electric-vehicle2

ISLAMABAD: In a major step toward accelerating Pakistan’s transition to electric mobility, the Ministry of Industries and the International Finance Corporation (IFC) have signed a landmark cooperation agreement aimed at boosting investment and reforming the policy landscape for electric two- and three-wheelers (e-2/3Ws). The new partnership seeks to unlock the potential of Pakistan’s electric vehicle (EV) sector by addressing legal, regulatory, and market barriers. The IFC will offer technical support to streamline regulations, assist in policy development, and bolster standards across the e-2/3Ws value chain. Key regulatory stakeholders—including the Engineering…

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$8 Trillion Showdown: Rare Earth Minerals Ignite Federal-Provincial Rift in Pakistan

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Reko-Diq

ISLAMABAD: Pakistan is heading toward a major political and constitutional confrontation as the federal government and provinces clash over control of the country’s vast rare earth mineral reserves—strategic resources now seen as more valuable than oil and gas. Senior analyst Najam Sethi recently spotlighted the brewing conflict on his television show, highlighting disputes over ownership, control, and revenue-sharing from rare earth mining projects. With estimated reserves valued at an astonishing US$8 trillion—nearly 20 times Pakistan’s current GDP—the stakes are monumental. Provinces assert their constitutional right to up to 90% of…

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Govt Moves to Save Rs1.6tr Through Revised Power Plant Agreements

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NEPRA-Office

ISLAMABAD: In a major cost-cutting initiative, the federal government has formally approached the National Electric Power Regulatory Authority (Nepra) seeking approval to revise power purchase agreements with four public sector power plants, aiming to save approximately Rs1.58 trillion over their remaining operational lifespans. The proposed revisions include transitioning from the current ‘take-or-pay’ model to a ‘hybrid take-and-pay’ structure, lowering the return on equity (RoE), and capping dollar indexation at Rs168. Nepra has scheduled a public hearing for April 24 to assess the proposal jointly submitted by the Central Power Purchasing…

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