Author: Admin

IPPs Warn: Proposed Furnace Oil Levies to Hike Power Costs, Threaten Refineries

Admin
IPPs

ISLAMABAD: Independent Power Producers (IPPs) have cautioned the government that proposed levies on furnace oil (FO) in the 2025–26 federal budget could sharply increase electricity generation costs and severely impact refinery operations. In formal communications to the Petroleum Division, the Hub Power Company (Hubco) and the IPPs Advisory Council (IPPAC) raised alarms over the draft Finance Bill’s proposed imposition of a Rs77 per litre Petroleum Levy (PL) and a Rs2.5 per litre Carbon Levy (CL), effective July 1, 2025. Combined, these would raise FO prices by over Rs84,700 per metric…

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Govt to Stop Collecting Electricity Duty Through Bills from July 2025

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New-IPPS1

ISLAMABAD:Federal Energy Minister Awais Leghari has formally written to all provincial chief ministers, announcing the government’s decision to discontinue the collection of Electricity Duty through power bills starting July 1, 2025. In his communication, Leghari urged provincial governments to support efforts to streamline billing by eliminating various add-on charges that burden consumers. He emphasized that already high electricity tariffs are made even more complex and confusing due to multiple taxes and levies being bundled into monthly bills. The minister underscored the federal government’s ongoing reforms to bring down electricity costs,…

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Gas Price Hike Raises Power Generation Cost by Re1 per Unit

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Gas-Prices

ISLAMABAD: The cost of electricity from gas-fired power plants has increased by Re1 per unit following a 17% hike in gas prices by the government, taking the rate from Rs1,050 to Rs1,225 per unit effective July 1. At a public hearing conducted by the National Electric Power Regulatory Authority (Nepra), Central Power Purchasing Agency (CPPA) CEO Rehan Akhtar explained that despite the increase, gas-based power generation remains more economical compared to imported coal and LNG-based alternatives. Akhtar noted that the CPPA had initially requested a fuel cost adjustment (FCA) of…

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Pakistani Delegation in Washington to Finalize Key Trade Deal with U.S.

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usa-pak

WASHINGTON, July 1, 2025: A high-level Pakistani delegation has arrived in Washington to finalize a crucial trade agreement aimed at resetting economic ties with the United States and reducing tariffs on Pakistani exports. Led by Commerce Secretary Jawad Paal, the delegation is set to meet with U.S. Trade Representative Jamieson Greer and senior officials from the Departments of Commerce and State. The talks, ongoing for over a month, are expected to conclude this week, according to Pakistan’s Finance Ministry. The visit follows a key meeting between Finance Minister Muhammad Aurangzeb…

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Public Accounts Committee (PAC) directs K-Electric to pay Rs 700 million monthly duty collected from consumers to Sindh government

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K-Electric

The Public accounts Committee meeting, chaired by its chairman Nisar khoro & Secretary Energy Mushtaq Soomro MD water board Asad ullah khan commitee member and GM KE Saadia Dada were attendedthismeeting, PAC discussed K-Electric’s payment of Rs 32 billion to the Sindh government, pending since long. K-Electric has agreed to pay the Sindh government Rs 500-700 million monthly duty collected from consumers starting September 2024. The payment is contingent upon the settlement of K-Electric’s outstanding receivables of Rs 30.9 billion from Karachi Water and Sewerage Corporation and other Sindh government…

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