Author: Admin

Pakistan & the IMF: A Cycle of Dependency or a Path to Reform?By Asad Ali Shah

Admin
New-IMF

Amid ongoing economic and political uncertainty, Pakistan finds itself at a crossroads—struggling to navigate its 25th IMF program while confronting deep-rooted structural challenges. While IMF programs provide short-term stabilization, they fail to address the real cause of Pakistan’s deepening insolvency—our lack of productivity and innovation to drive export-led growth. Instead of making the economy more competitive, these programs lead to policies that further erode our global competitiveness, leaving Pakistan more dependent on external support rather than fostering self-sustaining growth. I had the privilege of discussing these critical issues with Dr.…

Read More

NBP Pledges to Accelerate Action on Gender Equality on International Women’s Day

Admin
New-NBP

Karachi (Mar 07, 2025): National Bank of Pakistan commemorated International Women’s Day by inviting Dr. Shehla Najeeb Sidiki, Dean of Faculty of Liberal Arts and Human Sciences Ziauddin University, Karachi and Muqaddas Abdul Rasheed, a young football player from Lyari to a session at NBP Head Office, Karachi. The session was attended by female staff of the Bank, including many who are part of the senior management. Mr. Rehmat Ali Hasnie, President & CEO NBP, Mr. Asim Baig, Group Head HRMG NBP, and the senior leadership team of the Bank…

Read More

KE launches Energy Progress-Innovation Challenge

Admin
power sector

EU Report KARACHI: Committed to fostering creativity, innovation, and localisation in the energy sector, K-Electric has launched Energy Progress & Innovation Challenge (EPIC) 2025. Building on the resounding success of its pioneering 7/11+ Innovation Challenge introduced in 2022, EPIC will unite entrepreneurs, academia, researchers, and think tanks to develop cutting-edge solutions for the energy industry. Innovators may address K-Electric’s predefined challenge statements or propose their own transformational ideas. This year’s EPIC Challenge spotlights carefully deliberated themes that align with regulatory priorities and key customer challenges, including “Tamper-proof PMT-based load-shedding solutions”…

Read More

NPCC warns of lower hydel generation

Admin
NPCC

EU Report ISLAMABAD: The National Power Control Centre (NPCC) has warned that hydel generation this summer will be lower than last year due to reduced water and snow availability, leading to increased reliance on expensive RLNG-fired electricity. This information was shared by an NPCC representative during a public hearing at NEPRA regarding the negative Fuel Charges Adjustment (FCA) request submitted by the Central Power Purchasing Agency-Guaranteed (CPPA-G) for January 2025. CPPA-G has requested a negative adjustment of Rs 2.003/kWh to be applied in March 2025, replacing the current negative FCA…

Read More

First Year in Power Average Electricity rate reduced by Rs4.96 per Kwh: Leghari

Admin
electricity

The present Pakistan Muslim League (Nawaz)-led federal government during its first year in power has been able to reduce the average electricity rate for consumers in Pakistan by Rs4.96 per Kwh. The Power Minister, Awais Ahmed Khan Leghari, disclosed this in his presentation before the recently convened special meeting of the federal cabinet to review the one-year performance of the government. Leghari told cabinet colleagues and senior government functionaries that the average per unit cost of electricity in Pakistan had stood at Rs48.70 inclusive of all taxes in June 2024. He…

Read More