Author: Admin

IMF Pressure Forces Govt to Hike Gas Tariffs from July 1 to Curb Utility Deficits

Admin
Gas-IMF

ISLAMABAD: Facing mounting pressure from the International Monetary Fund (IMF), the government has no choice but to raise gas sale prices from July 1, in line with conditions to eliminate deficits in the country’s gas utilities. Under the IMF-endorsed 2022 amendment, gas tariffs must be revised annually to ensure zero fiscal shortfall for Sui companies. As a result, a gas price hike is now imminent to address the Rs 40 billion deficit faced by Sui Northern Gas Pipelines Limited (SNGPL), according to a senior official in the Ministry of Energy.…

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Engineer Muhammad Shahid Nazir Appointed as MD of National Grid Company of Pakistan

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Shahid-Nazir

LAHORE: Engineer Muhammad Shahid Nazir has been appointed as the Managing Director of the National Grid Company of Pakistan (formerly NTDC), following formal approval by the company’s Board of Directors. Prior to his elevation, Engineer Nazir served as General Manager Project Delivery (North), where he played a key role in executing major national transmission projects, including his leadership as Project Director for the Matiari–Lahore HVDC Transmission Line—a milestone in Pakistan’s power infrastructure. He also brings valuable international experience, having served abroad on deputation. Engineer Nazir takes over the role from…

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Govt Finalizes Landmark Rs1.275 Trillion Loan Deal with Banks to Tackle Power Sector Debt

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Circular-Debt

ISLAMABAD: In a historic move to address Pakistan’s mounting circular debt in the power sector, the government has finalized a record loan agreement worth Rs 1.275 trillion with around 18 commercial banks. The deal, which comes after months of negotiations over term sheets and legal frameworks, now awaits final approval from the Federal Cabinet. The financing arrangement is part of the government’s broader circular debt reduction plan—endorsed by the International Monetary Fund (IMF)—and aims to offset a significant portion of the Rs 2.3 trillion debt, including Rs 700 billion currently…

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Special Power Tariff Relief Continues Amid Rising Generation Costs

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electricty

ISLAMABAD: Despite escalating electricity generation costs, the special relief of Rs7.41 per unit in power tariff—announced by Prime Minister Shehbaz Sharif—remains in effect, the Ministry of Energy confirmed on Saturday. The ministry attributed the surge in power costs to a historic low in hydropower generation and increased reliance on expensive thermal power plants using alternative fuels. To mitigate the impact, provincial governments and federal ministries have been directed to enforce Energy Efficient Building Codes, particularly during periods of extreme temperatures. Further relief measures include the upcoming launch of energy-efficient fans,…

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If attempt is made to stop Pakistan’s water, military option will be open”: WAPDA Chairman

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Pakistan's water

WAPDA Chairman Lieutenant General (Retd) Sajjad Ghani has stated that if India attempts to stop Pakistan’s water, the military option will be open. Speaking in Karachi, he emphasized that Pakistan will fully defend its water rights and considers stopping water an act of war. He added that India has limited capability to stop water on the Chenab and Indus rivers and would require significant capacity and time to do so. Ghani stressed that Pakistan will thwart India’s intentions and if an attempt is made to stop Pakistan’s water, the military…

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