Author: Admin

Tariff Subsidy Dispute Drags On as Mediation Faces Delays

Admin
K-Electric-3

ISLAMABAD: The tariff differential subsidy dispute involving K-Electric (KE), the government, and state-owned enterprises (SOEs) remains unresolved, as mediation efforts continue to face hurdles. The Karachi Water and Sewerage Board (KWSB) has refused to cooperate, further delaying the resolution process. The government had appointed a mediator to address KE’s claims for tariff differential subsidies and payables from entities such as Central Power Purchasing Agency-Guarantee (CPPA-G), National Transmission and Despatch Company (NTDC), and Sui Southern Gas Company (SSGC). However, a settlement remains elusive. The dispute, which has unsettled foreign investors in…

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PM Shehbaz to Meet IMF Chief in Dubai Ahead of $1 Billion Loan Review

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Shahbaz-Sharif1

ISLAMABAD: Prime Minister Shehbaz Sharif will meet International Monetary Fund (IMF) Managing Director Kristalina Georgieva today (Tuesday) in Dubai, just weeks before the March 3 review talks for Pakistan’s $1 billion second loan tranche. The high-stakes meeting will take place on the sidelines of the World Governments Summit, where global leaders, policymakers, and private sector figures are gathering to discuss governance, innovation, and international cooperation. Pakistan requested the meeting, but its agenda remains undisclosed. This marks the third meeting between PM Shehbaz and Georgieva in the past 10 months. The…

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Business Leaders Oppose Security Deposit Hike, Urge NEPRA to Reject Proposal

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Nepra-KE-1

Business Leaders Oppose Security Deposit Hike, Urge NEPRA to Reject Proposal February 11, 2025 KARACHI: Business leaders have strongly opposed the proposed hike in security deposit rates by electricity distribution companies (DISCOs), urging the National Electric Power Regulatory Authority (NEPRA) to reject the move, which they argue would severely impact industrial growth and economic competitiveness. Karachi Chamber of Commerce and Industry (KCCI) President Muhammad Jawed Bilwani warned that the proposed increase—such as the rise in B2 security deposits from Rs2,010 per kilowatt to Rs54,783/KW—is excessive and financially unsustainable for businesses.…

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Oil Prices Rise Amid US Tariff Concerns

Admin
Oil-Price

SINGAPORE: Oil prices edged higher on Monday despite investor concerns over US President Donald Trump’s latest tariff threat on steel and aluminium imports, which could slow global economic growth and energy demand. Brent crude futures rose 51 cents (0.7%) to $75.17 per barrel by 0444 GMT, while US West Texas Intermediate (WTI) crude climbed 45 cents (0.6%) to $71.45 per barrel. The gains come after oil markets recorded a third consecutive weekly decline last week amid fears of an escalating trade war. Trump announced plans to impose 25% tariffs on…

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Serious Anomalies Found in Coal Procurement for Sahiwal Power Plant

Admin
Power-Plants

ISLAMABAD: A fact-finding committee of the National Electric Power Regulatory Authority (Nepra) has uncovered significant irregularities in the coal procurement process for the Sahiwal Power Plant. The committee has recommended a series of corrective measures, including the establishment of an independent regulatory authority to safeguard electricity consumers from unjustified costs. The four-member committee was formed last year following complaints from coal suppliers regarding an agreement between the Sahiwal Power Plant management and Awan Trading Company. Former Energy Minister and current Special Assistant to the Prime Minister, Muhammad Ali, had called…

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