Author: Admin

Who Pays What Under New Electricity Tariffs

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Your-Bill

In a decisive move to ease the burden of high-power costs, Prime Minister Shehbaz Sharif has announced a new electricity tariff structure, with immediate implementation. The new rates bring much-needed relief to low-usage households while setting a transparent framework for commercial, industrial, and agricultural sectors. 🔌 Here’s What You’ll Pay Now: The new pricing structure aims to provide targeted relief to low-income and middle-class households while supporting industrial and export competitiveness. The government hopes these measures will help reinvigorate economic activity and reduce inflationary pressures.

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Cheaper Power to Revive Economy: Business Leaders Laud PM’s Tariff Cut

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Tariff-Cut

KARACHI: Pakistan’s business community has welcomed Prime Minister Shehbaz Sharif’s decision to reduce electricity tariffs, calling it a crucial step toward easing the burden on consumers and reviving industrial activity. M. Abdul Aleem, Secretary General of the Overseas Investors Chamber of Commerce and Industry (OICCI), termed it a “positive move,” especially in light of stringent IMF conditions and limited fiscal flexibility. However, he emphasized the need for further policy measures to stimulate the large-scale manufacturing (LSM) sector. Ehsan Malik, CEO of the Pakistan Business Council (PBC), also praised the initiative,…

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OGDCL Announces Revival of Oil & Gas Production from Chak # 2-2 Well in Sanghar, Sindh

Admin

ISLAMABAD, April 03, 2025: Oil and Gas Development Company Limited (OGDCL) on Thursday announced the successful revival of oil and gas production from Chak # 2-2 Well, a joint venture in the Sinjhoro Block, located in the Sanghar district of Sindh. This achievement underscores OGDCL’s commitment to enhancing the country’s hydrocarbon resources and ensuring energy security.The Sinjhoro Block comprises OGDCL as the Operator with a 62.5% working interest, alongside Government Holdings (Private) Limited (GHPL) with 22.5%, and Orient Petroleum Inc. (OPI) holding a 15% share.Following a sidetrack and recompletion in…

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PM Shehbaz Announces Rs7.41 Per Unit Power Rate Cut to Revive Economy

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New-Project

Islamabad: In a major relief for consumers and businesses, Prime Minister Shehbaz Sharif on Thursday unveiled a substantial reduction in electricity tariffs, slashing rates by Rs7.41 per unit for residential users and Rs7.59 per unit for commercial consumers. “With this reduction, electricity will now be provided at Rs34.37 per unit for residential consumers,” the premier announced during a ceremony, emphasizing that lower power costs are crucial for boosting industrial growth, agriculture, trade, and exports. The move follows a *15% month-on-month decline in power generation, which hit a five-year low of…

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Sindh Energy Department Defends Performance, Blames Centre for Slow Renewable Energy Growth

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renewal-energy

KARACHI: The Sindh Energy Department has defended its performance in response to recent criticism, attributing the slow expansion of renewable energy across provinces to faulty planning at the federal level. A handout issued by the department highlights systemic barriers imposed by the *single-buyer model, under which the *Central Power Purchasing Agency (CPPA) controls electricity procurement. This structure prevents Sindh from independently selling power from its renewable projects, restricting its ability to develop large-scale grid-connected initiatives. Sindh’s Renewable Energy Initiatives Despite federal constraints, Sindh leads the nation in renewable energy production…

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