Author: Admin

WB Urges Stronger Federal-Provincial Coordination on Reform Agenda

Admin
World-Bank

Islamabad: The World Bank has called for stronger coordination between federal and provincial governments to ensure effective implementation of Pakistan’s reform programme under the Country Partnership Framework (CPF), with a focus on climate resilience, population management and sectoral sustainability. The emphasis came during a meeting between World Bank Country Director for Pakistan Bolormaa Amgaabazar and Federal Minister for Finance and Revenue Muhammad Aurangzeb at the Finance Division on Wednesday, according to an official statement. Discussions centred on enhancing cooperation under the CPF and advancing key government reform priorities. The agenda…

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Power Sector Suffers Over Rs1 Trillion Annual Losses: Nepra Report

Admin
New-NEPRA

Islamabad: Pakistan’s power distribution system is incurring annual losses exceeding Rs1 trillion due to high transmission and distribution (T&D) losses and poor bill recoveries, according to the latest Performance Evaluation Report of Distribution Companies for FY2024-25 issued by the National Electric Power Regulatory Authority. The report highlights persistent structural and operational weaknesses within the power sector, including elevated T&D losses, weak billing and recovery performance, frequent load-shedding, delays in new connections, and serious safety lapses. Nepra noted that ex-Wapda distribution companies (Discos) collectively recorded T&D losses of 17.55 percent and…

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Regulatory Clarity Crucial for Investment, Says BoI Minister

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Qaiser-Sheikh

Islamabad: Federal Minister for Investment Qaiser Ahmed Sheikh has underscored that regulatory clarity, predictability and strong institutional coordination are essential to attract both domestic and foreign investment into Pakistan. Speaking at the “Pakistan Governance Forum” on Wednesday, the minister chaired a high-level session titled “From Subsidies to Strategy: Delivering Competitiveness Through Reform.” He emphasised that structural reforms are vital for moving beyond short-term economic stabilisation toward long-term, sustainable growth. The minister noted that Pakistan is transitioning from a subsidy-driven economic model to a strategy-led, competitiveness-based framework focused on export-led growth…

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Auto Industry Raises Alarm Over REEV Duty Classification, Warns of Market Distortion

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electric-vehicles

Karachi: Pakistan’s auto industry has expressed serious concerns following a recent decision by the Customs Classification Committee to classify range-extended electric vehicles (REEVs) as battery electric vehicles (BEVs), warning that the move could distort the market and undermine local assembly operations. The committee placed REEVs — essentially series hybrid vehicles — under HS Code 8703.8090, the same category as BEVs, on the basis that propulsion is provided solely by an electric motor, while the onboard internal combustion engine (ICE) functions only as a generator. However, the Pakistan Automotive Manufacturers Association…

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Growatt Hosts Prestigious Iftar Dinner at Karachi Club, Uniting Energy Sector Leaders

Admin
New-Project73

Karachi: The Karachi Club witnessed a remarkable gathering on February 23, 2026, as Growatt hosted an elegant Iftar Dinner that brought together prominent stakeholders from Pakistan’s energy sector under one roof. The event was attended by distinguished government officials, leaders from private organizations, and key delegates representing various segments of the energy industry. The evening provided a valuable opportunity for networking and collaboration, with participants engaging in meaningful discussions in the spirit of Ramadan. Industry sources informed Energy Update that the success of the event was largely attributed to the…

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