Author: Admin

ISLAMABAD: Prime Minister Shehbaz Sharif hailed a significant turnaround in Pakistan’s power sector after being briefed that power distribution companies (DISCOs) had slashed their losses by Rs193 billion — leading to an overall financial improvement of Rs242 billion. Chairing a high-level Cabinet Committee on Energy meeting, the premier called the progress “extremely encouraging” and a crucial step toward rectifying decades-long inefficiencies. He emphasized that this improvement would accelerate the long-delayed privatization of DISCOs and directed that appreciation letters be issued to CEOs of companies demonstrating exceptional performance. Lahore Electric Supply…

ISLAMABAD: Electricity consumers across Pakistan, including those served by K-Electric, are likely to receive relief in the form of a Rs1.51 per unit reduction in power tariffs for the next three months. This decrease stems from lower capacity charges due to falling interest and exchange rates, as well as revised contracts with public and independent power producers (IPPs). The National Electric Power Regulatory Authority (NEPRA) will hold a public hearing on August 4 to consider the federal government’s request for a Quarterly Tariff Adjustment (QTA), aimed at passing on Rs53.4…