ISLAMABAD: Federal Minister for Power Division Sardar Awais Ahmed Khan Leghari on Friday said the government has reduced electricity tariffs for industrial consumers by Rs4.04 per unit under a special relief package announced by Prime Minister Shehbaz Sharif. In a statement, the minister said the financial burden on industrial electricity bills, which stood at Rs8.90 per unit at the beginning of the current government’s tenure, has now been brought down to zero. He added that the move would also result in a reduction in wheeling charges, with industries benefiting from…
Read MoreAuthor: Admin
Standing Committee Directs Sindh to Clear Power Dues of HESCO, SEPCO
HYDERABAD: The Standing Committee on the Power Division has directed the Sindh government’s Finance, Irrigation and Energy departments to ensure prompt payment of reconciled electricity dues owed to Hyderabad Electric Supply Company (HESCO) and Sukkur Electric Power Company (SEPCO). The directive was issued during a committee meeting held at HESCO’s Power Wing Colony under the chairmanship of MNA Muhammad Idrees. The meeting reviewed the performance of both utilities over the past three years, including recoveries, losses, staffing issues, ongoing power projects and the overall electricity supply situation in their respective…
Read MoreIndustrialists, Exporters Welcome PM’s Relief Package; OICCI Seeks Time on Super Tax Demands
KARACHI: Industrialists and exporters have welcomed Prime Minister Shehbaz Sharif’s recently announced relief package, terming it a timely intervention to ease cost pressures on businesses, even as foreign investors expressed concern over the Federal Board of Revenue’s (FBR) issuance of super tax demand notices with a payment deadline of January 30, 2026. The prime minister announced a reduction of Rs4.04 per unit in electricity tariffs, wheeling charges of less than Rs9 per kilowatt-hour for industry, a cut in the export refinance scheme rate to 4.5 percent from 7.5pc, and the…
Read MoreNepra Moves to Scale Back Solar Net-Metering Incentives, Public Hearing on Feb 6
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has scheduled a public hearing on February 6 to consider proposals aimed at curtailing incentives for solar net-metering consumers, known as prosumers, amid growing concerns over high electricity tariffs, grid instability and mounting financial stress on power utilities. The hearing follows extensive feedback from stakeholders, including government bodies, power distribution companies and the general public. Nepra has already issued draft Prosumer Regulations 2025, proposing significant changes to the existing 2015 net-metering framework. Under the proposed rules, prosumers would be restricted to installing…
Read MoreKAPCO and Fauji Cement to Jointly Acquire 84% Stake in Attock Cement
ISLAMABAD: Kot Addu Power Company Limited (KAPCO) and Fauji Cement Company Limited (FCCL) have signed a Sale and Purchase Agreement (SPA) to jointly acquire an 84% stake in Attock Cement Pakistan Limited (ACPL), signaling a major change in the company’s ownership structure. KAPCO disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Friday, stating that the SPA was executed on January 30, 2026, with Pharaon Investment Group Limited Holding S.A.L as the seller. Under the agreement, Fauji Cement and KAPCO will each acquire 42.03% of ACPL’s…
Read More