Author: Admin

NEPRA Approves K-Electric’s 7-Year Tariff Plan Under MYT Regime

Admin
NEPRA-KE

ISLAMABAD – May 24, 2025: The National Electric Power Regulatory Authority (NEPRA) has approved K-Electric’s (KE) multi-year tariff (MYT) for its distribution and transmission segments covering a *seven-year period from FY2023-24 to FY2029-30, with a projected revenue requirement of *Rs50.284 billion for FY2024-25. As part of the new tariff structure, NEPRA approved an average increase of Rs3.31 per unit in distribution charges. Additionally, KE has been allowed Use of System Charges (UoSC) revenue of Rs43.447 billion for FY2023-24, also reflecting an impact of around Rs3.30 per unit, subject to change…

Read More

New Onshore Block Awards Strengthen Pakistan-Türkiye Energy Ties

Admin
Pakistan-Turkiye

ISLAMABAD – May 24, 2025: Pakistan and Türkiye have taken a significant step toward deepening bilateral energy cooperation, following the provisional award of two onshore oil and gas exploration blocks to Turkish state-owned firm Turk Petrolleri Anonim Ortakligi (TPAO) in Pakistan’s latest bidding round. The development was confirmed during a high-level meeting between Federal Minister for Petroleum Ali Pervaiz Malik and Turkish Ambassador Irfan Neziroglu at the Ministry of Petroleum on Friday. The meeting centered on expanding collaboration in oil and gas exploration, critical minerals, and broader energy sector engagement.…

Read More

Provincial Power Dues Soar to Rs161 Billion; Recovery, Privatisation Plans Underway

Admin
power-producer

ISLAMABAD – May 24, 2025: The federal government has initiated efforts to recover a massive Rs161 billion in outstanding electricity dues from provincial governments, as confirmed by Power Minister Sardar Awais Leghari during a meeting of the Senate Standing Committee on Power. Presided over by *Senator Mohsin Aziz, the committee was informed that the *Council of Common Interests (CCI) had earlier approved a mechanism allowing for 25% at-source deduction of pending bills, with the remainder to be recovered following bill reconciliation. The Power Division has formally approached the Ministry of…

Read More

Federal Budget Deferred to June 10 Amid IMF Talks and Eid Break

Admin
New-Budget

ISLAMABAD – May 24, 2025: The federal government has officially postponed the announcement of the FY2025-26 budget to June 10, citing ongoing discussions with the International Monetary Fund (IMF) and the upcoming Eid holidays as key reasons for the delay. The budget was previously scheduled to be unveiled on *June 2, with the *Pakistan Economic Survey 2024-25 now expected on *June 9. The revised schedule aims to ensure active participation of lawmakers during the budget session, which would have been disrupted by Eid-ul-Adha, anticipated around *June 7. Planning Minister Ahsan…

Read More

IMF Wraps Up Visit, Budget Talks with Pakistan to Continue in Coming Days

Admin
imf

Islamabad – May 24, 2025: The International Monetary Fund (IMF) announced on Saturday that discussions with Pakistan on the upcoming fiscal year 2025-26 budget will continue in the coming days, following the conclusion of its latest mission visit. High-level policy talks between Pakistan and the IMF began on May 19 in Islamabad but ended without a conclusive agreement. As a result, the government has postponed its federal budget announcement to June 10. In a statement, IMF Mission Chief Nathan Porter described the talks as “constructive” and said negotiations would continue…

Read More