Author: Admin

FPCCI to file petition in Supreme Courtfor ammendments in IPP,s Agreements

Admin
fpcci-afghanistan

Karachi The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) is preparing to file a writ petition in the Supreme Court and appeal to the Special Investment Facilitation Council (SIFC) to seek amendments to the agreements with Independent Power Producers (IPPs). The FPCCI argues that the existing agreements and the tariffs imposed by the IPPs are financially burdensome and harmful to the national economy and businesses. Filing a Writ Petition:                 1.            Supreme Court’s Authority: The FPCCI intends to use the Supreme Court’s jurisdiction to challenge the legality of…

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Electricity Rates Surge by Rs22.53 per Unit in Two Years

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electricity-tariffs

ISLAMABAD: Over the past two years, Pakistan has experienced an unprecedented rise in basic electricity tariffs, amounting to Rs25.76 per unit, as per official sources. This increase includes a fixed surcharge of Rs3.23 per unit, significantly raising costs for all consumer categories. From July to October 2022, the basic tariff rose by Rs7.91 per unit, followed by an additional Rs7.50 hike in July 2023. A fixed surcharge of Rs3.23 per unit was also imposed in July 2023, with another basic tariff increase of Rs7.12 in July 2024. Consequently, the basic…

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Power Division Proposes Support Units for Distribution Firms Amid Management Failures

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power-subsidy

ISLAMABAD: The Power Division has acknowledged its inability to address inefficiencies and mismanagement within the energy sector, leading to a circular debt surpassing Rs2.310 trillion. In response, the division is now proposing the establishment of support units for power distribution companies (DISCOs) comprising officials from intelligence and law enforcement agencies to tackle these challenges and reduce the circular debt. As of the current financial year, DISCOs’ receivables have soared to Rs1.786 trillion, rendering the sector financially unsustainable. It is anticipated that these companies may have incurred losses of approximately Rs589…

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President Zardari Urges Comprehensive Plan to Prevent Karachi Urban Flooding

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Asif-Zardari

KARACHI: President Asif Ali Zardari has called for an urgent and comprehensive plan to prevent urban flooding in Karachi amid the ongoing monsoon rains. The city experienced significant waterlogging on Saturday even after light showers, resulting in the tragic deaths of two minor boys. Last week, Sindh Chief Minister Syed Murad Ali Shah directed the Karachi Water and Sewerage Corporation (KWSC) to conduct a master-plan study within six months. This study aims to address urban flooding caused by clogged drains, inadequate outfall infrastructure, and increasing squatter settlements and encroachments. At…

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High Tariffs Suppress Power Demand

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Power-Projects

KARACHI: Pakistan’s power generation dropped by 2% to 127,259GWh (14,504MW) in FY24 compared to the previous fiscal year. This decline is attributed to reduced overall economic activity and lower demand caused by rising power tariffs. Hydropower led the power generation mix, contributing 31% in FY24, up from 28% in FY23. RLNG followed with 19% (up from 17% in FY23), while coal maintained a steady contribution at 16%. Other contributors included nuclear (18%), gas (9%), wind (3%), and furnace oil (2%). Despite the overall decline, hydel and RLNG sources saw the…

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