Author: Admin

ISLAMABAD: In a major relief for electricity consumers, the National Electric Power Regulatory Authority (Nepra) has notified a reduction in electricity tariffs for three months, resulting in a cumulative consumer benefit of approximately Rs56 billion from June to August 2026. The relief stems from the combined impact of two separate tariff adjustments — the monthly Fuel Cost Adjustment (FCA) for April 2026 and the Quarterly Tariff Adjustment (QTA) for January-March 2026. Under the FCA determination, Nepra approved a Rs1.19 per unit increase in electricity rates for June bills to recover…

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ISLAMABAD: The National Assembly Standing Committee on Power on Tuesday approved two major amendments to electricity-related laws without debate, aiming to streamline decision-making, support market liberalisation, and facilitate the launch of a competitive business-to-business (B2B) electricity market. The meeting, chaired by MNA Sheikh Aftab Ahmed in the absence of Committee Chairman Muhammad Idrees, approved the proposed changes after brief proceedings, with lawmakers describing the amendments as procedural in nature. The Power Division presented two legislative proposals: the Regulation of Generation, Transmission and Distribution of Electric Power (Amendment) Bill, 2026 and…

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ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday emphasized the need to broaden Pakistan-China cooperation under the next phase of the China-Pakistan Economic Corridor (CPEC 2.0), identifying agriculture, information technology, industrial development, special economic zones, and mining as key areas for future collaboration. The prime minister made these remarks during a meeting with Chinese Ambassador Jiang Zaidong, who called on him in Islamabad, according to a statement issued by the Prime Minister’s Office. During the meeting, Prime Minister Shehbaz conveyed his warm regards to Chinese President Xi Jinping and Premier Li…

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ISLAMABAD: Pakistan has secured four liquefied natural gas (LNG) cargoes, including three under long-term agreements with Qatar and one from the spot market, to meet the growing energy requirements of the power sector and other economic activities during the summer season. As part of its supply management strategy, Pakistan LNG Limited (PLL) on Wednesday invited bids for the delivery of one LNG cargo on a Delivered Ex-Ship (DES) basis at Port Qasim, Karachi, for the June 6-7, 2026 delivery window. The developments were shared during a media briefing attended by…

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