Author: Admin

Pakistan Armed Forces Declare Deterrence Restored After Strikes on Indian Targets

Admin
Armed-Forces

ISLAMABAD: Pakistan’s armed forces have announced the successful completion of Operation Bunyanum Marsoos, stating that 26 high-value Indian targets were struck in response to India’s airspace violations and missile attacks on May 6–7, which killed 31 Pakistani civilians. At a joint press conference, Chief Military Spokesperson Lt Gen Ahmed Sharif Chaudhry, PAF DGPR Air Vice Marshal Aurangzeb Ahmed, and Deputy Chief of Naval Staff (Ops) Vice Admiral Raja Rab Nawaz outlined the scope and impact of the operation. Gen Chaudhry said the military response was a “textbook demonstration of integrated…

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Nepra Member Flags Rs69bn Loss Due to Idle Coal Plants, Urges Urgent Power Sector Reforms

Admin
New-NEPRA

ISLAMABAD: A member of the National Electric Power Regulatory Authority (Nepra) has raised alarm over deep-rooted inefficiencies in Pakistan’s power sector, highlighting Rs69 billion in capacity payments made to underutilised coal-fired power plants due to persistent transmission constraints. In his additional note on the quarterly tariff adjustment for May–July 2025, Nepra Member (Technical) Rafique Ahmad Shaikh pointed to severe shortcomings in the national transmission system, which prevented the efficient use of low-cost power generation, especially from southern-based coal plants — Port Qasim, China Power, and Lucky Electric. Despite their ability…

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New Petroleum Minister Vows to Resolve Exploration Sector Challenges

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Ali-Pervaiz

ISLAMABAD: Newly appointed Petroleum Minister Ali Pervaiz Malik has pledged to address long-standing challenges in Pakistan’s oil and gas sector, which have hampered indigenous exploration and production activities. The move follows the removal of former minister Musadik Malik, whose bureaucratic approach was widely criticized for creating bottlenecks instead of solutions, prompting Prime Minister Shehbaz Sharif to intervene by forming a high-level gas committee led by Deputy PM Ishaq Dar. Among the foremost challenges is the finalisation of a model agreement for tight gas, which remains unsigned despite Oil and Gas…

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IMF Approves $1bn Disbursement for Pakistan, Expands Support with \$1.4bn Climate Facility

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New-IMF

WASHINGTON: The International Monetary Fund (IMF) on Friday approved the immediate disbursement of \$1 billion to Pakistan under its ongoing \$7 billion Extended Fund Facility (EFF), while also granting a new \$1.4 billion arrangement under the Resilience and Sustainability Facility (RSF) to help build climate resilience. The IMF Executive Board completed the first review of Pakistan’s reform programme under the EFF, enabling the disbursement and bringing total support to approximately \$2.1 billion. Additionally, the RSF agreement spans 28 months and supports Pakistan’s efforts to combat climate-related vulnerabilities and bolster economic…

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IMF Approves \$2.1bn for Pakistan Despite Indian Objections

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New-IMF1

WASHINGTON: In a significant boost to Pakistan’s economic outlook, the International Monetary Fund (IMF) on Friday approved two major financing arrangements worth \$2.1 billion, defying Indian efforts to derail the process. The support includes a \$1 billion disbursement under the Extended Fund Facility (EFF) and \$1.4 billion under a newly launched Resilience and Sustainability Facility (RSF) aimed at climate resilience. The RSF, spanning 28 months, is designed to enhance Pakistan’s capacity to manage climate-induced shocks and build long-term sustainability. The IMF Executive Board’s approval follows a staff-level agreement reached in…

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