Author: Admin

ISLAMABAD: Pakistan’s power purchase price (PPP) is projected to reach Rs27.309 per kilowatt-hour (kWh) in calendar year 2027, with the Central Power Purchasing Agency-Guarantee Limited (CPPA-G) estimating total electricity procurement costs of Rs3.55 trillion under its base-case scenario. The projections have been prepared for the rebasing of consumer-end electricity tariffs for ex-Wapda distribution companies (XWDISCOs), scheduled to take effect from January 1, 2027. The revised reference costs will help determine the applicable electricity tariff framework for the new period. According to CPPA-G’s estimates, the power purchase price could range from…

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ISLAMABAD: Pakistan’s power sector circular debt increased by Rs34 billion to Rs1,675 billion by June 30, 2026, while gas sector circular debt surged by Rs344 billion to Rs3,631 billion during the same period, according to figures presented by the Power and Petroleum Divisions in the National Assembly on Monday. During the question hour, the Power Division informed the House that power sector circular debt stood at Rs1,641 billion at the end of fiscal year 2024-25 before rising to Rs1,675 billion by June 30, 2026. The division attributed the increase primarily…

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ISLAMABAD: Pakistan and Canada have begun the third round of negotiations on a Bilateral Investment Treaty (BIT) aimed at strengthening foreign direct investment (FDI) flows between the two countries. The three-day negotiations are being held from October 19 to 21, with the Canadian delegation led by High Commissioner Tarik Ali Khan and the Pakistani delegation headed by Special Investment Facilitation Council (SIFC) Secretary Jamil Ahmad Qureshi. According to an official announcement, the Canadian delegation arrived in Pakistan to continue discussions on the proposed investment treaty. Welcoming the Canadian delegation, Qureshi…

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ISLAMABAD: Pakistan’s gas sector circular debt surged to Rs3.63 trillion by June 30, 2026, as the government reviewed a proposed phased restructuring and deregulation roadmap aimed at addressing financial liabilities, reducing system losses and attracting private investment. The roadmap was reviewed at a high-level meeting chaired by Federal Minister for Finance and Revenue Muhammad Aurangzeb on Monday. The meeting focused on improving financial sustainability, operational efficiency, consumer welfare and private-sector participation in the gas market. According to official sources, the total outstanding circular debt comprised Rs1.848 trillion in principal liabilities…

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Karachi: Atif Ikram Sheikh, President FPCCI, has apprised that H.E. Raimundas Karoblis, Ambassador of the European Union to Pakistan visited the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Head Office in Karachi for consultations aimed at expanding trade horizons, strengthening industrial linkages, and preparing the private sector for the upcoming cycle of the Generalised Scheme of Preferences (GSP+). Atif Ikram Sheikh said that the high-level discussions brought together diplomatic representatives and members of Pakistan’s apex trade body to examine strategies for diversifying Pakistan’s export basket, encouraging direct European…

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