Category: Highlights

Sindh Inks Landmark Deal for 40 MW Power Supply to National Steel Complex

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National-Steel

Karachi, July 3: Provincial Energy Minister Syed Nasir Hussain Shah announced that K-Electric, through the Sindh Transmission and Dispatch Company (STDC), will supply 40 MW of electricity to the National Steel Complex (NSCL) via a 132 kV transmission line. This announcement was made during a memorandum of understanding (MoU) signing ceremony held at the Sindh Energy Department office. Minister for Local Government Saeed Ghani was also present. Minister Shah emphasized the significance of this project, which includes constructing the transmission line from K-Electric Pipri Grid Station to NSCL, meeting the…

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Millions Hit by Record 51% Electricity Tariff Hike

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electricity price increased

ISLAMABAD: The government on Wednesday approved a staggering 51% increase in electricity tariffs, forcing millions of poor households to bear an additional cost of Rs580 billion in this fiscal year. The hike, effective from July, is the highest in terms of percentage for lower-income groups. A total of 32.5 million consumers, primarily households, will face this unprecedented increase due to longstanding mismanagement and flawed energy policies. Among these, 26 million households belong to the poorest to low-middle income groups, who will see the most significant rate hikes. For the first…

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Pakistan Meets All IMF Bailout Requirements, Finance Official Confirms

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New-IMF

ISLAMABAD: Pakistan is on track to secure a staff-level agreement (SLA) for an International Monetary Fund (IMF) bailout exceeding $6 billion this month, having fulfilled all the lender’s requirements in its annual budget, the state minister for finance announced to Reuters. The country has introduced stringent revenue targets in its budget to gain IMF approval for the loan, crucial for averting another economic crisis, despite growing domestic discontent over new taxation measures. “We hope to culminate this (IMF) process in the next three to four weeks,” said Minister of State…

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Petrol Dealers to Proceed with Nationwide Strike Tomorrow Talks with Government Deadlocked; Over 13,000 Petrol Stations to Shut Down

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PPDA-Strike

Monitoring Cell Established to Manage Fuel Supply During Strike ISLAMABAD: The Pakistan Petroleum Dealers Association (PPDA) announced on Wednesday that negotiations with provincial and federal governments and other stakeholders had reached an impasse, prompting a nationwide shutdown of petrol stations starting July 5. PPDA Chairman Abdul Sami Khan stated, “They asked us to call off the strike and promised to resolve the issue, but we cannot postpone the strike on mere assurances,” during an interview with Dawn. Despite meetings with key government figures, including the finance minister, chairman of the…

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Int’l Defence exhibition and Seminar

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IDEAS 2024 is scheduled from Nov 19-22 at Expo KARACHI Sindh Chief Minister Syed Murad Ali Shah has said that IDEAS is a shared platform for global peace, stability and prosperity. It is [IDEAS] is an event that provides enhanced opportunities for commercial exchange between delegates, trade visitors, defence officials and manufacturers from within Pakistan and abroad,” he said. This he said while speaking at the 2nd Steering Committee Meeting of the 12th Edition of the International Defence Exhibition and Seminar – IDEAS 2024 here at CM House. The provincial…

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