Category: Latest News

ISLAMABAD: The Private Power and Infrastructure Board (PPIB) has initiated consultations on a proposed $2.3 billion project to install 16.2 million Advanced Metering Infrastructure (AMI) electricity meters across five power distribution companies (Discos), amid concerns from the business community over project costs, payment guarantees and the potential financial burden on consumers. The project envisages replacing single-phase electricity meters in Lahore Electric Supply Company (LESCO), Multan Electric Power Company (MEPCO), Peshawar Electric Supply Company (PESCO), Quetta Electric Supply Company (QESCO) and Hazara Electric Supply Company (HAZECO) through public-private partnerships (PPPs). The…

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Karachi, October 20, 2026: An important meeting of the Transport and Mass Transit Department was held under the chairmanship of Sindh Senior Minister and Provincial Minister for Information, Transport and Mass Transit, Sharjeel Inam Memon. Secretary Transport Asad Zamin, CEO Trans Karachi Zubair Channa, Project Director Yellow Line Kamal Dayo, Managing Director Sindh Mass Transit Authority Behzad Memon, and other relevant officers attended the meeting. Officials gave the Senior Minister a detailed briefing on progress on transport projects. Various matters, including construction work on the Yellow Line and Red Line,…

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ISLAMABAD: Liquefied petroleum gas (LPG) prices have surged to an unprecedented Rs600 per kilogram in Pakistan’s northern areas, with a domestic cylinder reportedly selling for as much as Rs7,200 following the suspension of LPG imports from Iran amid the closure of trade border points. According to Irfan Khokhar, chairman of the Pakistan LPG Distribution Association, LPG is being sold at around Rs500 per kilogram in Punjab and Khyber Pakhtunkhwa (KP), where a domestic cylinder is fetching approximately Rs6,000. Industry representatives have warned that prices could rise further if supply disruptions…

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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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