Category: Latest News

ISLAMABAD: Independent power producers (IPPs) operating on imported coal have come under scrutiny over procurement practices that may be increasing electricity costs for consumers, with additional costs ultimately passed on through monthly fuel price adjustments (FPAs). The concerns have been highlighted by both the Power Division and the National Electric Power Regulatory Authority (Nepra), following findings of significant inefficiencies and limited competition in the procurement of imported coal by power plants. The issue gained prominence after a recent competitive tender for coal supplies to the 660MW state-owned Jamshoro Power Plant…

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ISLAMABAD: Planning Minister Ahsan Iqbal has said Pakistan estimates its mineral wealth at more than $7 trillion, stressing that unlocking this potential would require substantial investment, political stability and long-term policy continuity. Speaking to Farwa Amin, Director for South Asian Initiatives at the Asia Society Policy Institute in New York, the minister said large-scale mining projects involved heavy upfront investment and lengthy development periods. He identified political instability as a major obstacle to attracting international resource developers. Ahsan Iqbal said that with improving macroeconomic stability, the government was actively seeking…

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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has notified comprehensive new performance standards for electricity distribution companies (Discos), introducing mandatory consumer compensation, stricter service deadlines and heavy fines for failures. The Performance Standards (Distribution) Regulations 2026, issued after nearly two years of consultation with stakeholders, replace the Discos Performance Rules 2005. The new framework aims to improve consumer protection, power supply quality, safety and accountability, particularly as the government moves ahead with the privatisation of distribution companies. Under the new regulations, Discos will face mandatory compensation to consumers, in…

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KARACHI: August 27,2026 Federal Minister for Petroleum Ali Pervaiz Malik has directed the Board of Sui Southern Gas Company Limited (SSGCL) to develop a comprehensive strategy and sustainable business model with special focus on UFG control to transform SSGCL into a financially viable organization, with public service as the foremost priority. The Federal Minister chaired a meeting with the Chairman and Board of Directors, Managing Director and senior management of SSGCL in Karachi to review the company’s performance, key achievements, operational challenges and future reform priorities. The Chairman SSGCL Board…

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