Category: Latest News

Gandapur Seeks PM’s Support for Swift Resolution of Net Hydel Profit Dispute

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CM-Gandapur

ISLAMABAD: Khyber Pakhtunkhwa Chief Minister Sardar Ali Amin Gandapur has appealed to Prime Minister Shehbaz Sharif to facilitate an “out-of-the-box” resolution to the long-standing Net Hydel Profit (NHP) issue, which remains unresolved between WAPDA and the provinces. In a letter to the Prime Minister, Gandapur invoked Article 161(2) of the Constitution, which guarantees net profits from hydroelectric power generation to the provinces. He highlighted that the Kazi Committee Methodology (KCM), endorsed by the Council of Common Interests (CCI) and upheld by the Supreme Court, has formed the legal and constitutional…

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EPQL Urges Power Division to Expedite Gas Supply Approval from Badar Field

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Engro Powergen Qadirpu

ISLAMABAD: Engro Powergen Qadirpur Limited (EPQL) has called on the Power Division to fast-track the approval of a Supplementary Agreement (SA) that would enable the use of low-BTU indigenous gas from the Badar-1 gas field, aiming to boost electricity generation and reduce reliance on costly imported fuels. In a letter to the Power Division, EPQL CEO Adeel Qamar highlighted the company’s successful track record, operating a 225-MW power plant primarily on permeate gas from the Qadirpur field under a Power Purchase Agreement (PPA) with CPPA-G since March 2010. To date,…

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SOEs’ Profits Decline Amid Soaring Power Sector Losses Reaching Rs5.9 Trillion

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Power-sector

ISLAMABAD: Pakistan’s state-owned enterprises (SOEs) continue to weigh heavily on the economy, as their profits and revenues dropped significantly in the first half of FY2024-25, driven largely by persistent inefficiencies and mounting losses in the power sector. According to the Ministry of Finance’s biannual report released on Friday, aggregate revenues of federal SOEs fell by 8%, while profits dipped 10% during July–December FY25. The Central Monitoring Unit (CMU) flagged the power sector as the biggest drag, with cumulative losses hitting an alarming Rs5.9 trillion — Rs2.4 trillion of which stems…

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Leghari Questions BISP Data Accuracy as Power Subsidy Reforms Loom

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Awais-Leghari

ISLAMABAD: Federal Minister for Power, Sardar Awais Ahmed Khan Leghari, on Tuesday questioned the accuracy of the Benazir Income Support Programme (BISP) data being used to determine eligibility for electricity subsidies. Speaking at a meeting of the National Assembly Standing Committee on Power, chaired by MNA Muhammad Idrees, the Minister emphasized the need for reforms to ensure subsidies are directed toward deserving consumers. Responding to MNA Rana Muhammad Hayat, Leghari revealed that out of 380 million electricity consumers, 180 million use up to 200 units monthly — a segment growing…

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Government Collects Rs. 490 Billion in Withholding and Sales Tax via Electricity Bills in FY 2024-25

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New-KE

ISLAMABAD (Mehtab Haider): The government collected a staggering Rs. 490 billion from silent electricity consumers in the form of Withholding Tax (WHT) and General Sales Tax (GST) through power bills during the fiscal year 2024-25. This marks a significant decline of Rs. 110 billion compared to Rs. 600 billion collected in the previous fiscal year. The reduction in tax collection is attributed to a growing shift among households toward solar power solutions and the underperformance of the industrial sector. According to provisional data from the Federal Board of Revenue (FBR),…

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