Category: Latest News

Electricity Consumption Drops 3.6% in Jul–Mar FY25 Amid Rising Tariffs, Solar Shift

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Power

ISLAMABAD: Pakistan’s electricity consumption fell by 3.6% during the first nine months (July–March) of FY2024–25, reaching 80,111 GWh compared to 83,109 GWh in the same period last year, according to the Economic Survey 2024–25. The decline is attributed to subdued industrial activity, elevated power tariffs, energy conservation drives, and increased adoption of off-grid solar solutions. Despite the overall decline, the household sector’s share rose to 49.6% (39,728 GWh), reflecting steady residential demand, while industrial consumption dipped to 21,082 GWh, down from 22,031 GWh. Electricity use in agriculture dropped sharply by…

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EV Momentum Builds: 57 Manufacturers Licensed Under Clean Green Pakistan Drive

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Electric-Vehicle

KARACHI: Pakistan’s electric vehicle (EV) industry is gaining traction under the Automotive Industry Development and Export Policy 2021-2026, with 57 manufacturers now licensed to produce electric two- and three-wheelers. Backed by fiscal incentives, tax exemptions, and lower charging tariffs, the sector aligns with the government’s ‘Clean Green Pakistan’ and ‘Make in Pakistan’ visions. According to the Economic Survey FY2025, 13 new manufacturing certificates were issued this year alone, with EV production hitting 32,923 units — bringing total output since FY2022 to 76,979 units. While the broader auto industry posted healthy…

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Glass Half-Full or Half-Empty? A Mixed Verdict on Pakistan’s Economic Outlook

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Economic-Outlook

The Economic Survey for FY2025 reflects a tale of two economies — one signaling cautious optimism and the other clouded by persistent structural weaknesses. Finance Minister Muhammad Aurangzeb’s upbeat tone during his recent press conference highlighted gains such as declining headline inflation, a projected current account surplus, a reduced fiscal deficit (from 7.13% to 5.5% of GDP), a lower debt-to-GDP ratio (down to 65%), a stable rupee, rising reserves, and increased remittances — all drawing praise from international lenders, including the IMF. Yet, the undercurrents of economic fragility remain. Growth…

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Solis Celebrates 20th Anniversary with Groundbreaking Launches at SNEC 2025

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New-Project31

Shanghai, China – June 2025 – Solis, a global leader in PV inverter technology and energy storage solutions, will mark its 20th anniversary with a major showcase at SNEC 2025 (June 11-13), introducing industry-leading innovations – the 125kW Wall-Mounted Hybrid Inverter. Two Decades of Innovation, A Future of Growth Established in 2005 in Ningbo, China, Solis has grown from a pioneering startup to one of the world’s most trusted inverter brands, with over 100GW of products shipped to more than 100 countries and regions. Under the continued leadership of founder…

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K-Electric CEO Acknowledges High Electricity Rates, Blames Federal Tariff Policy

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Moonis-Alvi

KARACHI: K-Electric CEO Moonis Alvi has admitted that electricity rates in Karachi are among the highest in the country, even as residents endure up to 12 hours of load shedding daily in the sweltering summer heat. Speaking on ARY News’ program Off the Record, Alvi acknowledged the burden on consumers but clarified that electricity prices are set by the National Electric Power Regulatory Authority (NEPRA), not K-Electric. “We submit our tariff proposals, but the final decision rests with NEPRA,” he said. “We bill consumers as per the government’s directives.” Alvi…

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