Category: Latest News

Floods Disrupt Power Supply to 113,000 Consumers in South Punjab

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New-Project13-1

MULTAN/LAHORE: Widespread flooding in South Punjab has forced the Multan Electric Power Company (MEPCO) to suspend electricity supply to more than 113,000 consumers across 13 districts as a precautionary measure. Officials said power from 151 feeders was cut at the transformer level under safety SOPs to prevent accidents and protect lives. In Sahiwal, supply to 15,610 consumers on nine feeders was suspended, with restoration for 7,685 once water receded. In Bahawalpur, 22 feeders affecting 10,987 consumers were switched off. Lodhran, Pakpattan, and Rahim Yar Khan also saw feeder shutdowns impacting…

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Pakistan’s Energy Sector Crisis Deepens as Weak Reforms Fail to Stem Debt Spiral

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Energy-Crisis

ISLAMABAD: Pakistan’s energy sector remains a major drag on the economy, with accumulated liabilities exceeding Rs4.6 trillion and little progress on long-promised reforms. Weak recoveries, rampant theft, poor infrastructure, governance lapses, and market inefficiencies have entrenched the so-called “circular debt,” according to a new report by the Washington-based Institute of International Finance (IIF). The IIF estimates that energy-related debt now equals 4% of GDP, weighing heavily on fiscal stability, growth, inflation, and the external balance. Despite periodic government interventions — including a recent Rs800 billion payout — the underlying debt…

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Shehbaz’s government has completely failed Pakistan on growth and reforms: Dr. Miftah Ismail

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Miftah-Ismail

Karachi, September 05, 2025: In a wide-ranging and hard-hitting interview published in the September 2025 issue of US award winning magazine SouthAsia, former Finance Minister Dr. Miftah Ismail delivers a sharp critique of Prime Minister Shehbaz Sharif’s economic governance, arguing that the country is not moving in the right direction and that urgent structural reforms are being ignored. Dr. Ismail, a two-time finance minister and renowned economist with a PhD from the Wharton School, emphasizes that while some macroeconomic stability has been achieved, it has come at the cost of…

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OGRA Peshawer Endorsement team and District Administration Conduct Joint Operation in Peshawar

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New-Project12

Islamabad, September 5, 2025:The Oil and Gas Regulatory Authority (OGRA) Enforcement Team, Peshawar, in collaboration with the District Administration, carried out a joint operation against illegal LPG activities in the city. During the operation, action was taken against individuals involved in LPG decanting and filling in public service vehicles (PSVs), illegal dabba stations, and unauthorized LPG auto-refueling setups. As a result, six LPG shops, one illegal LPG auto-refueling station, and one illegal dabba station were sealed on the spot. The enforcement team also confiscated LPG decanting equipment. In addition, joint…

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Pakistan Reconsiders TAPI Pipeline as LNG Surplus Undermines Viability

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TAPI-gas

ISLAMABAD: Pakistan is rethinking its commitment to the $13 billion Turkmenistan–Afghanistan–Pakistan–India (TAPI) gas pipeline after global consultancy Wood Mackenzie advised delaying gas intake from Turkmenistan until at least 2031, citing an oversupply of imported LNG. A senior Energy Ministry official confirmed that the recommendation has triggered urgent deliberations within the Petroleum Division, with options ranging from formally deferring commitments to considering a withdrawal from the project. Pakistan is already struggling to manage long-term LNG contracts amid a sharp decline in domestic gas demand. Officials say Islamabad is also reassessing TAPI’s…

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