Category: Latest News

K-Electric Clarifies: Tariff Rates Set by Government, Not KE

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K-Electric

KARACHI: In response to ongoing speculation regarding potential electricity price hikes for K-Electric (KE) customers, the company issued a clarification on Wednesday, emphasizing that it has no authority to set or alter consumer tariffs. “Electricity tariffs – including per unit charges, consumer categories, and usage slabs – are determined by the Power Division under the Uniform Tariff Policy,” a KE spokesperson stated. “These rates are uniform across the country and not decided by KE.” The company reaffirmed that any changes to electricity pricing must be formally notified by the Government…

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Neelum-Jhelum Hydropower Project to Remain Offline for Two More Years Amid Structural Damage

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Neelum-Jhelum

ISLAMABAD: The 969-MW Neelum-Jhelum Hydropower Project will stay non-operational for at least two more years following a major rock burst that damaged its underground tunnel system in May 2024, the National Electric Power Regulatory Authority (NEPRA) was informed on Wednesday. The project, commissioned in 2018 at a cost of Rs500 billion, has been a critical source of low-cost electricity. Its extended outage is further straining the national grid, increasing reliance on expensive alternatives, and worsening the circular debt crisis. The update came during a NEPRA hearing on a CPPA petition…

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US Strikes Deal to Develop Pakistan’s Oil Reserves as Trade Talks Intensify

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Donald-Trump

WASHINGTON – Former US President Donald Trump announced that the United States has reached a landmark agreement with Pakistan to jointly develop the country’s untapped oil reserves, marking a significant shift in energy cooperation between the two nations. In a post on Truth Social, Trump wrote, “We have just concluded a Deal with the Country of Pakistan, whereby Pakistan and the United States will work together on developing their massive Oil Reserves.” He added that the US is in the process of selecting the lead company for the project and…

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Business Leaders Decry Withdrawal of Rs7.41/unit Power Relief Amid Soaring Tariffs

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Your-Bill

ISLAMABAD: Business leaders have voiced strong criticism over the reversal of the promised Rs7.41 per unit electricity relief and the continued outage of the 969MW Neelum-Jhelum Hydropower Project (NJHP), warning it could accelerate de-industrialisation. The concerns emerged during a Nepra public hearing on a request by the Central Power Purchasing Agency (CPPA) for an Rs8.7 billion fuel cost refund, equating to 65 paisa per unit, due to lower-than-expected fuel prices in June. Industrialists highlighted that the relief announced by the prime minister in March was not time-bound, yet its effect…

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Inverex and Bank Islami Partner to Launch 0% Markup EV Installment Plans

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New-Inverex

In a major step toward clean mobility, Inverex has signed a strategic MoU with Bank Islami to provide electric vehicles (EVs) on easy 0% markup installment plans. This landmark collaboration aims to make sustainable transport more affordable and accessible to the masses. “Our partnership with Bank Islami is a step toward transforming Pakistan’s transportation landscape. We’re committed to making EVs accessible, affordable, and eco-friendly for every household,” said Mr. Zakir Ali, CEO Inverex EV.

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