Category: Latest News

Power Sector Losses Weigh on State-Owned Entities’ Profitability

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Power-sector

ISLAMABAD: The aggregate profitability of Pakistan’s state-owned enterprises (SOEs) declined by 30 per cent during the first half of FY2026 as their overall financial performance deteriorated across key indicators, increasing fiscal and macroeconomic risks for the government. According to the July-December 2025 SOEs Monitoring Report released by the Ministry of Finance, the power sector remained the weakest-performing segment, while the aggregate losses of loss-making SOEs amounted to around Rs2.8 billion per day. Meanwhile, government support through subsidies, grants, loans and equity injections reached nearly Rs6.6bn per day. The report noted…

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Nine Parties Prequalify for Gepco Acquisition

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New-GEPCO

ISLAMABAD: The Privatisation Commission Board has approved the prequalification of nine parties interested in acquiring Gujranwala Electric Power Company (Gepco). The decision was taken at a board meeting chaired by Adviser to the Prime Minister on Privatisation Muhammad Ali, where officials were informed that 11 expressions of interest (EoIs) had been received for the acquisition of 51 per cent to 100 per cent shareholding, along with management control of the power distribution company. Following an evaluation of the submissions against the approved prequalification criteria, the financial adviser recommended nine interested…

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IMF Talks Near Conclusion, Clearing Way for $1.2bn Disbursement

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ISLAMABAD: Pakistan’s ongoing discussions with a visiting staff mission of the International Monetary Fund (IMF) are expected to conclude positively later this week, paving the way for the release of around $1.2 billion under the Fund’s two concurrent programmes — the $7 billion Extended Fund Facility (EFF) and the $1.4 billion Resilience and Sustainability Facility (RSF). Informed sources said the two sides were finalising the Memorandum of Economic and Fiscal Policies (MEFP) after reaching agreement on the substantive parameters of the biannual review. The IMF staff mission, led by Iva…

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Pakistan’s solar generation overtakes nuclear power for first time

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New-Solar

Pakistan’s solar electricity generation reached 36.3 terawatt-hours (TWh) in 2025, overtaking nuclear power for the first time even as nuclear output increased 3.7% to a record 22.5 TWh, according to the World Nuclear Industry Status Report (WNISR) 2026. The report said the solar generation figure was likely to be significantly underestimated because substantial privately installed capacity remains unregistered and does not pass through the public grid. Pakistan imported more than 58 gigawatts (GW) of solar panels from China between the beginning of 2017 and mid-2026. Around 40GW, or 69% of…

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𝗣𝗿𝗶𝘃𝗮𝘁𝗶𝘀𝗮𝘁𝗶𝗼𝗻 𝗖𝗼𝗺𝗺𝗶𝘀𝘀𝗶𝗼𝗻 𝗕𝗼𝗮𝗿𝗱 𝗔𝗱𝘃𝗮𝗻𝗰𝗲𝘀 𝗞𝗲𝘆 𝗧𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻𝘀 𝗔𝗰𝗿𝗼𝘀𝘀 𝗣𝗼𝘄𝗲𝗿, 𝗔𝘃𝗶𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗦𝗲𝗰𝘁𝗼𝗿𝘀

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New-Project15

The Privatisation Commission (PC) Board, in its 259th meeting held today under the chairmanship of Mr. Muhammad Ali, Adviser to the Prime Minister on Privatisation and Chairman of the Privatisation Commission, considered and approved key measures to advance ongoing privatisation transactions across the power, aviation and financial sectors. As a major agenda item, the Board approved the prequalification of 9 Interested Parties (IPs) for the privatisation of Gujranwala Electric Power Company (GEPCO). The Board was informed that 11 Expressions of Interest (EOIs) had been received for GEPCO for the acquisition…

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