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August tells a more uncomfortable story for Pakistan’s power sector. Generation is growing again, but the cost and composition of that growth are becoming increasingly difficult to ignore. National grid generation reached 14.9 billion units in August, 3 percent above reference and 5.5 percent higher year on year. The 12-month moving average, however, tells a more subdued story, with generation growth at just 2.6 percent and average monthly generation at around 10.5 billion units. The stronger monthly output is therefore not a broad acceleration in demand. It is increasingly about…

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Power consumption totalled 1.03 trillion kWh in August, up 1.7 per cent year on year (YoY). Electricity load reached an all-time high of 1.56 billion kilowatts, exceeding the previous year’s peak by 49.69 million kilowatts. By industry, Power consumed by the primary industry rose 2.7 per cent YoY to 16.9 billion kWh in August. Power use by the secondary industry increased 2.4 per cent to 612.4 billion kWh, while tertiary industry consumption reached 215.5 billion kWh, up 5.1 per cent, as per the NEA data. Electricity consumption by the high-tech…

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The government on Monday raised petrol by Rs4.61 per litre to Rs393.75, while lowering high-speed diesel by Rs1.96 to Rs422.8 per litre, According to a notification issued by the Petroleum Division, the revised fuel prices will be applicable only on September 22. The new fuel prices, notified by the Petroleum Division, will remain in effect until September 22. Under the revised framework, approved by the federal cabinet, Ogra will publish updated fuel prices on its website daily to improve transparency and allow consumers to benefit more quickly from changes in…

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KARACHI: Pakistan’s Privatization Commission said on Monday that three Turkish companies and seven local ones had formally submitted expressions of interest to acquire stakes in the Islamabad Electric Supply Company (IESCO) power distributor. IESCO is one of three major power distribution companies that Pakistan is seeking to privatize in the first phase of a broader power-sector sell-off. Islamabad is offering investors stakes ranging from 51 percent to 100 percent and management control in the distributors. Pakistan has said it wants to bring private sector investment and management into a power…

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Yemen’s Iran-backed Houthis launched missiles and drones at Saudi Arabia over the weekend, including an attempted ballistic missile strike on the capital of Riyadh, as renewed fighting in Yemen and the broader Iran war continue to increase pressure on the kingdom and its oil-export routes.  Saudi-led coalition spokesperson Col. Turki al-Malki said air defenses intercepted and destroyed a ballistic missile launched toward Riyadh early Saturday. Saudi Arabia had issued emergency alerts overnight Friday over a “hostile aerial threat,” marking the first air raid warning in the capital since fighting with…

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