Category: Popular News

World Bank Seeks Amendments as NTDC Splits Into Three New EntitiesProject agreements must be updated; IWS contract extended to 2026

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world-bank

ISLAMABAD, July 24, 2025: The World Bank has requested formal amendments to existing project agreements following the restructuring of the National Transmission and Despatch Company (NTDC) into three new successor entities. The Bank’s Operations Manager for Pakistan, Gailius J. Draugelis, communicated this request in a letter to the Secretary of the Economic Affairs Division (EAD). Under the restructuring, NTDC has been divided into: Since legal agreements for the ongoing National Transmission Modernization I Project are still in NTDC’s name, the World Bank has asked the government to formally notify the…

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PM Shehbaz Halts Anti-Net Metering Campaign for Third TimeMove comes ahead of any formal proposal on tariff revision; 6,500 MW capacity already installed under net metering

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Net-Metering

Prime Minister Shehbaz Sharif has once again halted the government’s campaign against Pakistan’s net metering policy — marking the third time such a directive has been issued. This decision was taken even before a formal summary proposing changes to the purchase price was submitted to the Prime Minister’s Office. A senior Power Division official disclosed that earlier directives were issued to coordinate a media narrative through the Ministry of Information and Broadcasting for eventual cabinet review. However, instructions from the PM’s Office have now called for a pause in the…

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Government committed to completing K-IV Project at the earliest: Minister

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k4-project

July 23, 2025: The Federal Minister for Water Resources Mian Muhammad Mueen Wattoo visited Greater Karachi Bulk Water Supply Scheme (K-IV Project) and reviewed the ongoing development works on the Project. Ms. Rana Ansar, Parliamentary Secretary for Water Resources, Syed Nasir Hussain Shah, Sindh Provincial Minister for Energy, Planning and Development, Nehal Hashmi and Chairman WAPDA Naveed Asghar Chaudhry also accompanied him. Member Water Syed Ali Akhtar Shah, GM/PD K-IV Project Amir Mughal and representatives of the Consultants and the Contractors were also present on the occasion. The Federal Minister visited in detail…

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President FPCCI Meets Field Marshal Syed Asim Munir NI (M) Along With Trade & Industry’s Delegation

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asim munir

Karachi: Atif Ikram Sheikh, President FPCCI; President ECO-CCI and VP CACCI, has said that FPCCI extends its deepest and most heartfelt gratitude to Field Marshal Syed Asim Munir, NI (M), for graciously meeting with the trade and industry delegation led by Dr. Gohar Ejaz, a prominent business man and former federal caretaker minister & SM Tanveer We salute the Field Marshal’s exemplary commitment to engagement with the business community – demonstrating both patience and concern for economic issues faced by the businesses and the people of Pakistan, he added. During…

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Audit Exposes Rs244 Billion Power Billing Scam Involving Eight DISCOs

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Power-sector

ISLAMABAD: A shocking audit by the Auditor General of Pakistan has uncovered a massive electricity overbilling scandal involving eight power distribution companies (DISCOs), defrauding consumers of Rs244 billion during the 2023–24 fiscal year. The report reveals that Islamabad Electric Supply Company (Iesco), Lahore (Lesco), Hyderabad (Hesco), Multan (Mepco), Peshawar (Pesco), Quetta (Qesco), Sukkur (Sepco), and Tribal Areas Electric Supply Company (Tesco) overbilled consumers to conceal line losses, electricity theft, and operational inefficiencies. In a single month, five of the companies overcharged 278,649 consumers by Rs47.81 billion. Over 900 million extra…

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