Category: Popular News

KE Proposes Govt Partnership to End Load-Shedding in Karachi

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Load-Shedding

KARACHI: K-Electric has proposed a collaborative formula to eliminate electricity load-shedding in Karachi, focusing on high-loss feeders that are responsible for most outages. Speaking to the Council of Economic and Energy Journalists (CEJ), KE CEO Moonis Alvi revealed that 300 out of the city’s 2,129 feeders contribute to 87% of power losses. He suggested that if the government takes over management and bill recovery in these high-loss areas, KE could move significantly closer to making Karachi a load-shedding-free city. Alvi stated that 70% of Karachi is already exempt from load-shedding.…

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IMF Pressure Forces Govt to Hike Gas Tariffs from July 1 to Curb Utility Deficits

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Gas-IMF

ISLAMABAD: Facing mounting pressure from the International Monetary Fund (IMF), the government has no choice but to raise gas sale prices from July 1, in line with conditions to eliminate deficits in the country’s gas utilities. Under the IMF-endorsed 2022 amendment, gas tariffs must be revised annually to ensure zero fiscal shortfall for Sui companies. As a result, a gas price hike is now imminent to address the Rs 40 billion deficit faced by Sui Northern Gas Pipelines Limited (SNGPL), according to a senior official in the Ministry of Energy.…

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Govt Finalizes Landmark Rs1.275 Trillion Loan Deal with Banks to Tackle Power Sector Debt

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Circular-Debt

ISLAMABAD: In a historic move to address Pakistan’s mounting circular debt in the power sector, the government has finalized a record loan agreement worth Rs 1.275 trillion with around 18 commercial banks. The deal, which comes after months of negotiations over term sheets and legal frameworks, now awaits final approval from the Federal Cabinet. The financing arrangement is part of the government’s broader circular debt reduction plan—endorsed by the International Monetary Fund (IMF)—and aims to offset a significant portion of the Rs 2.3 trillion debt, including Rs 700 billion currently…

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If attempt is made to stop Pakistan’s water, military option will be open”: WAPDA Chairman

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Pakistan's water

WAPDA Chairman Lieutenant General (Retd) Sajjad Ghani has stated that if India attempts to stop Pakistan’s water, the military option will be open. Speaking in Karachi, he emphasized that Pakistan will fully defend its water rights and considers stopping water an act of war. He added that India has limited capability to stop water on the Chenab and Indus rivers and would require significant capacity and time to do so. Ghani stressed that Pakistan will thwart India’s intentions and if an attempt is made to stop Pakistan’s water, the military…

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Federal Minister for Petroleum Ali Pervaiz Malik engages with OICCI

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Federal Minister for Petroleum Ali Pervaiz Malik

Karachi, May 30, 2025: Federal Minister for Petroleum, Mr. Ali Pervaiz Malik held a detailed interactive session with the Overseas Investors Chamber of Commerce and Industry (OICCI), attended by senior business leaders from both local and multinational companies. Discussions focused on Pakistan’s energy priorities and the path to long-term economic stability. The Minister reaffirmed the government’s commitment to structural reforms, accelerated policy execution, and enhanced industry engagement. He outlined key investment opportunities in upstream exploration, pipeline development, and downstream processing, aligned with the global shift toward cleaner energy. He further…

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