Govt to keep gas prices unchanged for six months despite Rs3 trillion circular debt
Pakistan government announces six-month freeze on gas prices to provide relief to consumers, even as gas sector circular debt approaches Rs3 trillion and reforms continue.
Pakistan Gains Temporary Relief as Global Oil Prices Retreat
Pakistan benefits from the timely retreat in global oil prices, easing import costs and current account pressures, but experts warn of structural oversupply and the need for energy reforms.
UN Report Urges Pakistan to Expand Grid Infrastructure for Renewable Energy Growth
The UN highlights Pakistan’s renewable potential while warning that weak grid infrastructure threatens the country’s transition to affordable, carbon-free electricity. Investment, policy reforms, and stakeholder engagement are crucial to accelerating the energy shift.
Pakistan Government Cancels Costly IPP Contracts, Saving Rs. 3.6 Trillion
The Pakistani government cancels and renegotiates long-standing independent power producer (IPP) contracts worth Rs. 3.6 trillion, ending excessive capacity payments and inefficiencies in the power sector, providing significant relief to consumers and the industrial sector.
K-Electric Reviewing Viability After Major Tariff Cut, Says CEO Moonis Alvi
K-Electric CEO Syed Moonis Abdullah Alvi has raised concerns over NEPRA’s major revisions to the Multi-Year Tariff for FY2024–30, warning that the large-scale reductions threaten the utility’s operational viability. The company is reviewing the implications and considering all legal and regulatory options to ensure service continuity and financial stability.