This decision comes in response to a formal request from the federal government, aiming to ease the financial burden on consumers amid rising inflation. The price cut will apply to electricity bills issued during these three months, benefiting millions of households and businesses. However, lifeline consumers will not be eligible for this relief. The federal […]
The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) initially showed strength, climbing 792.80 points, or 0.67 percent, to settle at 119,730.91 points in the first half of the trading session, compared with the previous closing of 118,938.11 points. The surge was fuelled by investor optimism following a major reduction in electricity prices by […]
The k-Electric proposed refund comes after the utility charged higher per-unit electricity rates in January 2025. Under the monthly fuel charges adjustment (FCA) for January, the company wants to refund approximately Rs4.84 billion to its power consumers. The regulator has scheduled a public hearing for March 20 to consider the KE request for a provisional […]
According to sources, the company’s board has approved amendments to the power purchase agreement, which includes revising the existing tariff in line with the Task Force’s proposed tariff. As part of the agreement, Safa Power Company will adhere to the “Take and Pay” tariff agreement. The company has informed the Pakistan Stock Exchange about the […]
Talking here Gohar Ejaz said that the IPPs were selling their oil in the market and showing the consumption different from the actual oil utilization. Gohar Ejaz said that the government and the establishment have taken the issue of the IPPs seriously. He said there is no problem in the economy, the actual problem is […]
According to details, owners of four independent power producers (IPPs) set up under the 1994 policy and another, established under the 2002 policy, have been warned of consequences if they don’t terminate the power purchase agreements (PPAs) voluntarily, the sources said. The task force has asked the owners of the IPPs to end capacity charges […]
Talking to the media in Lahore, the Jamaat Islami chief said, “They are trying to make the people fool with this charity.” “You have to give relief to the whole of Pakistan,” JI Ameer said. He demanded permanent relief for people with electricity bills. JI chief also demanded a forensic audit of the IPPs. He […]
The independent power producers (IPPs) have earned billions of rupees, and closed them to save billions, PML-N’s Hanif Abbasi said in the National Assembly. Taking part in the budget debate, PML-N lawmakers said that the money is not being recovered from the IPPs and salaried class is being overburdened. Shut down these IPPs they have […]
