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The federal government has decided to terminate agreements with six independent power producers (IPPs). These IPPs generate costly electricity, adding financial strain to consumers and the government. The terminated contracts cover a combined capacity of 2,396 MW. The decision is part of a broader strategy to reduce electricity tariffs and save money. Officials estimate that …
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ISLAMABAD: Power Minister Awais Leghari announced on Friday that the nation would soon hear good news from negotiations with independent power producers (IPPs). He emphasized that they are working to lower electricity prices. However, immediate relief is unlikely. Power Minister Awais Leghari testified before the Senate Standing Committee on Power. He mentioned that he led a …
Continue reading “Power Minister Promises Reforms and Relief in Electricity Sector”
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has approved an additional charge of Rs1.743 per unit for electricity consumers, effective from September 2024. This decision allows both state-owned distribution companies (Discos) and K-Electric to recover Rs43.23 billion over the next three months. The recovery will address quarterly adjustments for the fourth quarter (April-June) of …
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Traders across Pakistan are on strike today, protesting against the government’s new tax reforms. The strike has led to widespread business closures in major cities. Traders’ associations and political parties support the strike, highlighting their frustration with the tax policies. Political parties backing the strike include Jamiat Ulema-e-Islam Fazl (JUI-F), Pakistan Tehreek-e-Insaf (PTI), Jamaat-e-Islami (JI), …
Continue reading “Nationwide Strike Disrupts Businesses as Traders Protest Tax Reforms”
The Korangi Association of Trade and Industry (KATI) has formally declared its support for the nationwide traders’ strike set to take place on August 28, 2024. The announcement was made in a joint statement by key figures within KATI, including President Johar Qandhari, Deputy Patron-in-Chief Zubair Chhaya, Senior Vice President Nighat Awan, Vice President Muslim …
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