Economy shows signs of recovery amid govt-military collaboration
Pakistan’s economy is showing significant signs of recovery due to the coordinated efforts of the federal government and military leadership, dispelling widespread rumors of a possible default. Moreover, positive economic developments in recent days have signaled a brighter future of growth and prosperity for the country. The State Bank of
IPPs owners meet military leadership to discuss tariff reductions: Report
Senior military leaders have now become involved in efforts to stabilize the power sector’s finances and operations, according to a report published in The News. On Monday, owners of various independent power producers (IPPs) held discussions with the military’s top brass, presenting ideas to lower electricity tariffs. The goal is
Govt considers shutting down IPPs to lower electricity bills
The federal government is considering several strategies to reduce electricity tariffs in response to the financial difficulties affecting the power sector. One proposal being evaluated is the potential shutdown of domestic Independent Power Producers (IPPs) operating in both public and private sectors. The government is considering several strategies to reduce
There can be no political stability in a country with stolen elections: Khaqan Abbasi
Former Prime Minister and head of the Awam Pakistan Party, Shahid Khaqan Abbasi, stated that the country does not progress because no one adheres to their oaths. He added that political stability cannot be achieved in a country where elections are stolen. Abbasi highlighted that every system in the world
Gohar Ijaz proposes plan to lower electricity bills
Former Interim Commerce Minister Gohar Ejaz has proposed a plan to lower electricity bills across the country. According to private TV channel, former Interim Commerce Minister Gohar Ejaz has proposed eliminating all taxes on electricity bills and halting payments of 2 trillion rupees to Independent Power Producers (IPPs). Ejaz suggested
Jamaat-e-Islami threatens govt with nationwide boycott of electricity bills
Jamaat-e-Islami’s (JI) Emir, Hafiz Naeemur Rehman, has once again warned the government of a nationwide call to stop paying electricity bill if their demands are not met. This declaration was made during the party’s ongoing sit-in at Liaquat Bagh, which has now entered its tenth day. He called on the
Govt proposes plan to cut electricity rates by Rs5 per unit
Government considers Rs4 trillion payment to IPPs for Rs5 per unit electricity rate cut The federal government has been presented with a substantial relief plan involving a lump sum payment of Rs. 4 trillion to Independent Power Producers (IPPs) in exchange for reducing electricity bills by Rs5 per unit across
Suleman Shehbaz and Jahangir Tareen among those who made billions from IPPs
The topic of capacity payments to independent power producers (IPPs) has become a hot-button issue in Pakistan. Senior news anchor Hamir Mir reports that the government holds a 52% stake in these IPPs, with the remaining 48% owned by private investors. According to Mir, Pakistan has a total of 100
