Tag Archives: Energy and Infrastructure

Introduction: Rising Oil Prices and Economic Implications Pakistan is on the brink of another economic challenge as it grapples with the impending increase in the price of high-speed diesel. The nation, already contending with inflation at significant levels, is now faced with the prospect of an oil shock that could further strain its economy and impact the lives of its …

Enhancing Tax to GDP Ratio: The Executive Committee of the National Economic Council (ECNEC) recently approved the “Investment Project Financing” (IPF) component of the “Pakistan Raises Revenue Project” to enhance the country’s tax to GDP ratio. Valued at Rs. 21.518 billion, with a $80 million World Bank loan, the IPF component aims to reduce tax expenditure, broaden the tax base, …

Introduction: In a recent decision, the National Electric Power Regulatory Authority (NEPRA) has approved the government’s request to raise the basic electricity tariff by up to Rs7.5 per unit. The increase will be implemented across different consumption slabs, except for lifeline consumers who will remain exempted from the hike. The Tariff Increase Details: According to the notification sent to the …

Introduction: The federal government in Pakistan has made a significant decision to increase the power tariff by up to Rs7.50 per unit, causing concern among the inflation-ridden masses. The basic tariff will see a significant increase, affecting electricity consumers across various usage categories. The government has filed a request with the National Electric Power Regulatory Authority (NEPRA) for this increase, …

Introduction Pakistan faces a severe energy crisis, and the situation has escalated with the announcement of an indefinite nationwide closure of petrol pumps by the Pakistan Petroleum Dealers Association (PPDA). Dissatisfied with the lack of an increase in dealers’ margins, the PPDA is voicing its grievances and raising concerns over rampant smuggling of Iranian petrol and diesel. The closure is …

The Cabinet Committee on Inter-Governmental Commercial Transactions (CCoIGCT) Meeting Federal Minister for Finance and Revenue, Senator Ishaq Dar, chaired a meeting of the Cabinet Committee on Inter-Governmental Commercial Transactions (CCoIGCT) on Wednesday. The committee discussed various matters related to inter-governmental cooperation between the UAE and Pakistan. Summary and G2G Agreement for KPT Development During the meeting, the committee reviewed a …

Introduction As consumers of K-Electric (KE) prepare for a potential increase in their electricity bills, the company has recently filed a petition for Fuel Charges Adjustment (FCA) for June 2023. The proposed adjustment seeks an increase of Rs2.33 per unit in electricity rates. This development highlights the importance of understanding the factors behind the proposed rate change and the regulatory …

Introduction: Pakistan, like many other nations, is grappling with the adverse effects of climate change. From extreme weather events to rising sea levels and glacial melting, the country faces a multitude of environmental challenges. It is crucial for Pakistan to embrace sustainable initiatives that address the urgent need to combat climate change and protect its natural resources for future generations. …

Introduction: The Neelum Jhelum hydropower project, with a capacity of 969 megawatts, is gearing up to resume electricity generation by the end of July. The project was temporarily suspended last year due to the collapse of a part of its tail race tunnel. However, restoration work is nearing completion, and the project is now ready to contribute power to the …

Introduction: Prime Minister Shehbaz Sharif of Pakistan addressed the recent electricity tariff hike and emphasized the necessity of drastic structural and economic reforms to benefit from the International Monetary Fund (IMF) loan program. In a meeting with prominent businessmen and industrialists, the PM stressed the importance of national unity and sacrifices to initiate the much-needed reforms. Electricity Tariff Hike and …