ECC Approves Rs. 659.6 Billion Guarantee to Settle IPP Dues

By Sabica Tahira ⏐ 4 weeks ago ⏐ Newspaper Icon Newspaper Icon 2 min read

In a major move to ease financial strain in the power sector, the Economic Coordination Committee (ECC) has approved a government guarantee of Rs. 659.6…

Govt Cancels Expensive IPP Contracts, Saves Rs. 3.6 Trillion

By Sabica Tahira ⏐ 1 month ago ⏐ Newspaper Icon Newspaper Icon 2 min read

In a major development aimed at reducing the financial burden on Pakistan’s power sector, the government has cancelled and renegotiated costly Independent Power Producer (IPP)…

Govt Plans Drastic Reduction in Solar Net Metering Rates

By Huma Ishfaq ⏐ 9 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

ISLAMABAD: The government has proposed a revision to the electricity rates for solar panel owners’ net metering in a submission to the IMF delegation. Additionally,…

Govt Recovers Rs35 Billion from Power Plants Amid Sector Overhaul

By Tech Desk ⏐ 9 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

ISLAMABAD: The government has recovered Rs35 billion from independent power producers (IPPs) and terminated contracts with six power plants as part of ongoing power sector…

Travel Restrictions Enforced On Pakistani Businessman Shahid Abdullah

Travel Restrictions Enforced on Pakistani Businessman Shahid Abdullah

By Tehniyat Zafar ⏐ 1 year ago ⏐ Newspaper Icon Newspaper Icon 2 min read

Shahid Abdullah, a notable Pakistani businessman and CEO of Sapphire Electric Company Limited (SECL), was stopped from flying abroad on Friday morning. Abdullah, the proprietor…

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