Monday, October 26, 2026 · Petrol Rs 377.71 · USD/PKR 277.05 · Gold Rs 424536/tola
Breaking
Asif Khaliq drives blue-eyed Chaiwala Arshad Khan’s London success Munir and Naqvi Join Makkah Pact Talks in Tehran Iran Says the Border Is Open as Pakistan Ships LPG by Sea Six Militants and Two Soldiers Killed in DI Khan Imran Khan’s Sisters Held for Another 30 Days Rights Commission Calls for the KP Emergency to End Makkah Pact Officials Head to Tehran for Security Talks Riyadh Airport Partly Reopens Two Weeks After Attack Indian Duty-Free Access Threatens Pakistan’s Textile Edge Peshawar Begins Polio Drive for 1.11 Million Children KSE-100 Loses 4,045 Points Over the Week Task Force Asks Industry for Export Proposals PTI Weighs Talks Against Protest Over KP Seven of One Family Killed in Murree Road Accident Mir Raza’s Father Asks for a JIT Member to Be Replaced Pakistan Rejects a $490m Loan as Too Expensive Minister Seeks Loan Rescheduling as Rates Bite at 25pc 31,000 Consumers Denied the Petrol Subsidy Portal Glitch Blocks Returning Pakistanis From Filing LPG Cargoes Down to Two as Senate Presses on Winter Fuel

Articles for tag: DISCO, Discos, Government, K-Electric (KE), KE, Model, privatization, revising

May 18, 2024

News Desk

Government is revising the KE model for DISCOs

Islamabad: The federal government is studying the privatization model of K-Electric (KE), while considering different options to sell other electricity distribution companies (DISCOs). A committee, constituted by the prime minister, held extensive discussions in a recent meeting to determine the most appropriate model for the electricity sector, particularly the privatization and concession models. The discussion was aimed at addressing the critical issues and finding the best way forward. According to sources, the committee recognized the imperative to explore various models for private sector participation and privatization. The outlook for the electricity sector requires a thorough assessment of different approaches to

April 27, 2024

News Desk

Nepra hearings hint at charge of Rs 23 billion

Islamabad: Electricity consumers may face an additional financial burden of around Rs 23 billion as the National Electricity Regulatory Authority (NEPRA) has completed hearings on a request regarding fuel charge adjustment (FCA) for electricity consumed in March 2024. Although NEPRA has reserved its decision on FCA’s March 2024 demand by electricity distribution companies (DISCOs), it is expected that the power regulator will follow past practices and approve the collection of Rs 23 billion from already burdened electricity consumers through their May 2024 electricity bills. According to NEPRA, the authority will issue a detailed decision after thoroughly examining the facts and

March 16, 2024

News Desk

The IMF has assured an increase in electricity tariffs

Islamabad: Pakistan has assured the International Monetary Fund of a timely increase in electricity prices, including recovery of outstanding generation costs totaling more than Rs 210 billion – a move that may help the power sector achieve financial sustainability but at the cost of the people. Islamabad has also assured the global lender that it is ready to hand over power distribution companies to the private sector under concession deals – a promise that marks the first but necessary political departure from the Pakistan Muslim League-Nawaz (PML-N) government. . Last week, Prime Minister Shehbaz Sharif formed a committee to transfer

February 28, 2024

News Desk

Businesses are sounding the alarm over rising electricity prices

LAHORE: Different business groups have expressed concern over a recent hike in fuel adjustment price of electricity, which is Rs 7.05 per unit, calling it an unexpected increase by the National Electricity Regulatory Authority (NEPRA). This increase will cost the people of Pakistan Rs 70 billion, they said. They also said that apart from domestic consumers, the industrial sector, especially the export sector, would suffer huge foreign exchange losses. “Repeated hikes in electricity tariffs are hitting exports and local businesses alike. The government has hiked the electricity rates several times and most people have been sent bills of multiples of

February 28, 2024

News Desk

The government will adopt the Turkish model

The key challenges faced by DISCOs were poor governance and inadequate investment. Therefore, they were placed on the active privatization list, but the process could not proceed. Photo: archive Islamabad: Pakistan has decided to follow the Turkish model by outsourcing the management of electricity distribution companies (DISCOs) in an effort to reduce losses, bring efficiency and attract investment. To adopt the Turkish model, the government of Pakistan has agreed with the International Monetary Fund (IMF) to hire a trade adviser for long-term concessions by the end of April 2024. The World Bank has offered grant-based technical assistance and risk guarantee

February 15, 2024

News Desk

Government disapproves of seeking Rs 81.5 billion from consumers

Islamabad: The government has come under fire for seeking permission from the regulator to recover Rs 81.5 billion from honest consumers who regularly pay bills due to capacity charges and losses caused by theft and leakages. The interveners called on the regulator to take strict action to fix the problem. The National Electricity Regulatory Authority (Nepra) held a public hearing on Wednesday to review a petition in which electricity distribution companies (DISCOs) sought recovery of Rs 81.5 billion from consumers under quarterly adjustment for the second quarter of the financial year 2023-24. It was informed that the DISCOs wanted to

February 3, 2024

News Desk

Discos contribute Rs 396 billion to debt

Islamabad: Persistent inefficiencies at power distribution companies, coupled with governance issues, have been identified as the main drivers behind a staggering Rs396 billion addition to Pakistan’s cyclical debt in the 2022-23 financial year. According to the Industry Report 2022-23 released by the National Electricity Regulatory Authority (Nepra), significant losses and reduced recovery of electricity bills have exacerbated the cyclical debt crisis. Nepra has recommended a forensic audit to enforce accountability within the staff, enhancing transparency and efficiency in the distribution network. The report highlights that most Distribution Companies (DISCOs) have failed to meet their Transmission and Distribution (T&D) loss targets,

January 31, 2024

News Desk

Power consumers prepare for another increase in bills

Islamabad: Electricity consumers in Pakistan are on the brink of yet another financial shock as distribution power companies (DISCOs) seek approval from the National Electricity Regulatory Authority (NEPRA) to recover a staggering Rs 81.5 billion through quarterly adjustments for second quarter of financial year 2023-24 (October to December 2023). The burden stems mainly from capacity charges for power plants that have remained idle during this period, and this additional financial pressure will be passed on to consumers already struggling with rising electricity bills. DISCOs have formally submitted an application to NEPRA, stating that if their request is approved, consumers could

January 20, 2024

News Desk

KE given 20 year renewal by NEPRA

Islamabad: The National Electricity Regulatory Authority (Nepra) has granted K-Electric (KE) a 20-year renewal of its power distribution and supply licences, marking a critical development for the utility. The decision follows KE’s request for a non-exclusive licence, strategically timed in view of the impending liberalization of the electricity sector. KE’s previous 20-year license expired in July 2023, prompting Nepra to issue an interim distribution license for six months, which was due to expire in January 2024. During a hearing on November 28, 2023, representatives of the Industrial Area confirmed the substantial improvements in the JV’s performance. Specifically, the authority is

January 19, 2024

News Desk

The World Bank offers help to investors

Islamabad: The World Bank has offered financial assistance and a risk guarantee for the comfort of investors in a bid to encourage private sector participation in the management of troubled electricity distribution companies (DISCOs). As efforts are underway to hand over the management control of DISCOs to the private sector, the Energy Directorate has come up with an innovative plan to reduce circular debt in the energy chain. The department intends to appoint the International Finance Corporation (IFC), an arm of the World Bank, as a transaction advisor for handing over management control of DISCOs to private investors. According to

Hamza Azhar SalamEditor — Hamza Azhar Salam · Write to us with suggestions or tips
Powered by: Frontpage.dev
WP Twitter Auto Publish Powered By : XYZScripts.com