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Articles for tag: Bank, Funding, Pakistan, Power, reforms, sector, Seeking, significant, specific, world

January 16, 2026

News Desk

The World Bank is seeking specific reforms in the power sector before significant funding to Pakistan

An undated image of the World Bank building. — Reuters FinMin meets World Bank Director for Pakistan. The World Bank recognizes Pakistan’s progress towards stability. Both sides agree that targeted sectoral reforms could boost exports. ISLAMABAD: The World Bank (WB) has urged Pakistan to take a results-oriented approach in seeking a multi-billion dollar loan in the medium to long term to address its financially draining power sector. The News reported on Friday. There is a long wish list for the energy sector, including the power and gas sectors, but the World Bank has notified the government that it will assess

January 14, 2026

News Desk

Consumers to bear burden of Rs 2.95 trillion amid intensifying economic pressure on power sector

A representational image of a transmission tower. — AFP/File Nepra predicts that consumers will pay Rs 1.92 billion in capacity payments. Rs 1,023 billion to be paid under the Power Purchase Price (EPP) next year. Consumers to bear distribution margin of Rs 4.09 per unit: Nepra Electricity consumers are expected to shoulder a burden of Rs 2.95 trillion in capacity payments and power purchase costs in calendar year 2026, highlighting the intensifying economic pressure on the country’s power sector on end users, The News reported on Tuesday. The National Electricity Regulatory Authority (Nepra) has arrived at the decision on a

January 8, 2026

News Desk

Government to ‘fully liberalize sugar sector by June 2026’ under IMF deal

Crystalline white sugar and sugar cubes are seen in this picture taken on December 16, 2018. — Reuters The government will remove price controls on sugar and cane. Restrictions on the creation of new sugar mills are removed. To remove zonal restrictions on sugarcane cultivation. Islamabad: Pakistan has committed to the International Monetary Fund to fully liberalize its sugar industry by the end of June 2026, ending long-standing government oversight of prices, production and trade, The News it said on Thursday, citing sources. The move aims to hand over the entire sugar economy, from farms to mills and markets, to

January 7, 2026

News Desk

The report cites weaknesses in public sector discos

NEPRA says the electricity distribution sector has shown uneven progress in terms of health and safety standards Economy. Photo: design: Ibrahim Yahya Islamabad Pakistan’s electricity distribution sector continued to show uneven progress in health, safety and environment (HSE) standards, according to the National Electricity Regulatory Authority (Nepra)’s HSE performance assessment report for the financial year 2024-25. The report highlights the persistent weaknesses of many public sector distribution companies. Utilities such as the Lahore, Quetta and Hyderabad power companies were rated in the “fair” category, indicating gaps in safety governance, contractor oversight and implementation of safety procedures at the field level.

December 24, 2025

News Desk

PIA privatization reflects govt’s resolve to overhaul aviation sector: DG CAA

A representational image of the PIA plane. — APP/File Pakistan Civil Aviation Authority (PCAA) Director General Nadir Shafi Dar said on Tuesday that the successful privatization of Pakistan International Airlines (PIA) was a clear demonstration of the government’s determination to transform the country’s aviation sector. In a statement, Dar credited Defense Minister Khawaja Asif and Defense Minister Lt. Gen. Muhammad Ali for providing critical support that allowed the PCAA to make key reforms, leading to the lifting of air restrictions imposed by the European Commission and the United Kingdom. He said the removal of these restrictions was instrumental in the

December 14, 2025

News Desk

The gemstone sector is looking for added value

LAHORE: Calls are growing for the government to create special value-added zones and marble parks to transform Pakistan’s gem and marble industry, which remains largely informal despite its significant natural wealth. Industry representatives warn that without modern processing facilities, load shedding and long-term export-focused reforms, Pakistan will continue to lose billions in potential revenue to regional competitors. The appeal comes at a time when the global market for gemstones and related products is expanding rapidly. According to local industry estimates, the global market for precious and semi-precious stones was valued at around $1,040 billion last year, and the broader gemstone

December 11, 2025

News Desk

Pakistan finalizes record Rs 659.6bn power sector debt settlement, says minister

An electricity transmission tower is seen a day after a nationwide power outage in Karachi on January 24, 2023. — Reuters The Deal promotes cyclical debt cuts as part of the government’s reform plan. Analysts say the move boosts energy liquidity and investor confidence. The settlement aims to reduce the cyclical debt of the electricity sector. Islamabad: Pakistan has completed a landmark repayment of Rs 659.6 billion of liabilities of Power Holding Limited (PHL), the largest ever deal in the debt capital markets, Federal Minister for Power Sardar Awais Ahmed Khan Leghari announced on social media. The News reported on

October 29, 2025

News Desk

Saudi minister urges PIF to facilitate domestic spending, pave way for private sector

Saudi Arabia’s Investment Minister Khalid bin Abdulaziz Al-Falih attends the Future Investment Initiative (FII) in Riyadh, Saudi Arabia, October 29, 2024. — Reuters Minister Khalid urges PIF to pave way for private sector. The PIF president said the fund last year would focus on domestic projects. The Fund’s initial strategy for the period 2021-2025 expires in December of this year. Saudi Arabia’s investment minister urged the kingdom’s Public Investment Fund (PIF) on Tuesday to ease spending on domestic projects and pave the way for more private sector investment as the fund prepares to draw up a new strategic plan. “It’s

October 21, 2025

News Desk

PSX gains 1.49% as banking sector leads recovery

Market rebounds on easing border tensions, current account surplus and rising tech exports A stockbroker reacts while watching the market on the electronic board showing stock prices during the session at the Pakistan Stock Exchange in Karachi July 3, 2023. Photo: Reuters/File The Pakistan Stock Exchange (PSX) rebounded strongly on Monday, with the benchmark KSE-100 climbing 2,436.69 points, or 1.49%, to close at 166,242.90. The session started on a cautious note, with the index touching an intraday low of 164,281.95 (-0.29%). Buying interest soon appeared, pushing the index to a high of 166,421.33, before settling slightly below that level. Investment

September 30, 2025

News Desk

Finnish company to invest in Reko DIQ, in the mining sector

Islamabad: Federal oil minister Ali Pervaiz Malik met with a Finnish delegation led by Ambassador Hannu Ripatti, Piia Karhu, president of the minerals at Metso and Willie Eerola, the Honorary Consul of Pakistan in Finland, to discuss Pakistani in Finland, to discuss Pakistan Investments. According to an official statement issued on Monday, Malik said Pakistan had moved from primitive mining practices to mechanized, responsible mining. He noted that the government had informed the regulatory framework to make the sector worldwide competitive. He emphasized Reko DIQ as the “lens body” of the Pakistani mineral industry and assured full government support for

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