PAKISTAN MINISTRIES UNPAID ELECTRICITY BILLS
Hundreds storm Pakistan power station over long outages
Hundreds protest power cuts in Quetta due to fuel shortages and unpaid bills, leading to chaos. Balochistan faces prolonged outages affecting neighborhoods. Protesters claim they had no choice but to act. Climate change exacerbates heatwaves in one of Pakistan's poorest provinces.
Pakistan: Electricity bills to rise as govt set to privatise power distribution companies
Pakistan finalises plan to privatise profit-making power companies, potentially raising electricity prices. Shehbaz-led coalition government to oversee privatisation. New 12-member board formed for the process. FIA officers deployed to curb power theft, aiming to recover losses.
Pakistan assures IMF not to allocate additional budget for China-Pakistan Economic Corridor
Pakistan government reassures IMF about no extra budget for Chinese power plants. Ministry of Energy faces criticism for electricity price hike. Circular debt from CPEC projects raises concerns. Violations of Energy Framework Agreement highlighted.
Kangana Ranaut lauds govt for implementation of controversial citizenship amendment bill
Created in 2019, the controversial policy was meant to help persecuted religious minorities such as Hindus, Sikh, Jains, Parsis and Christians of neighbouring nations such as Pakistan, Bangladesh and Afghanistan gain Indian citizenship.
Govt amends rules to mandate gencos to give surplus power to exchanges
The government has amended the Electricity (Late Payment Surcharge and Related Matters) Rules of 2022 to ensure adequate supply of electricity to consumers. The amendments include changes related to surplus power, late payment surcharge, and access to the national power grid. Union Minister R K Singh announced the key amendment regarding surplus power and the eligibility criteria for power generators.
Pakistan ministries owe over PKR 98 million in unpaid electricity bills
Amid the Pakistan public is agitating against the inflated electricity bills, a reports revealed that the Pakistan Prime Minister has unpaid PKR 9,819 in terms of electricity bills
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Developing countries in the grip of debt problems
Zambia is making progress with a $6.3 billion debt rework deal with creditor nations and China. Sri Lanka has exchanged its dollar-denominated bonds for new rupee-dominated notes, but a Treasury bond exchange has faced delays. Ghana is aiming to reduce its international debt payments by $10.5 billion and hopes to reach a deal with bondholders.
Pakistan government struggles to find a fix to 'electricity price shock' amid countrywide protests
The price of petrol and high-speed diesel is estimated to rise by about PKR 9-10 per litre and PKR 18-20 per litre, respectively on August 31. Furthermore, the price of kerosene is slated to rise by about PKR 13 per litre, based on existing tax rates and import parity price, particularly due to currency depreciation and slight increase in international oil prices, the Dawn report said.
Farmers urge government to fulfil 'written commitments' as they descend at Ramlila Maidan
The Ministry of Agriculture had in July last year also issued a gazette notification announcing the setting up of a committee in this regard. The notification said the committee would suggest measures to make MSP available to farmers across the country, promote natural farming and prepare a comprehensive strategy for crop diversification, among others.
Pakistan government halts clearance of bills, salaries amidst economic crisis, say reports
The Ministry of Finance and Revenue also instructed the Accountant General of Pakistan Revenues (AGPR) to halt the clearing of all the bills of the federal ministries/divisions and attached departments until further notice, The News International quoted official sources as saying.
'No luxury cars, no 5-star hotel stay': Pak ministers to forgo pay, perks for IMF bailout
Cash-strapped Pakistan is taking several drastic austerity measures to ensure compliance with conditions set by the International Monetary Fund for a much-needed $1.1 billion bailout package. On Wednesday, Prime Minister Shehbaz Sharif addressed the media alongside the federal Cabinet to announce a slew of cash-saving measures.
Pakistan to impose taxes worth Rs 170 billion for IMF's $7 bn bailout
Pakistan is seeking a USD 7 billion bailout package from the IMF to prevent the collapse of the economy. While the visiting IMF delegation is asking for several reforms and compliance with its conditionality. The IMF mission, led by Nathan Porter, began talks on January 31 with the Pakistan government represented by Finance Minister Ishaq Dar for the ninth review of the assistance package.
Why were millions of Pakistanis without electricity?
Here's a look at what happened, and the immediate prospects for Pakistan's power grid.
Pakistan’s impending gas crisis this winter
Pakistan government is reluctant to take the risk of purchasing gas from Iran and Russia, fearing international sanctions, and is now showing desperation to proceed forward with the Turkmenistan-Afghanistan-Pakistan-India Natural Gas Pipeline (TAPI) project to overcome the energy crisis in the country, according to a report in The Tribune, a leading English daily from Pakistan.
India plans contentious law to cut $75 billion utility debt
The matter is contentious because several state governments promise free electricity to lure voters. Politicians then press regulators to prescribe artificially low tariffs or local administrations fail to transfer subsidies; money-losing retailers delay payments to power generators, grid operators and coal suppliers, weakening the entire supply chain.
Mysterious Bill Gates photo highlights Imran Khan's army crisis
The drama began four months earlier, when army chief Qamar Javed Bajwa appointed Anjum to lead the Inter-Services Intelligence, or ISI, which oversees Pakistan’s internal security. Khan then delayed the appointment and publicly voiced support for General Faiz Hameed, widely seen as his ally, to stay in the role. After a standoff lasting several weeks, the army chief got his way.
Sri Lanka to buy fuel from Indian Oil to tide over energy crisis
According to the Cabinet statement, the Ministry of Energy has discussed with the IOC to procure 40,000 metric tonnes of diesel and 40,000 metric tonnes of petrol.
Discom dues hit Rs 1 lakh crore till last week
Industry sources said several parts of Jharkhand are facing power cuts as state-owned Damodar Valley Corp is restricting supply in the wake of unpaid bills. According to sources, the combined regulatory assets or deferred tariff hikes of the distribution companies are around Rs 1.25 lakh crore, while the consolidated debt stands at Rs 6 lakh crore.
China backing away from its initial financial promises to Pakistan under CPEC: Report
According to Asia Times, Pakistan Army is set to take near-total control of the CPEC in a bid to reassure Beijing that their investments will be more secure amid militant attacks on Chinese engineers and others facilitating the infrastructure projects.
Central funding cut for states owing discoms?
The move is aimed at enforcing fiscal discipline among state governments and discoms but will impact state borrowings. If approved, it will be the strictest measure so far taken to correct the operational and financial position of power distribution companies. Experts foresee huge resistance from state governments.
Pakistan records highest single day spike in COVID-19 infections
The death toll due to the viral infection jumped to 417 with 32 fatalities recorded in the last 24 hours, the Ministry of National Health Services said.
Pakistan PM powerless unless he pays up?
Austerity measures surely do not include leaving outstanding electricity bills unpaid.
Company threatens to cut off power supply of Pak PM's office over non-payment of bills
The Islamabad Electric Supply Company (IESCO) on Wednesday issued a notice to the PM Secretariat that it will cut off the power supply if the bills were not cleared.
New norms for discoms to secure payment to gencos
The ministry order will empower the despatch centres to follow the PPA provision and cut supply.
Unpaid bills hold up key defence work
At least eight runway upgradation projects, including the one at Sulur air base that hosts Tejas, and more than six hangar projects, including ones being built to hold Rafales in Ambala and Hashimara, have been hit.
Pakistan's trade deficit widens to record $ 30 billion
The government has recently removed the commerce secretary, Azmat Ali Ranjha, for failing to promptly implement the trade policy.
Demonetisation positive for power sector: Mercom
The government has mandated that the old notes of Rs 500 and Rs 1,000 denominations can be used to pay pending utility bills which will help discoms.
World Bank approves $500 million loan to Pakistan
The loan, scheduled to be issued in April, was delayed due to government's failure to implement key conditions imposed by the bank.
Home Ministry decides to replace floodlights on India-Pakistan international border with LEDs
Home Minister Rajnath Singh has decided to replace the entire floodlights on the volatile India-Pakistan international border with LEDs.
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