The Federal Investigation Agency (FIA) has sought extensive records from the Lahore Electric Supply Company (Lesco) as part of a probe into alleged corruption and irregularities in the procurement of Advance Metering Infrastructure (AMI), commonly known as smart metering projects. Read More: FIA suspends 11 officers over corruption links with LESCO officials According to sources, the FIA launched […]
Power sector
NEPRA cut sought under monthly fuel adjustment
The Central Power Purchasing Agency (CPPA) has approached the National Electric Power Regulatory Authority (NEPRA) seeking a reduction in electricity tariffs under the monthly fuel adjustment for November. If approved, consumers may receive relief of 72 paisa per unit in their power bills. Read More: NEPRA slashes power tariff by Rs0.88 for December According to CPPA, […]
PM orders faster privatisation of power companies
ISLAMABAD: Prime Minister Shehbaz Sharif on Monday instructed authorities to accelerate the privatisation of power distribution (Discos) and generation companies (Gencos) to establish a competitive electricity market. He said privatisation is a sustainable solution to Pakistan’s longstanding energy challenges. Read More: PM directs expedited privatisation process for Discos, Gencos During a high-level meeting, the prime […]
IMF aims to maintain zero circular debt inflow this fiscal year
ISLAMABAD – The federal government has set a target to bring the power sector’s circular debt inflow to zero during the current fiscal year, a key condition set by the International Monetary Fund (IMF) for the release of a $1.2 billion tranche under the Extended Fund Facility (EFF). Read More: IMF to disburse $1.2bn to Pakistan […]
KE Holdings urges immediate elections for K-Electric board
KARACHI: KE Holdings (KEH), the majority shareholder of K-Electric, has formally requested immediate elections for the company’s board, citing that the board’s term expired in July 2025. In a letter sent to K-Electric’s CEO, the SECP Chairman, and the Pakistan Stock Exchange CEO, KEH stressed the urgent need for fresh leadership. Read More: KE reappoints Moonis […]
Pakistan’s power sector circular debt rises to Rs1.69 trillion
ISLAMABAD — Pakistan’s circular debt in the power sector surged by Rs79 billion during the first quarter of the fiscal year, reaching Rs1.693 trillion by the end of September 2025, according to a report issued by the Power Division. The report highlighted that the debt had stood at Rs1.614 trillion in June 2025, marking a […]
Power sector circular debt rises by Rs79bn
ISLAMABAD – Pakistan’s power sector circular debt rose by Rs79 billion in the first quarter (July–September) of the current fiscal year, reaching Rs1.693 trillion, according to a quarterly report by the Power Division. The increase comes despite government efforts to curb debt accumulation through capital injections and improved recovery mechanisms. The report showed that payables […]
NEPRA fines LESCO and K-Electric Rs25 million
The National Electric Power Regulatory Authority (NEPRA) has imposed a Rs25 million fine on the Lahore Electric Supply Company (LESCO) for failing to reduce transmission and distribution losses and improve recovery during the fiscal year 2023–24. According to NEPRA, LESCO’s system losses increased by 4.04%, reaching 15.92%, which caused an estimated Rs47.6 billion loss to […]
Pakistan to Open Electricity Market for the First Time
ISLAMABAD: Pakistan’s federal government has announced a major reform to open the country’s electricity market, allowing consumers to choose their power suppliers for the first time in history. According to Power Division Secretary Dr. Fakhar Alam Irfan, consumers using one megawatt or more will be able to select their electricity provider starting January 2026. The […]
Pakistan Eyes IMF Staff-Level Agreement During Aurangzeb’s US Visit
ISLAMABAD: Authorities are optimistic about concluding a staff-level agreement (SLA) with the International Monetary Fund (IMF) during Finance Minister Muhammad Aurangzeb’s upcoming visit to the United States. The agreement hinges on consensus regarding Pakistan’s external account and the verification of flood-related losses and their fiscal distribution among federal and provincial accounts. Officials confirmed that the […]