Pakistan today finds itself trapped in a dangerous economic vortex where the state is attempting to increase revenue by placing ever-growing pressure on the economy, while the economy itself continues to shrink under that very burden. Industries are shutting down, employment opportunities are shrinking, consumption is falling, and consequently, the tax base itself is collapsing. […]
IPPs
Nepra plans major cut in solar net metering rates
LAHORE — The National Electric Power Regulatory Authority (Nepra) is working on a significant revision of solar net metering rates, proposing to reduce the buyback rate from Rs. 23 per unit to Rs. 10, sources at the Power Division said. In a later phase, officials are considering removing the buyback mechanism entirely, meaning consumers generating […]
How Pakistan trapped itself in an economic deadlock
In every successful economy, one constant stands out: policy stability. Countries that progress economically — from Singapore to Germany — do so because their business environment is predictable, transparent, and efficient. Investors know that their capital is safe from political upheaval and arbitrary rule changes. In contrast, Pakistan’s economy has become a hostage to instability […]
Government injects Rs 80 billion cash in listed IPPs; more to come
In the first installment of latest circular debt clearance, the government has settled 40% of the overdue receivables of Rs 200 billion for listed independent power producers (IPPs) while the remainder receivables are expected to be settled by Dec’21. Shahrukh Saleem, a senior analyst at AKD Securities Ltd informed that 40% settlement of dues is […]
Govt completes of first payment transaction to 20 power producers
ISLAMABAD: The government has completed the first payment transaction amounting of Rs 89.2 billion to 40 percent to 20 independent power producers (IPPs). In compliance with the directives of the prime minister and under guidance of the finance minister, the government has completed the first payment transaction of 40 percent to 20 IPPs amounting to […]
Federal cabinet approves 1st installment of payment for IPPs
After a delay of three months since the payments to the Independent power producers (IPPs) became due as per August 2020 MoUs, the federal cabinet on Wednesday finally accorded approval to the clearance of first installment to the IPPs. The government is due to clear these receivables till June 7, 2021. The 40 […]
PSX recovers from its lows, yet closes 0.4% down
Pakistan’s equity market witnessed a volatile week where the benchmark index closed Friday at 37,131 points, down 0.4 percent from last week. Average daily volume remained subdued at 122 million shares while average value traded slid 15 percent to US$33 million per day. At the verge of entering an IMF program, economic clarity continues to […]