No plans to hand over DISCOs to any institution: ministry
- 11-Jan-2024
The Ministry of Energy, Power Division, has officially denied reports regarding the transfer of control over Distribution Companies (DISCOs) to any institution. In a press release issued today, the ministry clarified that there have been no changes in the management of DISCOs. It further stated that there are no plans in place to handover DISCOs […]
Power ministry seeks Rs1.54 trillion to settle circular debt
- 05-May-2023
The Ministry of Energy sought Rs 1.54 trillion from the ruling government to settle the power sector’s circular debt, ARY News reported on Friday. According to the sources, the International Monetary Fund (IMF) imposed a condition to settle the circular debt for power generation companies in the fiscal year 23-24. Sources revealed that the Ministry […]
Power Division claims zero shortfall of electricity in country
- 07-May-2019
Spokesman of power division Zafaryab Khan in a statement said that overall power demand in the country remains at 18908 megawatts, while 20,300 megawatt electricity being generated.
Ministry of Energy raises Rs200 bn through ‘Pakistan Energy Sukuk’
- 02-Mar-2019
The sukuk was issued through Power Holding Private Limited, a company entirely owned by the government and is a Shariah-compliant instrument