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Chinese Company Expresses Keen Interest in Setting Up EV Charging Centers Across Sindh
Pakistan

Chinese Company Expresses Keen Interest in Setting Up EV Charging Centers Across Sindh

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Karachi: Special Assistant to the Chief Minister of Sindh Syed Qasim Naveed Qamar presided a meeting to establish Electric Vehicles Charging Centers in Sindh province. Read More: https://theboardroompk.com/pakistan-highlights-economic-reforms-at-imf-world-bank-meetings-2026/ Chinese company expresses interest in setting up Electric Vehicles Charging Centers in Sindh. ‘Due to the demand for electric vehicles in Sindh, several companies have expressed keen interest in establishing charging centers’.Syed Qasim Naveed Qamar. “Due to the increasing demand for electric vehicles in Sindh, several companies have expressed keen interest in establishing Electric Vehicles Charging Centers.” This was stated by Special Assistant to the Chief Minister of Sindh on Investment and Public-Private Partnership Syed Qasim Naveed Qamar while presiding over a meeting held with representatives of Chinese companies in his office today. Syed Qasim Naveed Qamar said that under the steps being taken by the Sindh government for environment-friendly transport in the province, electric vehicles public transport is being rapidly introduced across the province. Syed Qasim Naveed Qamar said that the Sindh government has introduced electric vehicles, electric cars, and electric motorcycles in the province. Syed Qasim Naveed Qamar said that due to the increasing demand for electric vehicles, the need for electric vehicle charging centers is increasing rapidly. For which discussions are underway with various companies under public-private partnership. He said that today this meeting with the Chinese company has also been held for the establishment of electric vehicle charging centers in the province. Syed Qasim Naveed Qamar said that the Sindh government believes in encouraging companies investing in modern technology in the province. He said that the establishment of electric vehicle charging centers will not only meet the increasing demand for charging centers but will also create employment opportunities. The meeting was attended by Secretary Investment Sindh Zubair Channa, Chief Executive Officer of Sindh Enterprise Development Fund Khizr Pervez, President of the Chinese company Ms. Alice Zhang, General Manager Mr. Mark, Head of Engineering Mr. Liuchuaning, and Consultant Mr. Arter Chen and other representatives.

Ban on Crypto Companies in Pakistan Enters Critical Review Phase
Pakistan

Ban on Crypto Companies in Pakistan Enters Critical Review Phase

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Pakistan is witnessing a renewed debate over the ban on crypto Companies after reports suggested a possible shift in the country’s long-standing policy on digital assets. While no formal notification has confirmed a complete reversal, recent developments indicate that authorities are reconsidering their stance amid growing global adoption of cryptocurrencies. Read More: https://theboardroompk.com/pakistan-highlights-economic-reforms-at-imf-world-bank-meetings-2026/ Background of the Ban on Crypto Companies The State Bank of Pakistan (SBP) imposed restrictions on cryptocurrency-related activities several years ago. The central bank directed commercial banks and financial institutions not to facilitate crypto transactions. As a result, the ban on crypto Companies effectively limited the growth of digital asset businesses in the country. Authorities justified the ban by citing risks such as money laundering, fraud, and lack of investor protection. Moreover, regulators expressed concern over the volatility of cryptocurrencies and their potential impact on Pakistan’s already fragile financial system. Despite these restrictions, a significant number of Pakistanis continued to invest in cryptocurrencies through international platforms. This created a parallel, unregulated market that remained outside the formal banking system. Emerging Signals of Policy Change In recent months, policymakers have started to reassess the ban on crypto Companies. Officials now acknowledge that a complete prohibition may not be practical in a rapidly digitizing global economy. Sources within the government indicate that discussions are underway to introduce a regulatory framework instead of maintaining a blanket ban. This shift reflects a broader recognition that cryptocurrencies and blockchain technologies can offer economic opportunities if properly managed. The proposed approach focuses on licensing crypto firms, monitoring transactions, and ensuring compliance with international financial standards. Such measures aim to reduce risks while allowing innovation to flourish. Role of Government and Regulatory Bodies The Ministry of Finance Pakistan has taken a leading role in reviewing the ban on crypto Companies. Officials are consulting with financial experts, technology stakeholders, and international partners to design a balanced policy. In addition, discussions have highlighted the potential establishment of a dedicated regulatory authority for virtual assets. This body would oversee crypto exchanges, wallets, and related services operating within Pakistan. The involvement of multiple institutions shows that the issue extends beyond banking. It touches on taxation, cybersecurity, and international compliance requirements. Global Trends Influence Pakistan’s Decision Pakistan’s reconsideration of the ban on crypto Companies aligns with global trends. Several countries have moved from strict bans to regulated environments. Governments now seek to harness the benefits of blockchain while mitigating associated risks. Financial analysts argue that Pakistan cannot afford to remain isolated from this shift. The country risks losing investment opportunities and technological advancement if it maintains rigid restrictions. At the same time, regulators remain cautious. They emphasize the need for a phased approach to avoid sudden disruptions in the financial system. Impact on Investors and Businesses Any change in the ban on crypto Companies could have significant implications for investors and entrepreneurs. A regulated environment would provide legal clarity and encourage local startups to enter the market. It would also allow banks to engage with crypto businesses under defined guidelines. This step could bring transparency to transactions and improve investor confidence. However, experts warn that regulation must be robust. Weak oversight could expose users to scams and financial losses. Therefore, authorities are likely to prioritize consumer protection in any new policy. Current Status Remains Unclear Despite growing speculation, the State Bank of Pakistan has not issued an official statement confirming the removal of the ban on crypto Companies. The central bank continues to advise caution regarding digital assets. Industry observers note that policy changes often take time. Regulatory frameworks require careful drafting, stakeholder consultation, and legal approval before implementation. For now, the crypto sector in Pakistan operates in a grey area. Individuals can access international platforms, but local businesses face restrictions and uncertainty. Future Outlook for Crypto in Pakistan The ongoing review of the ban on crypto Companies marks a turning point for Pakistan’s financial landscape. If authorities move toward regulation, the country could unlock new avenues for economic growth. Blockchain technology offers applications in banking, supply chain management, and public services. By embracing innovation, Pakistan can position itself as a competitive player in the digital economy. At the same time, the government must ensure that safeguards remain in place. Transparent policies, strong enforcement, and public awareness will be key to managing risks.

Pakistan Highlights Economic Reforms at IMF, World Bank Meetings 2026
Pakistan

Pakistan Highlights Economic Reforms at IMF, World Bank Meetings 2026

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Pakistan intensified its global economic engagement as Muhammad Aurangzeb held a series of high-level meetings during the 2026 Spring Meetings of the International Monetary Fund and the World Bank. The finance minister used the platform to highlight Pakistan’s reform progress, strengthen partnerships, and explore new avenues for trade, investment, and financial stability. Read More: https://theboardroompk.com/meta-ceo-mark-zuckerberg-develops-ai-version-of-himself-to-interact-with-staff/ These engagements come at a crucial time as Pakistan navigates economic recovery while addressing global uncertainties, including the ongoing Middle East conflict and its spillover effects on emerging markets. Strengthening Trade Ties with the United States Muhammad Aurangzeb began his engagements with a key meeting with Jamieson Greer. The discussion focused on enhancing bilateral trade and investment between Pakistan and the United States. Both sides explored opportunities to improve market access and accelerate ongoing trade negotiations. Officials expressed satisfaction with steady progress and reaffirmed their shared commitment to achieving mutually beneficial outcomes. The meeting signals a renewed push by Pakistan to expand its trade footprint and attract foreign investment. It also highlights the government’s broader strategy to strengthen economic ties with major global economies. World Bank Engagement Focuses on Economic Stability In a separate meeting, Aurangzeb met with Anna Bjerde to discuss Pakistan’s reform and development agenda. He appreciated the World Bank’s longstanding support in key sectors, including infrastructure, social protection, and governance reforms. The discussion also addressed the economic implications of the ongoing Middle East conflict. Both sides examined its direct and indirect effects on Pakistan’s economy, particularly on energy prices, remittances, and external balances. They emphasized the urgent need to strengthen social protection systems to shield vulnerable populations from economic shocks. This includes expanding safety nets and ensuring targeted support for low-income groups. Progress Under Country Partnership Framework Reviewed During the meeting with the World Bank, both sides reviewed progress under the Country Partnership Framework (CPF). Officials acknowledged key achievements in development projects but stressed the need for sustained efforts to maintain momentum. Aurangzeb highlighted the importance of a coordinated strategy between federal and provincial governments. He pointed out that Pakistan faces significant demographic challenges that require long-term planning. To address this, he requested the World Bank’s support in developing a comprehensive national master plan. This plan aims to align economic growth with population dynamics and ensure sustainable development. IMF Program and Financial Commitments Reaffirmed In another key engagement, the finance minister met with Jonathan Greenstein. During the meeting, Aurangzeb highlighted Pakistan’s successful Staff-Level Agreement with the IMF. He reaffirmed the government’s strong commitment to implementing economic reforms under the IMF program. These reforms focus on fiscal discipline, structural adjustments, and improving governance. Aurangzeb also noted that Pakistan had successfully repaid its eurobond obligation of $1.3 billion on time. This repayment reflects the country’s commitment to meeting its external financial obligations and maintaining credibility in international markets. The discussion further covered the broader economic impact of the Middle East conflict. Both sides exchanged views on strengthening foreign exchange reserves and ensuring macroeconomic stability amid global uncertainties. Boosting Private Sector Investment with IFC The finance minister also held talks with Makhtar Diop of the International Finance Corporation. The meeting focused on expanding private sector investment and enhancing productivity in Pakistan. Aurangzeb emphasized the need to create more jobs by supporting businesses and improving access to financing. He appreciated IFC’s role in mobilizing local currency financing and facilitating trade finance. However, he also called for greater collaboration in developing Pakistan’s capital markets. He urged IFC to bring global best practices to help strengthen financial systems and attract long-term investment. The minister further highlighted the importance of working closely with the Prime Minister’s Task Force on Agriculture. He stressed that agriculture remains a key driver of Pakistan’s economy and requires sustained investment and innovation. Strengthening Bilateral Cooperation with Saudi Arabia In another significant meeting, Aurangzeb met with Sultan bin Abdulrahman Al-Marshad, CEO of the Saudi Fund for Development. The finance minister expressed gratitude for Saudi Arabia’s continued support for Pakistan’s development initiatives. The discussion also covered the global energy landscape, particularly in light of the Middle East conflict. Aurangzeb highlighted the importance of energy security and expressed hope for a peaceful resolution to ongoing tensions. Both sides reaffirmed the strength of bilateral relations and their commitment to expanding cooperation in development projects. Pakistan Showcases Reform Momentum Throughout these engagements, Muhammad Aurangzeb consistently highlighted Pakistan’s reform progress. He emphasized the government’s focus on digital transformation, fiscal discipline, and structural reforms aimed at stabilizing the economy. The meetings also served as an opportunity to build confidence among international partners. By demonstrating progress and commitment, Pakistan aims to attract investment and secure long-term economic growth.

ABHI Microfinance Bank, EFU Life partner to expand access to Insurance solutions
Pakistan

ABHI Microfinance Bank, EFU Life partner to expand access to Insurance solutions

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Karachi: ABHI Microfinance Bank Limited has entered into a strategic agreement with EFU Life Assurance Ltd. to offer life insurance solutions to its customer base, aiming to expand access to financial protection and long-term security across Pakistan. Read More: https://theboardroompk.com/pakistan-auto-policy-2026-government-moves-to-boost-local-auto-parts-manufacturing/ The collaboration establishes a framework under which EFU Life’s insurance products will be distributed through ABHI Microfinance Bank’s platform, enabling customers to access insurance coverage alongside their existing financial services. The initiative is designed to support greater financial inclusion by integrating protection solutions into everyday banking. Through this partnership, customers will be able to benefit from a range of life insurance offerings, helping them manage financial risks and plan for the future. The agreement also outlines mechanisms for product distribution, customer onboarding, and service delivery, ensuring that insurance solutions are accessible, transparent, and aligned with regulatory requirements. Both organizations will work closely to ensure effective implementation, including staff training, customer awareness initiatives, and ongoing operational coordination. The collaboration also emphasizes adherence to regulatory standards, data protection protocols, and responsible sales practices to safeguard customer interests. The agreement defines ABHI Microfinance Bank’s role as a distribution partner, while EFU Life will remain responsible for underwriting, policy servicing, and claims management. This structure allows each organization to contribute its respective expertise to deliver seamless customer experience.The agreement was signed by Umer Rauf, Head of Transaction & Employee Banking at ABHI Microfinance Bank, and Muhammad Ali Ahmed, Chief Executive Officer at EFU Life Assurance Ltd., along with senior representatives from both organizations. Through this partnership, ABHI Microfinance Bank and EFU Life aim to strengthen access to insurance solutions and promote financial resilience among individuals and families. By combining banking access with insurance offerings, the collaboration seeks to support customers in managing both their financial needs and long-term security.

K-Electric HESCO Loadshedding Exemption: Govt Relieves Karachi & Hyderabad from Peak Hour Power Cuts
Editor pick, Pakistan

K-Electric HESCO Loadshedding Exemption: Govt Relieves Karachi & Hyderabad from Peak Hour Power Cuts

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The K-Electric HESCO Loadshedding Exemption has brought significant relief to electricity consumers in Karachi and Hyderabad after the federal government decided not to apply its newly announced peak-hour power outage schedule in these regions. The move comes amid efforts to manage rising electricity demand nationwide while minimizing inconvenience where cheaper power supply is available. Read More: https://theboardroompk.com/saudi-arabia-3-billion-deposit-pakistan-major-support-for-external-financing/ Earlier, authorities had unveiled a nationwide load management plan aimed at controlling electricity demand during peak evening hours. Under this strategy, consumers across the country were expected to face around two hours and fifteen minutes of daily power outages between 5pm and 1am. The initiative, described as a peak relief strategy, was designed to reduce stress on the national grid during periods of high consumption. However, the situation changed when the Power Division issued a clarification stating that the K-Electric HESCO Loadshedding Exemption would apply to consumers served by these two distribution companies. Why the K-Electric HESCO Loadshedding Exemption Was Granted The main reason behind the K-Electric HESCO Loadshedding Exemption is the comparatively lower dependence of both utilities on furnace oil-based electricity generation. Furnace oil power plants are significantly more expensive to run and often contribute to higher electricity costs and supply constraints. Instead, K-Electric and Hyderabad Electric Supply Company are currently benefiting from adequate availability of lower-cost electricity generated in the southern region. This includes power sourced from more economical generation options, which helps maintain a steady supply without requiring additional load management. Because of this improved supply situation, authorities concluded that imposing scheduled power outages would unnecessarily burden consumers in these areas. How the Nationwide Loadshedding Plan Works The nationwide plan was designed to balance electricity demand during peak evening hours. Under this framework: • Power outages were expected between 5pm and 1am• Each affected area would face approximately 2.25 hours of loadshedding daily• The objective was to reduce peak demand pressure on the grid• The strategy aimed to prevent large-scale outages by managing consumption However, due to the K-Electric HESCO Loadshedding Exemption, consumers in Karachi and Hyderabad will not experience these planned interruptions. Impact of the K-Electric HESCO Loadshedding Exemption on Consumers The exemption is particularly important for households, businesses, and industries in Karachi and Hyderabad. These cities already face economic pressures, and uninterrupted power supply during evening hours can help: • Improve business productivity during peak shopping times• Support industrial operations without disruption• Reduce reliance on costly backup generators• Enhance comfort for households during hot weather For small traders and shopkeepers, uninterrupted electricity in the evening can directly impact sales. Similarly, industries benefit from consistent power supply, which helps maintain production schedules. Southern Region Power Supply Advantage The Power Division emphasized that sufficient cheaper electricity is available in the southern networks and is being consumed locally. This localized utilization of available supply is a key factor behind the K-Electric HESCO Loadshedding Exemption. By using electricity generated within the region, transmission losses are also reduced. This improves efficiency and lowers overall system costs. As a result, consumers in these areas are less likely to face power shortages compared to regions heavily dependent on expensive generation sources. What This Means for Pakistan’s Power Management Strategy The K-Electric HESCO Loadshedding Exemption reflects a targeted approach to load management. Instead of implementing uniform outages across the country, authorities are adjusting policies based on regional supply conditions. This selective strategy could serve as a model for future power distribution planning, where areas with stable and economical supply are spared from unnecessary outages. It also highlights the importance of improving generation mix and regional power availability to reduce reliance on costly fuels. The K-Electric HESCO Loadshedding Exemption offers welcome relief for Karachi and Hyderabad residents, sparing them from planned peak-hour power cuts. The decision underscores the benefits of access to cheaper electricity in the southern region and demonstrates a more flexible approach to national load management. As electricity demand continues to grow, such targeted policies may become increasingly important for balancing supply while minimizing inconvenience to consumers.

Saudi Arabia $3 Billion Deposit Pakistan: Major Support for External Financing
Pakistan

Saudi Arabia $3 Billion Deposit Pakistan: Major Support for External Financing

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Saudi Arabia $3 Billion Deposit Pakistan is set to strengthen the country’s external financing position, with the Kingdom committing an additional $3 billion deposit expected to be disbursed within the coming week. This move comes at a crucial time when Pakistan is working to stabilize its foreign exchange reserves and maintain financial discipline under its ongoing economic reform program. Read More: https://theboardroompk.com/government-imposes-2-25-hour-daily-loadshedding-to-shield-consumers-from-price-surge/ Alongside the fresh inflow, the existing $5 billion Saudi deposit will also be extended for a longer term. Previously, this amount required annual rollover arrangements, but the revised terms reduce short-term repayment pressure and provide more stability to Pakistan’s financial outlook. This dual support package is being viewed as a strong signal of confidence in Pakistan’s economic management and reform direction. Saudi Arabia $3 Billion Deposit Pakistan to Strengthen Reserves The Saudi Arabia $3 Billion Deposit Pakistan initiative is expected to directly improve Pakistan’s foreign exchange reserves. The government aims to reach around $18 billion in reserves, equivalent to approximately 3.3 months of import cover, by the end of the fiscal year. Achieving this target is important to meet commitments under the International Monetary Fund program and maintain market stability. Finance officials highlighted that stronger reserves help manage currency volatility, support imports of essential goods, and enhance investor confidence. At a time when global financial conditions remain tight, bilateral support like this plays a key role in easing external financing pressures. High-Level Meetings Secure Saudi Support The agreement was finalized during high-level meetings held on the sidelines of the World Bank and IMF Spring Meetings in Washington, D.C. Pakistan’s finance leadership held detailed discussions with Saudi counterparts to finalize the additional deposit and extend the existing facility. Officials noted that discussions had also taken place earlier in Islamabad, but public confirmation was withheld until formal communication was completed. The finalized arrangement reflects continued strategic financial cooperation between Pakistan and Saudi Arabia. Saudi Arabia $3 Billion Deposit Pakistan Enhances Investor Confidence The Saudi Arabia $3 Billion Deposit Pakistan package is also expected to improve investor sentiment. The government recently repaid a $1.4 billion Eurobond, demonstrating its ability to meet external obligations on time. This repayment, combined with fresh financial support, reinforces Pakistan’s credibility in international markets. Authorities emphasized that maintaining adequate reserves and honoring debt commitments remain central to the country’s economic strategy. Stronger investor confidence can lead to improved access to global capital markets and potentially lower borrowing costs. Broader External Financing Strategy in Progress Beyond the Saudi support, Pakistan is pursuing a broader external financing strategy. This includes launching a Global Medium-Term Note program and planning an inaugural Panda Bond issuance. These initiatives aim to diversify funding sources and reduce reliance on short-term borrowing. By expanding financing channels, Pakistan seeks to build resilience against global economic shocks. Officials stressed that disciplined financial management and continued reforms remain essential to sustaining macroeconomic stability. Recognition from International Financial Institutions Pakistan’s recent economic management efforts have received appreciation from international financial institutions. Observers note improvements in fiscal discipline, structural reforms, and proactive debt management. Continued engagement with bilateral partners and multilateral lenders is expected to support long-term stability. The Saudi Arabia $3 Billion Deposit Pakistan decision is being viewed as a vote of confidence not only in Pakistan’s financial reforms but also in its broader economic direction. This support arrives at a critical time when the country is aiming to stabilize its economy and maintain growth momentum. Outlook: Stability and Reform Remain Key With the additional deposit, extended facility, and ongoing reforms, Pakistan is working toward strengthening macroeconomic stability. Authorities reaffirmed their commitment to meeting external obligations, maintaining adequate reserves, and continuing structural reforms. The Saudi Arabia $3 Billion Deposit Pakistan development is likely to play a crucial role in stabilizing financial markets and supporting economic recovery. As Pakistan advances its financing strategy, continued international cooperation will remain vital for sustainable growth.

TikTok Removes 22.99 Million Violative Videos in Pakistan in Just Three Months to Ramps Up Content Moderation
Pakistan

TikTok Removes 22.99 Million Violative Videos in Pakistan in Just Three Months to Ramps Up Content Moderation

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Karachi: TikTok has released its Q4 2025 Community Guidelines Enforcement Report, showcasing its ongoing commitment to creating a safe digital space for its users. The report, which covers data from October to December 2025, details the proactive steps TikTok has taken to identify and remove content that violates its Community Guidelines, ensuring a positive experience for its global community. Read More: https://theboardroompk.com/government-imposes-2-25-hour-daily-loadshedding-to-shield-consumers-from-price-surge/ In Q4 2025, TikTok removed a total of 22,990,460 videos in Pakistan for Community Guidelines violations. TikTok proactively removed 99.9% of the videos, with 98.4% of these videos removed within 24 hours. Globally, TikTok removed a total of 175 million (175,302,085) videos worldwide in this quarter, which represents about 0.5% of all content uploaded to the platform. Of the removed videos, 152,580,933 videos were detected and taken down using automated detection technologies, while 8,360,780 videos were reinstated after further review. The proactive removal rate stood at 99.1%, with 93.4% of the flagged content removed within 24 hours of posting. To uphold TikTok’s integrity, in this quarter, the platform has removed 143,834,113 fake accounts, along with an additional 23,875,879 accounts that were suspected to be under the age of 13. The report also indicates that a significant portion of total removed videos—21.2%—contained sensitive or mature themes that did not align with TikTok’s content policies. An additional 9.1% of videos breached the platform’s safety and civility standards, while 1.2% violated privacy and security guidelines. Additionally, 1.6% of the removed videos were flagged as misinformation, and 1.8% of the videos removed were flagged as edited media and AI-generated content. The periodic publication of the Community Guidelines Enforcement Report offers insights into the scale and nature of content and account actions, underscoring TikTok’s commitment to full transparency. For detailed insights into the Q4 2025 report and to learn more about TikTok’s content guidelines, tools, and policies, visit TikTok’s Transparency Centre, available in English and Urdu.

Government Imposes 2.25-Hour Daily Loadshedding to Shield Consumers from Price Surge
Pakistan

Government Imposes 2.25-Hour Daily Loadshedding to Shield Consumers from Price Surge

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The federal government has rolled out a new power management plan across Pakistan. It introduces 2.25 hours of daily electricity suspension during peak evening and night hours. Officials call it a “peak relief strategy” rather than traditional loadshedding. Read More: https://theboardroompk.com/dollars-seven-day-losing-streak-deepens-amid-iran-tensions-and-diplomatic-hopes/ Why This Measure Was Taken Rising global fuel prices have put pressure on electricity generation costs. Seasonal drop in hydroelectric output has added to the challenge. Peak demand surges sharply between 5:00 pm and 1:00 am, forcing reliance on expensive imported fuels if supply continues uninterrupted.The Power Division says this targeted suspension will prevent a potential tariff increase of Rs3 to Rs6 per unit. Without it, consumers would face a sharp hike in bills. Relief Already Delivered The government claims it has already provided Rs46 billion in relief to electricity users.Between July and February, average tariff came down by 71 paisas per unit. This was achieved through strict merit order, priority to low-cost sources, and reduced transmission losses. Prime Minister Shehbaz Sharif is personally monitoring the situation. Local gas supplies are being diverted to power plants.This step has already protected 80 percent of consumers from price increases. Implementation Details Power distribution companies (DISCOs) must share exact feeder-wise schedules with the public. The move aims to bring transparency and reduce inconvenience. Authorities are also coordinating with provinces for timely closure of commercial markets to further cut demand. Public Reaction and Challenges Many households and small businesses may feel the pinch during evening hours. However, officials insist the alternative—a steep price hike—would hurt more in the long run. Citizens are advised to plan their routines accordingly and use energy efficiently. This strategy highlights the ongoing struggle to balance supply, demand, and affordability in Pakistan’s power sector.

Power loadshedding in Pakistan rises amid hydropower drop and fuel cost surge
Editor pick, Pakistan

Power loadshedding in Pakistan rises amid hydropower drop and fuel cost surge

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Power loadshedding in Pakistan has increased as the government moves to manage electricity shortfalls without placing additional financial pressure on consumers. Officials confirmed that outages of up to three hours are being implemented, mainly during nighttime peak demand. Read More: https://theboardroompk.com/dollars-seven-day-losing-streak-deepens-amid-iran-tensions-and-diplomatic-hopes/ Authorities say the decision reflects a generation gap of around 2,000 to 2,500 megawatts. This shortfall has emerged due to reduced hydropower output and limited generation from RLNG-based power plants. The situation highlights the ongoing challenges within Pakistan’s energy sector as supply struggles to meet demand. Government opts for controlled outages Officials stated that there is no shortage in installed generation capacity. However, the issue lies in fuel availability and cost management. Therefore, the government has opted for controlled power loadshedding in Pakistan to balance supply and demand. A high-level committee led by Muhammad Aurangzeb is closely monitoring the situation. The committee has reviewed the energy outlook and endorsed limited load management to prevent further financial strain. Sources within the committee revealed that average outages currently stand at around 2.25 hours. These outages mainly occur at night. The strategy aims to reduce reliance on expensive furnace oil and control the Fuel Charges Adjustment (FCA) passed on to consumers. Decline in hydropower generation intensifies crisis Hydropower generation has dropped significantly due to reduced water releases from reservoirs. This decline has become a key factor behind power loadshedding in Pakistan. Data from Water and Power Development Authority shows that water inflows remain lower than expected. At Tarbela Dam, inflows stood at 20,200 cusecs, while outflows were recorded at 8,000 cusecs. Similarly, Mangla Dam reported inflows of 29,100 cusecs and outflows of 8,000 cusecs. Water levels remain above minimum operating thresholds. However, provinces have not submitted sufficient water demands, also known as indents. This situation has restricted water releases for power generation. Experts say ongoing rains and the harvesting season have influenced water usage decisions. Farmers have prioritized crop protection, which has indirectly reduced water availability for hydropower. Reservoir levels remain stable but underutilised At Tarbela, the current water level stands at 1,465.62 feet. This is above the minimum operating level of 1,402 feet but below the maximum conservation level of 1,550 feet. Live storage is recorded at 1.526 million acre-feet. Mangla Dam shows a similar trend. Its water level stands at 1,156.90 feet, above the minimum level of 1,050 feet. However, it remains below the maximum capacity of 1,242 feet. Live storage at Mangla is currently 1.989 million acre-feet. Despite adequate storage, limited water releases have constrained hydropower generation. This imbalance has contributed directly to power loadshedding in Pakistan. RLNG shortage worsens power generation gap The shortage of RLNG supply has further deepened the crisis. RLNG-based power plants play a crucial role in meeting demand, especially during peak hours. However, limited gas availability has reduced their output. Officials revealed that the power sector requires around 300 to 350 MMCFD of RLNG. However, supply from Sui Northern Gas Pipelines Limited remains significantly lower. On March 14, allocation stood at about 130 MMCFD. This supply was limited to just one power plant. Later in March, gas availability dropped further to around 85 MMCFD. Currently, it hovers near 80 MMCFD, far below demand. This gap has forced authorities to rely on alternative fuels. However, these alternatives come at a much higher cost. Furnace oil prices surge sharply The cost of furnace oil has doubled in recent months. Prices have surged from around Rs200,000 per ton in February 2026 to nearly Rs400,000 per ton. This sharp increase has made power generation significantly more expensive. Officials aim to avoid excessive use of furnace oil. Therefore, controlled outages have become a preferred option. This approach helps limit the financial impact on consumers while maintaining system stability. However, analysts warn that prolonged reliance on load management could affect economic activity. Businesses and households already face challenges due to inconsistent power supply. Impact on consumers and fuel charges Consumers are expected to face higher electricity costs in the coming months. Sources indicate a positive Fuel Charges Adjustment of more than Rs2 per unit for March 2026. This increase reflects higher generation costs due to expensive fuel and reduced hydropower output. As a result, power loadshedding in Pakistan not only affects supply but also adds financial pressure on consumers. Experts believe that managing both supply and cost will remain a delicate balance for policymakers. Any further disruption in fuel supply or water availability could worsen the situation. Key power plants affected by RLNG shortage Pakistan relies on several major RLNG-based power plants to bridge electricity demand. These plants were established between 2015 and 2018 to address chronic shortages. The Bhikki Power Plant has a capacity of 1,180 megawatts. The Haveli Bahadur Shah Power Plant produces 1,230 megawatts. Meanwhile, the Balloki Power Plant contributes 1,223 megawatts. Currently, these plants are operating below capacity due to limited gas supply. This underutilisation has significantly contributed to the overall generation shortfall. Outlook for the energy sector The current situation highlights structural challenges in Pakistan’s energy sector. While installed capacity remains sufficient, fuel constraints and resource management issues continue to disrupt supply. Officials hope that improved water inflows and better gas allocation will ease the crisis in the coming weeks. However, uncertainties remain, particularly regarding fuel prices and seasonal demand fluctuations. In the meantime, controlled power loadshedding in Pakistan is likely to continue as a short-term solution. Policymakers must balance affordability, reliability, and sustainability to stabilize the system. Conclusion Power loadshedding in Pakistan reflects deeper issues within the energy supply chain. Reduced hydropower generation, limited RLNG availability, and rising fuel costs have combined to create a challenging situation. While the government aims to protect consumers from excessive costs, the strategy comes with trade-offs. As the country navigates these challenges, long-term reforms in energy planning and resource management will be essential.

Bank of Punjab CEO Extension: Zafar Masud Gets One-Year Contract Renewal
Pakistan

Bank of Punjab CEO Extension: Zafar Masud Gets One-Year Contract Renewal

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The Bank of Punjab CEO Extension has been officially approved, bringing continuity to the leadership of one of Pakistan’s prominent public sector banks. The Board of Directors of The Bank of Punjab has granted a one-year extension in the employment contract of President and Chief Executive Officer Zafar Masud. The extension will take effect from April 16, 2026, on the existing terms and conditions. This decision was taken during the bank’s 330th Emergency Board meeting held on April 13, 2026. The approval followed a notification issued by the Finance Department of the Government of Punjab on the same day. The development was later communicated to the Pakistan Stock Exchange through an official notification. Why the Bank of Punjab CEO Extension Matters The Bank of Punjab CEO Extension is being seen as a move to ensure stability in the bank’s strategic direction. Leadership continuity is particularly important for financial institutions that are undergoing digital transformation, expanding outreach, and strengthening their role in Pakistan’s economic growth. Under Zafar Masud’s leadership, The Bank of Punjab has focused on modernization, financial inclusion, and improving operational efficiency. The extension signals confidence from stakeholders in his strategic vision and performance. Zafar Masud’s Extensive Banking Experience Zafar Masud is widely recognized as a seasoned banker and entrepreneur with over 27 years of experience. His professional background spans development finance, commercial banking, and financial sector reforms. He has held senior leadership roles at multinational banks both in Pakistan and internationally. One of his notable assignments was serving as Regional Managing Director and CEO for Southern Africa at Barclays Bank plc. In this role, he oversaw operations across three countries, managed a balance sheet of approximately three billion dollars, and supervised nearly ten thousand employees. His global exposure and leadership in complex financial environments have contributed significantly to his reputation in Pakistan’s banking industry. Leadership Roles Across Major Financial Institutions Before taking charge at The Bank of Punjab, Zafar Masud served in senior roles at several renowned institutions. His career includes positions at Citibank, Dubai Islamic Bank, and American Express Bank. These experiences provided him with a broad understanding of both conventional and Islamic banking systems. He also served as Director General of National Savings at the Ministry of Finance until August 2018. During his tenure, he played a key role in digitizing the organization. Initiatives included the introduction of online banking services and ATM cards. These reforms were implemented with the support of international partners such as development agencies and global financial institutions. Focus on Financial Inclusion and Innovation At National Savings, Zafar Masud introduced initiatives aimed at expanding financial inclusion. Welfare products were extended to persons with disabilities and families of martyrs. Additionally, Overseas Pakistanis Savings Certificates were launched to encourage diaspora investment in Pakistan. These initiatives reflected his commitment to inclusive finance and modernization of public sector financial institutions. His experience in implementing reforms is considered valuable for strengthening The Bank of Punjab’s long-term growth strategy. Board-Level Experience in Public and Private Sector Zafar Masud has also served on the boards of several major public and private sector organizations. His governance experience includes roles connected to financial regulation, energy, infrastructure, and industry. He was a member of the Independent Monetary Policy Committee of the State Bank of Pakistan. He has also served on the boards of key national institutions, including companies in the energy and infrastructure sectors. This wide-ranging experience has enhanced his understanding of Pakistan’s economic landscape. Outlook After the Bank of Punjab CEO Extension The Bank of Punjab CEO Extension is expected to provide continuity in leadership as the bank continues its growth trajectory. The move may also help maintain investor confidence and support ongoing strategic initiatives, including digital transformation and expansion in key sectors. With his extensive experience, reform-oriented approach, and focus on financial inclusion, Zafar Masud’s continued leadership is likely to play a crucial role in shaping The Bank of Punjab’s future direction and strengthening its position within Pakistan’s competitive banking sector.

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