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Electricity crisis: Musadik Malik pledges to beat continued load-shedding by July 15

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  • Musadik Malik says he will request finance minister to release funds for K-Electric.
  • Says one of the major reasons behind electricity load-shedding is water shortage in dams.
  • Sharjeel Memon says KE is only making money out of Karachi instead of investing on its system.

Minister of the State for Petroleum Musadik Malik has pledged to overcome power load-shedding by the mid of July, as the country goes through the misery of not having power supply for tens of hours in sweltering hot weather.

The electricity shortfall in Pakistan has exceeded 6,000 megawatts, causing 12 to 14 hours of power outages in Karachi and other major cities of the country.

Speaking on Geo News programme Aaj Shahzeb Khanzada Kay Sath, Malik said he will request Finance Minister Miftah Ismail to release funds for K-Electric.

He said that one of the major reasons behind electricity load-shedding is the water shortage in dams, while the other reasons include coal price hike and LNG shortage in the international market.

“Only 5,000 megawatts of electricity is being generated instead of 9,500 MW,” he said.

KE only making money from the city: Sharjeel Memon

Sindh Minister for Information Sharjeel Inam Memon has said that K-Electric is only making money out of Karachi instead of investing on the system.

The remark came as a criticism of the power supply company for the mega city as Karachi suffers extended power cuts.

Speaking to Geo News, Memon said that he has been vocal about investments KE can make on the system.

“KE is a profitable company that makes money from the city but the issues it faces are not new. It [KE] should invest on its system but it doesn’t and is up to making money only,” he said.

He went on to say that KE is not making efforts for improvement of its system, while the company has also cut down its manpower.

Moving on to other distribution companies (discos) in Sindh, Memon said that the situation of Hyderabad Electric Supply Company (HESCO) and other companies is far worse than KE.

“People of rural Sindh are undergoing mental torture due to having 18 hours of load-shedding,” Memon said.

He said that the institutions are obliged to resolve their issues on their own and ensure power supply.

KE statement

KE said in a statement that during the last 24 hours, the average power supply to Karachi has been 2,700 MW, including an average of 1,000 MW received from the national grid.

“Due to the rise in temperature, the power demand has also surged, because of which the power shortfall, which used to be 250 to 300 MW on an average, has risen to an average of 400 to 500 MW,” the statement read.

“Furthermore, because of the shortage of fuel for power generation and a steep rise in its prices on a global scale, power production is also adversely affected.

“Moreover, due to some payable issues, the utility is confronting challenges in the procurement of fuel. Currently, KE is using all available resources for power generation, and is constantly in touch with the relevant stakeholders for the availability of fuel in the required quantity.”

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Maintaining Fertiliser Price Stability: The Need for a Continuous Gas Supply to the Fertiliser Sector

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To guarantee fertiliser price stability, a cabinet committee meeting was presided over by Senator Muhammad Ishaq Dar, the deputy prime minister.

Senior government officials, including Industries Minister Rana Tanveer Hussain, attended the meeting.

The attendees received an update on the government’s, gas suppliers’, and fertiliser industry’s conversations. Additionally, the gas supply for the fertiliser sector was evaluated and determined to be adequate.

Throughout the Rabi cropping season, the Deputy Prime Minister ordered the fertiliser industry to maintain a continuous gas supply in order to guarantee steady production and stock levels.

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Fifth Straight Cut: PM Applauds SBP’s Policy Rate Reduction

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Prime Minister Muhammad Shehbaz Sharif has praised the State Bank of Pakistan’s decision to lower its policy rate by an additional 2 percent, stating that the bank’s current 13 percent rate is encouraging for the nation’s economy.

He expressed optimism in a statement that the policy rate cut would encourage investment and further boost investor confidence in the country’s economy.

The prime minister said that decreasing the inflation rate also lowered the policy rate and that future inflation rate reductions will be even more pronounced.

Additionally, he expressed gratitude to the Federal Finance Minister and other officials for their work in this area.

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GHQ Attack Case: Prosecution Seeks Bail Cancellation of CM KP & Other Accused, Indicts 9 More

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25 defendants, including PTI officials, have non-bailable arrest warrants issued by the Anti Terrorism Court of Rawalpindi for their failure to show up for court proceedings related to the GHQ attack case.

Judge Amjad Ali Shah added nine more suspects to the GHQ attack indictment list during today’s ATC Court sessions, bringing the total to 98.

Among the 61 defendants who appeared in court were Shah Mehmud Qureshi and the founder of the PTI.

Among those charged are Khadim Hussain Khokhar, Mehr Mohammad Javed, Chaudhary Asif, Zakir Ullah, Azeem Ullah, Shireen Mazatri, Major Retired Tahir Sadiq, and former MPA Rashid Hafeez.

A plea to cancel the bail of 23 suspects, including Chief Minister Khyber Pakhtunkhwa, has also been filed by the prosecution side.

In the GHQ attack, there were 119 accused in total.

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