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Electricity transmission restored across country: Power Division

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  • An accidental fault had triggered an almost day-long power outage in the Southern parts of Pakistan.
  • The fault could not be fixed despite passing of more than 24 hours since it was detected.  
  • Power Division says only routine power load-shedding is being carried out in country.

LAHORE/ISLAMABAD: After an almost day-long outage, the Power Division on Friday said that electricity transmission and generation have been restored across the country adding that only routine power load-shedding is being carried.

“Electricity transmission and generation have been restored across Pakistan including restoration of full supply from national grid to Karachi,” the division said in a statement.

Power outage yet to be controlled

Earlier today, sources within the National Transmission and Despatch Company (NTDC) had said that the countrywide power crisis, caused due to an “accidental fault” in the national grid, had not been controlled yet. 

Sources in the NTDC said that it was a major breakdown and could not be controlled even after 24 hours as the authorities have yet to identify the fault.  

The sources added that cities have been facing four hours of loadshedding while rural areas are suffering from a 12-hour-long power outage.

Meanwhile, power plants have not been fully energised and the country still faces a 4,500MW power shortfall while the frequency fluctuation is making things more complex.

The electricity is being restored from the power plants slowly to the system, said the sources. They added that this is the 16th breakdown in the last 10 years. 

Large parts of the country were in dark for more than 12 hours on Thursday after a fault was detected in the national grid’s southern transmission system.

Energy Minister Khurram Dastagir said that an “accidental fault” triggered the breakdown and announced the establishment of a committee to probe the matter and submit a report within four days.

‘Power supply will improve’

Meanwhile, the Islamabad Electric Supply Company (IESCO) spokesperson said that the electricity demand in the region is 1,280MW while the national grid is supplying 1,080MW.

Once the electricity supply is back to normal, the situation will improve, said the spokesperson. 

‘Power supply stabilised in Karachi’

In a statement, K-Electric said that the supply of electricity in Karachi was restored in a phase-wise manner. 

KE began phase-wise restoration efforts with first priority on strategic installations such as KWSB pumping stations, airports, and hospitals, said the power utility. 

Later, the supply was diverted to residential areas including but not limited to PECHS, Orangi, Lyari, Ibrahim Hyderi, Nazimabad, and Defence Housing Authority.

The technical constraints at the national grid may persist over the next 48 hours and to manage the constraints, KE may temporarily curtail power supply to industrial zones during nighttime hours to facilitate residential areas.

The power supply company said it may also have to conduct loadshedding.

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SIFC Promotes International Honey Trade: Malaysia Becomes an Export Destination for KP 60,000 Honey Farms

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The successful arrival of Khyber Pakhtunkhwa’s first batch of SIDR honey in Malaysia is a major turning point for Pakistan’s honey sector.

The special investment facilitation council is helping to raise the profile of Pakistan’s agricultural exports internationally.

The Ministry of Commerce is dedicated to increasing Pakistan’s honey exports internationally, and the Pakistani high commission in Kuala Lumpur has been instrumental in fostering collaborations between Malaysian and Pakistani companies.

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The KSE-100 is getting closer to the 100,000 level thanks to bullish momentum.

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At 98,164.24 points, the benchmark KSE-100 Index is just 1,800 points away from the much-anticipated 100,000 level and is approaching a historic milestone.

Favorable macroeconomic indicators and high investor confidence have propelled the index’s bullish momentum as of 9:47 a.m. today.

The KSE-100 had a significant increase of 469.84 points, or 0.48%, on Friday, closing at 97,798.23 points. Market optimism was indicated by the index’s quick spike to an intraday high of 99,623.03 points.

Analysts have increased their estimates, predicting that by the end of 2025, the KSE-100 might rise to 120,000. Continued improvements in macroeconomic conditions, such as declining bond yields, are anticipated to be the main drivers of this spike since they are bringing more liquidity to the equities market.

Following the drop in bond yields, mutual funds have made about $132 million in investments in Pakistani stocks since January 2024. This influx of funds is considered a favorable indicator of investor sentiment.

The market has also risen as a result of the State Bank of Pakistan’s decision to reduce interest rates by a total of 700 basis points, from 22% in May 2024 to 15% now.

The All-Share Index, which measures the overall market, also showed robust gains. With a net increase of 280.51 points, or 0.44%, it was at 62,376.87 points. Expectations of additional growth in the equity market are being bolstered by this encouraging trend.

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Irfan Siddiqui meets with the PM and informs him about the Senate performance of the parliamentary party.

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The head of the Senate’s Foreign Affairs Standing Committee and the PML-N’s parliamentary leader paid Prime Minister Muhammad Shehbaz Sharif a visit in Islamabad.

Senator Irfan Siddiqui gave the Prime Minister an update on the Parliamentary Party’s Senate performance.

Additionally, Senator Irfan Siddiqui gave the Prime Minister an update on the Senate Standing Committee on Foreign Affairs’ performance.

He complimented the Prime Minister on his outstanding efforts to bring Pakistan’s economy back on track and meet its economic objectives.

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