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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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Gold prices in Pakistan approach an all-time high.

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Following a substantial surge the prior day, gold prices in Pakistan are ascending to unprecedented levels with an additional gain on Thursday, coinciding with a rise in global precious metal rates.

The price of 24-karat gold in the local market rose by Rs700 per tola, reaching Rs277,900, as reported by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

Likewise, the cost of 10 grams of 24-karat gold increased by Rs600, currently priced at Rs238,254.

Globally, gold prices exhibited an upward trend, increasing by $7 throughout the day. The APGJSA reports that the international gold price was $2,682 per ounce.

Notwithstanding the increase in gold prices, the silver market exhibited stability, with the price of silver maintained at Rs3,050 per tola.

In the previous month, gold prices in Pakistan reached an unprecedented high of Rs 277,000 a tola, driven by substantial gains in the worldwide market.

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A further relief shipment from Pakistan departs for Gaza and Lebanon.

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Following the Prime Minister’s directions, the National Disaster Management Authority (NDMA) persists in delivering humanitarian assistance to the war-affected populations of Gaza and Lebanon.

The second cargo of supplies was sent from Karachi to Lebanon today.

The relief package, dispatched by the NDMA in partnership with the Al-Khidmat Foundation, consists of roughly 100 tons of provisions, including pharmaceuticals, ready-to-eat meat, tents, tarpaulins, thermal bedding, winter apparel, and powdered milk.

The assistance was sent by air from Jinnah International Airport in Karachi to Beirut, Lebanon.

The farewell ceremony at Jinnah International Airport was attended by representatives from the NDMA, the Ministry of Foreign Affairs, the Al-Khidmat Foundation, and local authorities.

The delegates underscored the pressing necessity to deliver assistance to the war-affected populations of Palestine and Lebanon, in light of the continuing conflict and the requirements of the impacted communities.

They reiterated the Government’s dedication to assisting their compatriots in need and emphasized the significance of cooperation among welfare groups and the Pakistani populace in enhancing these initiatives.

This constitutes Pakistan’s twelfth aid shipment to Palestine and Lebanon. Previously, ten relief shipments were dispatched to Palestine.

The Government of Pakistan persists in dispatching relief supplies according to the need of the war-affected populations in Lebanon.

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Speech Made by Pakistan’s Prime Minister on the International Day Against Poverty

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In renewing our commitment to a world where no one is left behind and where possibilities for success are unrestricted by one’s origin or circumstances, Pakistan stands together with the global community on this International Day for the Eradication of Poverty. In addition to being morally right, ending poverty is essential to attaining sustainable development and guaranteeing everyone’s peace and prosperity.

The people have always been the center of every policy made by our government. We have significantly reduced poverty and made sure that our most vulnerable residents are taken care of thanks to our social safety net programs. We think that providing long-term routes to economic empowerment is equally as important as providing instant relief when it comes to assisting people in escaping poverty. Our focused initiatives seek to equip communities—women and children in particular—with the means to create better futures for themselves.

The Pakistani government is steadfast in its commitment to improving the affordability of living for its citizens despite the obstacles we face on a global scale, such as inflation and economic instability. Our policies are designed to build long-term economic resilience, from meeting housing needs to guaranteeing food security. With the help of programs like the PM Youth Business, Agriculture Loans, Digi-Skills, which offers free IT training, and the Pakistan Education Endowment Fund, millions of families are receiving financial support and technological help that is changing their lives.

Eradicating poverty is also a top priority for Pakistan, which is still fully committed to reaching the 17 Sustainable Development Goals (SDGs). With a focus on inclusive growth, education, healthcare, and environmental sustainability, we will keep working together with our international partners to achieve these goals. The advancements made in empowering women and guaranteeing that their contributions are essential to the country’s social and economic fabric are another reason for pride.

On this day, I would want to express my sincere gratitude to everyone who is devotedly striving to end poverty, both in Pakistan and globally. We can create a future where everyone, regardless of circumstances, has the chance to flourish and succeed by uniting with a shared purpose and unwavering determination.

I speak on behalf of the Government of Pakistan to reiterate our steadfast commitment to this cause and to extend an invitation to all facets of society to work with us to create a world that is more wealthy, just, and inclusive.

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