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Explanation: The increase in inflation in the United States would cause electricity costs in Pakistan to rise.

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Electricity contracts between Independent Power Plants (IPPs) and the federal government not only involve capacity costs, but also have a significant impact on the economy and the financial well-being of the population. These contracts are closely linked to the inflation rate and the value of the US dollar.

Startling disclosures have emerged regarding the exorbitant electricity tariffs in Pakistan. The Council of Economic and Energy Journalists Sage, representing the institute, provided a briefing to leading journalists in Karachi.

According to the information provided, the electricity rate component in Pakistan experienced a 253 percent increase from 2019 to 2024 as a result of inflation in America.

The data presented in the briefing indicates that the capacity charges in Pakistan were Rs3.26 per unit in 2019 and climbed to Rs10.34 per unit in 2024.

The capacity charges imposed on the public incorporate the effects of both US inflation and domestic inflation.

Due to the rise in the country’s interest rate, the interest payment for energy has climbed by 343% during a span of four years. Over the course of four years, the working capital of IPPs caused a 716 percent increase in the cost of power per unit.

The electricity rate has increased by 12 to 20 percent, with 70 percent of the charges being capacity charges.

SDPI experts recommended the government to adopt a centralised tariff policy rather than a universal electricity tariff strategy.

The power generation capacity amounts to 23,000 megawatts.

As a result of the increase in solar power generation in the country, the capacity charges will have an additional adverse impact on the residents.

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Crackdown on Smuggling: More than 13,000 Metric Tonnes of Fertilisers Found

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Economic growth is at risk due to smuggling. There is a continual crackdown to maintain public safety and a stable economy.

Between October 20 and 28, 131,000 litres of Iranian oil, 71 metric tonnes of grain, 293 pieces of cloth, and 1,105 cartons of cigarettes were confiscated by the authorities.

Since September 1, 2023, a total of 17.548 million litres of Iranian oil, 13,088.75 metric tonnes of fertilisers, 3,755.69 metric tonnes of flour, 35,129.1 metric tonnes of sugar, 4,381,102 cartonnes of cigarettes, and 155,037 pieces of fabric have been blocked.

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Mushaal Mullick Speaks at the RCC: Supports Palestinian and Kashmiri Rights

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At a meeting held today at the Rawalpindi Chamber of Commerce, Mushaal Hussein Mullick, the chairperson of the Peace and Culture Organisation and the widow of detained Kashmiri leader Mohammad Yasin Malik, was the chief guest. With a renowned delegation that included Dr. Owais Malik, Prof. Zafar Sindhu, and Kashmiri businessman Ishtiaq Bhatt, Mullick spoke about urgent issues pertaining to Indian crimes in Jammu and Kashmir and showed support for the Palestinian people.

The event ended with a protest walk with senior business leaders, civil society members, and the head of the Rawalpindi Chamber of Commerce. In light of current conflicts, participants came together to express their concerns about human rights breaches and to stress the significance of worldwide awareness and action.

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12th IDEAS 2024 Edition. CM Sindh’s event to strengthen strategic ties with international partners

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IDEAS 2024 will improve commercial exchanges between delegates, trade visitors, defence officials, and OEMs from all across Pakistan and the world, according to Sindh Chief Minister Syed Murad Ali Shah. It will also increase Pakistan’s strategic ties with its international allies.

Speaking during the 12th Edition of Ideas 2024’s 3rd steering committee meeting in Karachi, Murad Ali Shah stated that since the event’s founding in 2000, ideas have emerged as a defining characteristic of the national and international defence sector.

According to him, this twice-yearly occasion has gradually developed into a legendary assembly that promotes information sharing both inside and outside of Pakistan and displays cutting-edge technology.

The fact that IDEAS is now acknowledged globally, he continued, is evidence of the strong and advantageous ties we have with our international partners.

The Director General of Depo, Major General Asad Nawaz Khan, HI(M), led the second session, which was held to support the ongoing national-level preparations for this strategically significant event.

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