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Reforms in the power sector are under progress as a number of IPP contracts expire.

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In order to lower electricity costs and improve availability for consumers, the federal government has started a number of extensive reforms in the power industry under the direction of the National Task Force.

The task team is carrying out important actions for the public’s benefit, including examining and ending out-of-date contracts with specific Independent Power Producers (IPPs), Power Minister Owais Leghari stressed.

Leghari emphasized that these changes are intended to reduce government expenditures as well as electricity costs.

The government is also working to improve the energy infrastructure and has started the process of privatizing distribution firms. With the introduction of a new power market structure, consumers will have more options when it comes to buying electricity.

Revolving debt in the power sector has increased to $9.5 billion, highlighting how urgent these measures are. The average man will eventually gain from the reforms, according to economic experts, as they would lower electricity prices and significantly boost the economy.

Federal Minister for Energy Owais Leghari is the chair of the task force for structural reforms in the power sector, which Prime Minister Shahbaz Sharif established.

NEPRA, CPPA, PPIB, SECP, army officials, and representatives from other sectors make up the task team. Within a month, it must present recommendations to the prime minister that prioritize cutting capacity payments to IPPs and resolving other crucial concerns to guarantee the power industry’s financial viability.

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Iranian President Offers Condolences for Kurram Terrorist Attack

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Masoud Pezeshkian, the president of Iran, has expressed his sorrow for the recent terrorist assault in Pakistan that claimed dozens of lives and denounced the crime.

The Iranian president said that all types of terrorism must be denounced in a statement. In addition to the relatives of the attack victims, he sent his sympathies to the people and government of Pakistan.

“I will stand by its friendly and brotherly country, Pakistan, and will seriously pursue the fight against terrorism to enhance security and stability in the region,” he added.

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It’s unfortunate that political points were scored. Claims Against Saudi Arabia Show a Desperate Attitude: Dar

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According to Senator Mohammad Ishaq Dar, the deputy prime minister and foreign minister, accusing Saudi Arabia of gaining political points is a sign of a desperate attitude.

In response to the PTI founder’s spouse’s remarks on Saudi Arabia, the Deputy Prime Minister stated, “Pakistan and Saudi Arabia are close friends and brothers.”

According to Dar, Saudi Arabia’s path of growth and prosperity is something they greatly admire. The nation of Pakistan takes pride in its strong ties with Saudi Arabia, which has supported it no matter what.

He said it is unfortunate and shows a desperate attitude to “implice Saudi Arabia for petty political point scoring.”

In order to prevent any political forces from jeopardizing Pakistan’s foreign policy, the deputy prime minister of their political objectives.”

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Examining Drug Mafia: Balochistani Smuggling Operation Started

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Two drug dealers were detained and an international narcotics deal was thwarted in Balochistan by government institutions.

A significant amount of crystal ice was taken from the individuals who were arrested.

The 70 kg of illegal goods that were found are valued about $1 million on the global market.

The arrested person’s cell phone also yielded contact information for the international drug gangs from Afghanistan and Britain.

The Pakistan Security Forces are dedicated to making the nation drug-free.

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