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The task team is carrying out important actions for the public’s benefit, including examining and ending out-of-date contracts with specific Independent Power Producers (IPPs), Power Minister Owais Leghari stressed.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