KARACHI: The historic press club building in Pakistan’s seaside megacity of Karachi was formally handed over to its governing body on Monday.
The transfer of the ownership of the building, which went through five years of restoration and preservation work, took place in a ceremony which was attended by the Chairman of the Endowment Fund Trust (EFT), Jehangir Siddiqui, managing trustee Hameed Haroon, senior members of the journalist fraternity, members of the civil society, and other officials of the trust.
“The entire building was almost in ruins and required preservation work. So, the press club reached out to the EFT for the restoration of this British-era building,” Aamir Latif, the club’s former secretary, told Arab News.
Mohanlal S. Ochani, EFT’s supervising engineer who has helped with the restoration work of more than a 100 other historical buildings — including Karachi’s Mohatta Palace — said that more than Rs10 million were spent for the process which took five years to complete.
“When we started working, the dampness of the stones was decaying the building. The rotten stones were replaced with stones of the same size and shape, which were brought from Jung Shahi (a town in Sindh’s Thatta District),” Ochani told Arab News, adding that the second important restoration element was of the woodwork for which Burma Teak and Mahogany Philippines, which have a shelflife of hundreds of years, were used.
The building has a conference hall, dining facilities, two small rooms, front and rear verandas on the ground floor, committee rooms, a library, and offices on the first floor, he added. It also has 37 doors and more than 50 window fanlights.
“The EFT also restored a large mural painted by a famous Indian painter, M.F. Hussain, which is on the wall of Ibrahim Jalees Hall. Other images restored by the EFT include portraits of Habib Jalib and Faiz Ahmed Faiz, a mural and Ya Rab Calligraphy by Shakil Ismail,” Ochani said.
Karachi Press Club Secretary, Maqsood Yousuf said that the facility had a rich history and had been a hub of various freedom-of-press movements in Pakistan. “Not only is the building remarkable but the history of the club, which began its activities here in 1958, is also a matter of pride for the journalist community,” Yousuf told Arab News.
Once the residence of Pakistan’s former president, Iskandar Mirza, it was this historic building where the movement for the restoration of democracy and political alliance was formed during General Zia-ul-Haq’s military rule, he said, adding: “The restored heritage building and the proud legacy of our predecessors will go on for centuries.”
Karachi Press Club handed over to journalists after restoration
Karachi Press Club handed over to journalists after restoration
- Colonial-era building was witness to plenty of political upheavals in the country’s history
- The place had become a hub of various freedom movements in Pakistan
Pakistan drops 8,000 MW power procurement, claims $17 billion savings amid IMF-driven reforms
- Government says decision taken “on merit” as it seeks to cut losses, circular debt, ease consumer pressure
- Power minister says losses fell from $2.1 billion to $1.4 billion, circular debt dropped by $2.8 billion
ISLAMABAD: Pakistan has abandoned plans to procure around 8,000 megawatts of expensive electricity, the power minister said on Sunday, adding that the decision was taken “purely on merit” and would save about $17 billion.
The power sector has long been a major source of Pakistan’s fiscal stress, driven by surplus generation capacity, costly contracts and mounting circular debt. Reforming electricity pricing, reducing losses and limiting new liabilities are central conditions under an ongoing $7 billion IMF program approved in 2024.
Pakistan has historically contracted more power generation than it consumes, forcing the government to make large capacity payments even for unused electricity. These obligations have contributed to rising tariffs, budgetary pressure and repeated IMF bailouts over the past two decades.
“The government has abandoned the procurement of around 8000 megawatts of expensive electricity purely on merit, which will likely to save 17 billion dollars,” Power Minister Sardar Awais Ahmed Khan Leghari said while addressing a news conference in Islamabad, according to state broadcaster Radio Pakistan.
He said the federal government was also absorbing losses incurred by power distribution companies rather than passing them on to consumers.
The minister said the government’s reform drive was already showing results, with losses reduced from Rs586 billion ($2.1 billion) to Rs393 billion ($1.4 billion), while circular debt declined by Rs780 billion ($2.8 billion) last year. Recoveries, he added, had improved by Rs183 billion ($660 million).
Leghari said electricity tariffs had been reduced by 20 percent at the national level over the past two years and expressed confidence that prices would be aligned with international levels within the next 18 months.
Power sector reform has been one of the most politically sensitive elements of Pakistan’s IMF-backed adjustment program, with higher tariffs and tighter enforcement weighing on households and industry. The government says cutting losses, improving recoveries and avoiding costly new capacity are essential to stabilizing public finances and restoring investor confidence.
