Pakistan probes massive power outage after nationwide blackout

A general view shows Pakistan's port city of Karachi during a power blackout early on January 10, 2021. (AFP)
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Updated 11 January 2021
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Pakistan probes massive power outage after nationwide blackout

  • A technical fault on the transmission system plunged much of the country into darkness on Saturday night 
  • Pakistan has a rickety power generation and transmission system that routinely leads to surprise grid failures

ISLAMABAD: The Pakistani government on Sunday said it is launching an investigation into a major power breakdown that on late Saturday plunged much of the country into darkness.

The blackout was reported a little before midnight by people on social media across the country, including the capital Islamabad, economic hub Karachi and the second-largest city Lahore.

Power was gradually being restored to major cities in the early hours of Sunday.

“We will have an independent inquiry to find out the cause behind this major power breakdown,” Energy Minister Omar Ayub Khan told reporters.

The electricity distribution system in the nation of around 220 million people is a complex and delicate web, and a problem in one section of the grid can lead to cascading breakdowns countrywide.

“A technical fault tripped the transmission system of the whole country … our teams are deployed in the field to locate it,” the minister said. “We will have to physically check each electricity pylon and transmission system, therefore it may take some time.”

Pakistan has a rickety power generation and transmission system that routinely leads to surprise grid failures. Experts cite poor governance and little investment to overhaul the system. The country’s power generation capacity currently stands at around 36,000 megawatts, but it can transfer only around 24,000 megawatts across the country due to poor transmission lines.

This was Pakistan's second major power breakdown in less than three years. In 2015, an apparent rebel attack on a key power line plunged around 80 percent of the country into darkness. That blackout, one of the worst in Pakistan’s history, deprived of power the country's major cities and affected one of its international airports.


Pakistan regulator amends law to facilitate capital raising by listed companies

Updated 19 January 2026
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Pakistan regulator amends law to facilitate capital raising by listed companies

  • The amendments address challenges faced by listed companies when raising further capital from existing shareholders through a rights issue
  • Previously, listed companies were prohibited from announcing a rights issue if the company, officials or shareholders had any overdue amounts

KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has notified amendments to the Companies (Further Issue of Shares) Regulations 2020 to facilitate capital raising by listed companies while maintaining adequate disclosure requirements for investors, it announced on Monday,

The amendments address challenges faced by listed companies when raising further capital from existing shareholders through a rights issue. Previously, listed companies were prohibited from announcing a rights issue if the company, its sponsors, promoters, substantial shareholders, or directors had any overdue amounts or defaults appearing in their Credit Information Bureau (CIB) report.

This restriction constrained financially stressed yet viable companies from raising capital, even in circumstances where existing shareholders were willing to support revival, restructuring, or continuation of operations, according to the SECP.

“Under the amended framework, the requirement for a clean CIB report will not apply if the relevant persons provide a No Objection Certificate (NOC) regarding the proposed rights issue from the concerned financial institution(s),” the regulator said.

The notification of the amendments follows a consultative process in which the SECP sought feedback from market stakeholders, including listed companies, issue consultants, professional bodies, industry associations, law firms, and capital market institutions.

The amendments are expected to enhance market confidence, improve access to capital for listed companies, and strengthen transparency within the rights issue framework, according to the SECP.

“To ensure transparency and protect investors’ interests, companies in such cases must make comprehensive disclosures in the rights offer document,” the regulator said.

“These disclosures must include details of any defaults or overdue amounts, ongoing recovery proceedings, and the status of any debt restructuring.”

The revised regulations strike an “appropriate balance” between facilitating corporate rehabilitation and enabling investors to make informed investment decisions, the SECP added.