ISLAMABAD: Pakistan is observing Palestine Solidarity Day today, Monday, to mark one year of relentless Israeli strikes on Gaza that have killed more than 41,800 Palestinians, Pakistani state media reported.
Prime Minister Shehbaz Sharif took the decision to observe the day during a meeting with Pakistan Peoples Party Chairman Bilawal Bhutto Zardari and the Jamaat-e-Islami chief Naeem-ur-Rehman in Islamabad.
The war in Gaza broke out after Hamas militants attacked Israel on October 7, which resulted in the deaths nearly 1,200 people, according to official Israeli figures. Israel launched a blistering military campaign in Gaza that has since killed 41,825 people, the Palestinian health ministry says.
The nationwide day of solidarity is being observed to express solidarity with the innocent Palestinians facing the worst Israeli brutalities, the state-run Radio Pakistan broadcaster reported.
“Prime Minister Shehbaz Sharif will also host an All Parties Conference to raise a voice against the ongoing oppression of unarmed Palestinians in Gaza and to support the Palestinian brothers and sisters,” the report read.
Pakistan has condemned Israel’s war on Gaza on various international forums, calling for an immediate ceasefire and accountability for Israel’s “war crimes.”
On Sunday, thousands rallied on Sunday in the country’s commercial capital of Karachi to protest the ongoing “genocide” of the Palestinians in Gaza, ahead of the anniversary of one year of Israeli invasion of the Palestinian territory.
Pakistan does not recognize nor have diplomatic relations with Israel and calls for an independent Palestinian state based on “internationally agreed parameters” and the pre-1967 borders with Al-Quds Al-Sharif as its capital.
Since the beginning of Israel’s war on Gaza, Pakistan has repeatedly raised the issue at the United Nations, the Organization of Islamic Cooperation (OIC) and other multilateral platforms and demanded international powers and bodies stop Israeli military actions in Gaza.
The South Asian country has also dispatched several aid consignments for the Palestinians.
Pakistan observes Palestine Solidarity Day today to mark one year of Israeli invasion of Gaza
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Pakistan observes Palestine Solidarity Day today to mark one year of Israeli invasion of Gaza
- Pakistan does not recognize nor have diplomatic relations with Israel and calls for an independent Palestinian state based on pre-1967 borders
- PM Shehbaz Sharif will also host an All Parties Conference to raise a voice against the ongoing oppression of unarmed Palestinians in Gaza
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.
