ISLAMABAD: The Cabinet Committee on Energy on Wednesday approved the formation of an independent entity to reform Pakistan’s energy market by enabling consumers to purchase power from multiple suppliers, moving away from the current government-controlled system, where it is the sole buyer of electricity.
Pakistan’s energy sector has long struggled with financial strain due to circular debt, power theft and transmission losses, which have led to blackouts and high electricity costs.
The development of the independent market is viewed as a critical step toward addressing these issues by fostering competition, improving transparency and attracting foreign investment, ultimately easing the financial burden on the government and consumers alike.
The committee gave principal approval for the creation of the Independent System and Market Operator (ISMO) during a meeting chaired by Prime Minister Shehbaz Sharif, though the decision still requires endorsement by the federal cabinet for implementation.
“ISMO will gradually replace the government as the sole buyer of electricity and transition the energy market into a multi-player independent market,” the PM Office said in a statement issued after the meeting. “Consumers will be able to purchase electricity from suppliers other than just distribution companies under this system.”
“This initiative will help establish an efficient, transparent and competitive electricity market in Pakistan,” it added.
The creation of ISMO is also expected to reduce circular debt and stabilize electricity prices.
“The ISMO board will include experts from the energy sector to ensure smooth operations,” the statement informed.
Addressing the meeting, the prime minister emphasized the need to expedite efforts to reduce theft and losses in the electricity sector.
“We are taking priority-based measures to reform Pakistan’s energy sector,” Sharif added.
Pakistan approves new energy market system allowing consumers to choose electricity suppliers
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Pakistan approves new energy market system allowing consumers to choose electricity suppliers
- Cabinet Committee on Energy has approved an independent entity to transition to multi-player electricity market
- The initiative is expected to help address issues like circular debt, power theft and transmission losses in Pakistan
Pakistan warns of heavy rain, snowfall and landslide risks in northern districts from today
- Khyber Pakhtunkhwa says snowfall can make roads slippery in tourist resorts like Naran, Kaghan and Kalam
- Provincial authorities warn tourists and travelers to avoid unnecessary movement during the weather spell
PESHAWAR: The Provincial Disaster Management Authority (PDMA) of Pakistan’s Khyber Pakhtunkhwa warned Friday heavy rains and snowfall expected from today through Dec. 15 could trigger landslides, road closures and hazardous travel conditions across the northern districts.
The alert follows forecasts of widespread precipitation in the province’s mountainous regions, where steep slopes and winter road conditions routinely heighten the risk of disruption.
Dense fog is also expected in the plains, including Peshawar, Mardan, Nowshera and Swabi, potentially affecting visibility and slowing motorway traffic.
“The Provincial Disaster Management Authority has issued alerts to all relevant departments to take advance precautionary measures,” the agency said.
It warned that snowfall could make roads slippery in areas such as Naran, Kaghan, Kalam and Jabba, while heavy rain and snow “may increase the risk of landsliding.”
Residents living close to rivers, streams and seasonal water channels were advised to remain vigilant.
Rain and snowfall are also forecast in Chitral, Dir, Swat, Shangla, Kohistan, Mansehra, Abbottabad, Galyat, Haripur, Buner, Mohmand, Khyber, Orakzai, Kurram and North and South Waziristan.
Tourists and travelers were urged to avoid unnecessary movement during the weather spell. Daytime temperatures are expected to fall sharply as the cold system intensifies.
Local administrations have also been instructed to keep drainage systems active ahead of the expected rainfall.
Pakistan has faced a series of extreme-weather emergencies in recent years — from devastating floods in 2022 to recurring droughts and record heatwaves — despite contributing less than one percent to global carbon emissions.
Officials say climate volatility has made mountainous regions more prone to landslides and flash floods, highlighting the importance of early warnings and local preparedness.
