ISLAMABAD: Prime Minister Shehbaz Sharif on Friday called for shutting down inefficient and outdated power plants that produced less power with higher fuel consumption, Pakistani state media reported.
Pakistan produces expensive electricity due to a combination of factors, including outdated infrastructure and inadequate power plants, reliance on imported fossil fuels, inefficient energy mix, substantial transmission and distribution losses, and chronic issues like circular debt and regulatory inefficiencies.
Additionally, fluctuations in foreign exchange rates and complex tariff structures contribute to higher electricity prices, while underutilization of domestic resources such as hydropower and coal add to the problem. High power cost is one of the key factors that leads to inflation in the South Asian country.
On Friday, Sharif presided over a meeting in Islamabad to evaluate and discuss future plans for power generation in the country and said only low-cost power projects should be prioritized in the future, the Radio Pakistan broadcaster reported.
“The closure of such [outdated] power plants will not only save valuable foreign exchange spent on fuel imports, but also reduce the cost of electricity for consumers,” he was quoted as saying.
The prime minister called for expediting implementation of ongoing reforms and instructed officials to modernize the power transmission system as per international standards, according to the report.
In October, Sharif said his government was terminating purchase agreements with five independent power producers (IPPs) to rein in electricity tariffs as households and businesses buckled under soaring energy costs.
The need to revisit power deals was part of reforms for a critical staff-level pact in July with the International Monetary Fund (IMF) for a $7-billion bailout. The program was approved in September.
Pakistan has also begun talks to reprofile power sector debt owed to China and structural reforms, but progress has been slow. It has also promised to stop power sector subsidies.
Pakistan PM calls for shutting down outdated power plants with higher fuel consumption
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Pakistan PM calls for shutting down outdated power plants with higher fuel consumption
- Pakistan produces expensive electricity due to outdated infrastructure, reliance on imported fuel, and substantial transmission losses
- PM Shehbaz Sharif calls for expediting implementation of ongoing reforms and modernization of the country’s power transmission system
Pakistan alarmed as Russia-Ukraine conflict intensifies, calls for immediate ceasefire
- Pakistan envoy urges both sides to resolve ongoing conflict through peaceful means during Security Council briefing
- Russia last Friday fired hypersonic ballistic missile capable of carrying nuclear warhead at Ukraine, drawing criticism
ISLAMABAD: Pakistan’s UN Ambassador Iftikhar Ahmad this week expressed alarm as the Russia-Ukraine conflict intensifies, calling for an immediate ceasefire and demanding both countries resolve their issues peacefully through dialogue.
The development takes place days after Russia last week fired an intermediate-range hypersonic ballistic missile at Ukraine called Oreshnik. The move drew sharp criticism as the missile is capable of carrying nuclear and conventional warheads. Russia said it fired the Oreshnik in response to what Moscow says was an attempted Ukrainian drone attack on Dec. 29 against one of Putin’s residences in northern Russia. Ukraine denies Moscow’s claims.
February 2026 will mark four years since Russia launched its full-scale invasion of Ukraine, triggering the worst armed conflict in Europe since World War II. The war has killed hundreds of thousands of people and forced millions to flee their homes.
“We are alarmed by the recent intensification in fighting with escalation in attacks from both sides, further worsening the already dire humanitarian situation,” Ahmad said on Monday during a UN Security Council briefing on the Ukraine conflict.
“Such actions not only perpetuate the conflict, but they also undermine trust, and the ongoing efforts for peace.”
The Pakistani envoy urged both sides to abide by the principles of international law and ensure civilians and civilian infrastructure are protected during the conflict. He said Pakistan’s position on resolving the issue through dialogue has not changed.
“Now, more than ever before, the overwhelming global opinion is on the side of ending this conflict through peaceful means,” Ahmad said. “This can only be achieved through a sustained, meaningful and structured dialogue.”
US President Donald Trump has been pushing both sides to strike a deal to halt the conflict, running shuttle diplomacy between Ukraine’s Volodymyr Zelensky and Russia’s Vladimir Putin in a bid to get an agreement across the line. Plans to broker peace collapsed after an initial 28-point plan, which largely adhered to Moscow’s demands, was criticized by Kyiv and Europe.
Ahmad appreciated the US for attempting to resolve the conflict through peaceful means.
“We hope that all sides would make full use of the ongoing diplomacy, demonstrate genuine political will, and engage constructively to make meaningful strides toward a peaceful and negotiated settlement of the conflict, starting with an immediate ceasefire,” he said.
