Pakistan's government has taken the decision to generate PKR 335 billion more in revenue over the next fiscal year to finance the power sector's debt and liabilities.
The country's north suffers the worst. The area despite being water-surplus has run dry on electricity because only a fourth of the power is sourced from the hydel systems. The country's planners have placed their emphasis on the difficult-to-find and expensive fossils.
A grid failure that lead to a massive countrywide power outage in Pakistan has caused the country's textile sector a whopping financial loss of USD 70 million, ARY News reported on Tuesday.
Addressing a press conference, 24 hours after Pakistan plunged into darkness, Khan on Tuesday, however, said the "possibility of foreign intervention through the internet is low".
Pakistan Prime Minister Shehbaz Sharif has ordered an inquiry into the power outage in Pakistan that took place at around 7:34 am on Monday and left many cities including Karachi, Lahore, Quetta and Islamabad without electricity, Geo TV reported.
Pakistan's Ministry of Energy in a statement said that the frequency of the national grid went down at 7:34 am which caused a "widespread breakdown" in the power system. It further said that the restoration of grid stations has been started from Warsak.
"There are reports of multiple outages from different parts of the city. We are investigating the issue and will keep this space posted," said Imran Rana, Spokesperson, K-Electric in a Twitter post.
Amid the huge gap between the demand and supply of electricity in Pakistan and low foreign reserves, Islamabad, faced with a dire situation has advised its citizens to normalise power consumption, according to a report.
An all-round Pakistan powered by performances from opener Mohammad Rizwan and spinner Shadab Khan cruised to their first victory of the ICC T20 World Cup 2022 after defeating the Netherlands by six wickets in Perth on Sunday.
Islamabad [Pakistan], September 30 (ANI): Amid a worsening economic crisis due to floods, high inflation and depreciating currency, Pakistan on Friday urged the International Monetary Fund (IMF) to ease harsh terms which require Islamabad to increase power tariffs and fuel taxes over next si