Ministry of Water Resources once again addresses crisis caused by Neelum-Jhelum project

Decides to negotiate with hydel, gas-based IPPs to save costs for consumers

Proposal for easy instalments draws concerns over import bill, commercial directives

Govt fails to finalise mechanism for delivery of urea as dealers fleece growers

Ministerial group cites challenges, risks in circular debt-plagued power sect

Report highlights that decline in recovery of bills has exacerbated crisis

Attributed to elevated reference fuel cost, reduced hydropower availability in Dec 2023

Diesel rate also goes up by Rs2.75 for Feb 1-5 fortnight

DISCOs seek to recover staggering Rs81.5b via quarterly adjustments for second quarter FY2023-24

Considering raising petrol prices by Rs8-11 per litre, effective from Feb 1