Pakistan Moves to Renegotiate Power Contracts Amid Rising Electricity Tariffs
Pakistan is renegotiating its contracts with independent power producers (IPPs) to address soaring electricity tariffs that have become unsustainable for consumers, according to Energy Minister Awais Ahmad Leghari. The steep power costs have sparked social unrest and forced industries to close in Pakistan’s struggling $350 billion economy, which has faced multiple contractions in recent years, […]