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Punjab Unveils Massive Industrial Growth Strategy Under PIVOT 2026–29

Punjab Chief Minister Maryam Nawaz Sharif has launched the Rs1.995 trillion PIVOT Economic Transformation Plan 2026–29, aimed at turning Punjab into an export-led industrial hub. The three-year strategy targets $6.8 billion in additional exports, 162,000 direct jobs, and improved livelihoods for over one million people. The initiative focuses on industrial expansion, investment facilitation, infrastructure development, skills training, and regulatory reforms. Prominent business leaders, including Mian Mansha, Arif Habib, Fawad Mukhtar, Ziad Bashir, and Osman Khalid Waheed, attended the launch alongside policymakers, diplomats, and international development partners. The PIVOT programme also includes concessional financing to strengthen industrial competitiveness and accelerate Pakistan’s economic growth.

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Local Affairs

KATI Flags Possible Extra Costs for Industry

The Korangi Association of Trade and Industry has urged Federal Minister for Energy Sardar Awais Ahmad Khan Leghari to order an independent audit of the Power Planning and Monitoring Company and the Independent System and Market Operator. KATI alleges that shortcomings in data, modelling and analysis behind the Incremental Consumption Package (TRF-100) may have led industrial consumers to pay billions of rupees in additional electricity costs. The association has asked the minister to appoint a Big Four accounting firm, supported by power-sector modelling specialists, to review the package’s actual marginal cost, PLEXOS inputs and related processes. It also wants the audit to determine how much was recovered from consumers through the Fuel Cost Adjustment.

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SNGPL Profit Before Tax Jumps 42%

Sui Northern Gas Pipelines Limited has approved its annual financial statements for the year ended June 30, 2026, and recommended a final cash dividend of Rs. 3 per share, subject to shareholder approval. The company reported a record profit before levy and income tax of Rs. 34.656 billion in FY2025–26, up approximately 42% from Rs. 24.446 billion the previous year. Profit after tax reached Rs. 14.809 billion, with earnings per share of Rs. 23.35, compared with Rs. 14.592 billion and EPS of Rs. 23.01 in FY2024–25.

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Power Bills to Include September Fuel Adjustment

NEPRA has approved a positive fuel charges adjustment of Rs2.3673 per unit for September 2026 electricity consumption. The adjustment will appear in November bills for consumers of ex-WAPDA distribution companies and K-Electric. It is lower than the Rs2.5624 per unit claimed by the Central Power Purchasing Agency-Guaranteed after regulatory adjustments to fuel costs, transmission losses and other components. The charge applies under Pakistan’s uniform tariff policy, including consumption under the Incremental Consumption Package. Lifeline consumers, EV charging stations and prepaid consumers who opted for prepaid tariffs are excluded.

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