
Pakistan's power sector indigenization need of the hour: Awais Leghari
He added that power sector reforms are going on, while independent system and market operator has been fully functional and Energy Infrastructure Development and Management Company will also be made functional soon.
He was addressing through a video link the national consultative workshop on 'Power Sector Indigenization Road Map' jointly hosted by National Grid Company (NGC), formerly NTDC, and LUMS (Lahore University of Management Sciences) Energy Institute here at the LUMS campus.
The event brought together senior leadership from the power sector, manufacturing industry, regulatory bodies, policymakers and academia to chart a cohesive national strategy for accelerating the localization of Pakistan's electrical power equipment manufacturing ecosystem.
The Federali Minister commended the joint initiative, stating, 'NGC is the first national entity to implement an approved Indigenization Policy, and its strategic procurement model is already delivering tangible results'.
He urged WAPDA, DISCOs (Distribution Companies), KE (Karachi Electric), and state-owned and private power generation plants to adopt indigenization as a strategic imperative—not as CSR, but as a core procurement principle aligned with the National Electricity Plan 2023–2027.
A key milestone of the workshop was the launch of Pakistan's first Power Equipment Manufacturing Dashboard, developed by the LUMS Energy Institute with input from power sector stakeholders. This real-time digital tool will monitor localization progress, assess vendor capacity, and identify strategic investment opportunities under the Power Sector Indigenization Plan (PSIP). The dashboard was jointly inaugurated by Dr. Fiaz Ahmad Chaudhry, Chairman NGC Board of Directors, and Senior Advisor at the LUMS Energy Institute, Pakistan Engineering Council Chairman Engineer Waseem Nazir, Managing Director NGC Engineer Muhammad Waseem Younas, CEO K-Electric Syed Monis Abdullah Alvi and others.
About the Dashboard, Federal Minister said that the launch of this dashboard is a welcome step and it will help in power sector indigenization.
Dr Fiaz Chaudhry stated, 'NGC's indigenization strategy—anchored in policy reform and targeted educational orders—has already saved over USD 10 million in foreign exchange through import substitution.'
He reaffirmed that LUMS will continue supporting policy design, digital innovation, and institutional transformation in the energy sector. Pakistan's market for static transmission and substations is currently valued at around USD 8 million. This figure, however, does not reflect the true scale of our potential. 'We must work to expand this market at least threefolds through strategic development, innovation, and local industrial growth.
At the same time, we should set a clear target of achieving no less than USD 16 million in exports from this sector. That is the level of ambition we must embrace to position ourselves competitively on the global stage,' he maintained.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Recorder
21 hours ago
- Business Recorder
Dollar holds gains ahead of inflation data; Aussie awaits RBA
TOKYO: The US dollar held steady on Tuesday, with markets braced for a key consumer inflation report later in the day that could shape expectations for Federal Reserve interest rate cuts. The Australian dollar was steady hours before a policy decision by the Reserve Bank of Australia. The US dollar index - which measures the currency against six counterparts, including the euro and yen - was steady at 98.497 as of 0046 GMT, after advancing 0.5% over the past two sessions. Prior to that, the dollar had retreated as U.S. President Donald Trump's dovish-leaning pick to replace a Fed governor, and similarly inclined potential candidates for chairman, led traders to increase easing bets. In addition, Fed officials have sounded increasingly uneasy about the labour market, signalling their as soon as September. Cooling inflation could cement bets for a reduction next month, but if signs emerge that Trump's tariffs are fuelling price pressures, that might keep the central bank on hold for now. Traders currently put the odds of a quarter-point cut on September 17 at about 89%. 'Risk-reward heading into U.S. CPI this week is for a modest USD bounce as any upside surprise will challenge market pricing of almost a full cut by September,' TD Securities strategists wrote in a research note. 'A downside surprise, on the other hand, is unlikely to move Fed pricing and the USD as much,' they said. 'The reasoning is that for the Fed to consider an outsized cut of 50 basis points, the catalyst will be further deterioration in the labour market and not a downside CPI miss.' Economists polled by Reuters expect core CPI to have risen 0.3% in July, pushing the annual rate higher to 3%. The greenback rose 0.1% to 148.28 yen on Tuesday. The euro was flat at $1.1615. The dollar on Monday largely ignored Trump's signing an in sharply higher tariffs on Chinese imports for another 90 days, a move that some market participants said was expected. With the United States and China seeking to close a deal averting triple-digit import tariffs, a U.S. official told Reuters that chip makers Nvidia and AMD had agreed to allocate 15% of China sales revenues to the U.S. government, aiming to secure for semiconductors. The yuan was flat at 7.1935 per dollar in offshore trading . The Aussie fetched $0.6518, little changed from Monday with economists and investors widely expecting a quarter-point rate reduction from the RBA, after second-quarter came in weaker than expected and the jobless rate hit a 3-1/2-year high. However, the risk of a surprise has been amplified by a change in decision-making at the central bank, and many traders were caught out when the policy board refrained from lowering rates last month. Cryptocurrency bitcoin was unchanged at around $118,845, after it climbed as high as $122,308.25 on Monday that took it close to the all-time peak of $123,153.22 from mid-July.


Business Recorder
a day ago
- Business Recorder
Industrial, agricultural consumers: Govt working on ‘surplus power package' proposal: minister
ISLAMABAD: Federal Minister for Energy (Power Division) Sardar Awais Ahmad Khan Leghari said the government is working on a proposal for a 'Surplus Power Package' for industrial and agricultural consumers, in line with the 'Bijli Sahulat Package' for the next three years. Speaking during the question hour in the National Assembly on Monday, the minister said the proposed package would be available to all industries, including the export sector, based on incremental power consumption. He said the Energy Ministry is developing a plan to offer discounted electricity rates on additional usage. Greenfield industries—such as data centers and crypto-mining operations—may receive these discounted rates on their entire consumption, subject to certain conditions. Responding to a supplementary question, Leghari said the government is also working on a direct subsidy scheme to end cross-subsidies, which place a burden on domestic consumers. In a written reply, the minister informed the house that as of May 2025, the circular debt in the power sector stood at Rs2.47 trillion. He said the main causes of debt accumulation were inefficiencies in distribution companies (DISCOs), high technical losses, and revenue recovery shortfalls compared to targets set by National Electric Power Regulatory Authority (NEPRA). He said that other sources of debt increase include unbudgeted subsidies and financial cost (delayed payment charges) of payables to the power producers. He said that in order to reduce debt stock, an amount of Rs1.275 trillion is being arranged to finance/refinance the current stock of circular debt. He said that the loan will have a six-year tenure at an interest rate of 3-month KIBOR minus 0.9 per cent and will be repaid through the Debt Service Surcharge already collected from electricity consumers in their monthly bills as the Financial Cost Surcharge (FCS). To prevent fresh accumulation of debt, the minister said multiple measures are underway, including tariff renegotiations with independent power producers (IPPs), privatization of four DISCOs, reducing technical losses through efficiency improvements, market liberalisation, and ensuring future capacity additions are made on a least-cost basis. Responding to a calling-attention notice, Minister for Parliamentary Affairs Dr. Tariq Fazal Chaudhry said the National Disaster Management Authority, in coordination with provincial authorities, regularly runs public awareness campaigns and issues timely updates, forecasts, and precautionary measures on weather conditions, rainfall, floods, and other natural disasters. Later, the National Assembly unanimously passed a resolution urging the federal and provincial governments to take necessary steps to celebrate the 1,500th Eid Milad-un-Nabi (SAW) in a befitting manner. The resolution, moved by Pir Syed Fazal Ali Shah Jillani, called for organising Milad programmes at the highest level and illuminating both government and private buildings. It emphasised the importance of promoting the teachings of the holy Prophet Hazrat Muhammad Sallallaho Alaihe WaAlayhee Wassallam, Khatim-un-Nabiyeen. In connection with National Minorities Day, the House also passed another resolution moved by Naveed Aamir Jeeva. The resolution is calling for the inclusion of Quaid-e-Azam Muhammad Ali Jinnah's historic address, delivered on 11 August 1947 to the first Constituent Assembly of Pakistan, into the national curriculum. In that address, the founder of Pakistan declared that 'you are free to go to your temples, mosques, or any other places of worship in this country. You may belong to any religion, caste, or creed that has nothing to do with the business of the State.' Copyright Business Recorder, 2025


Business Recorder
a day ago
- Business Recorder
Allied Bank partners with CeDAR, LUMS
LAHORE: Allied Bank, one of Pakistan's leading commercial banks, has signed a Memorandum of Understanding (MoU) at Lahore University of Management Sciences (LUMS) with the Center for Digital Asset Research (CeDAR). This strategic partnership aims to drive innovation in blockchain technologies, explore digital asset use cases, and foster talent development in Pakistan. The MoU was formalized in the presence of senior leadership from both institutions. Representing Allied Bank were Mr. Mujahid Ali – Chief Technology & Digital Transformation, Mohsin Mithani – Chief Digital Officer, and Muhammad Zaman – Group Head, Digital Transformation & Innovation. From LUMS, attendees included Dr. Tariq Jadoon – Provost, Dr. Zartash Afzal Uzmi – Principal Investigator, Dr. Basit Shafia – Co-Principal Investigator, and Mr. Ali Khawaja – Director. Through this collaboration, Allied Bank and CeDAR will jointly pursue cutting-edge research, launch blockchain-based pilot initiatives, and co-develop tailored training programs to equip the next generation with expertise in emerging technologies. This initiative aims to bridge the gap between academia and industry, accelerating Pakistan's digital transformation in the financial sector. Copyright Business Recorder, 2025