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Pakistan’s power tariff changes must not hurt middle and lower-income families: says IMF – SUCH TV

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Pakistan’s power tariff changes must not hurt middle and lower-income families: says IMF – SUCH TV



The International Monetary Fund is discussing proposed electricity tariff revisions with Pakistan authorities, the fund said in a statement to Reuters on Saturday, adding that the burden of the revisions should not fall on middle‑ or lower‑income households.

“The ongoing discussions with the authorities will assess whether the proposed tariff revisions are consistent with these commitments and evaluate their potential impact on macroeconomic stability, including inflation,” it said in its statement.

The federal government announced a proposed tariff overhaul that analysts said would lift inflation while easing pressure on industry, as it seeks to meet conditions under its $7 billion Extended Fund Facility (EFF) ahead of another review of the programme.

The EFF is a longer‑term IMF loan programme designed to help countries address deep‑seated economic weaknesses and medium‑term balance‑of‑payments problems.

Electricity carries significant weight in the consumer price index, making tariff adjustments highly sensitive at a time when inflation, though sharply lower than its near-40% peak in 2023, remains a key political and economic pressure point.

The power sector has long been weighed down by circular debt — a chain of unpaid bills and subsidies that accumulates across generation companies, distributors, and the government — prompting repeated tariff increases under IMF-backed reforms since 2023.

The accumulation of power sector circular debt has been contained within programme targets, supported by improved performance on recoveries and loss prevention, the Fund added.

Hard on households, helpful to industries

The plan, ending a system where businesses subsidised household energy bills, could trigger a 1.1 percentage point jump in inflation over 12 months, analysts at Optimus Capital Management said.

Analysts say the plan, which only needs formal approval to come into effect, will cause industrial prices to fall between 13% and 15% and remove 102 billion ($365 million) rupees in subsidies.

That means middle-class households will have to pay roughly 50% more for power, the analysts estimated.

Inflation backdrop

The country endured one of Asia’s highest inflation spikes in 2023, nearing 40%, driven by a weakening rupee, rising fuel costs and price hikes linked to IMF-backed reforms.

Although inflation has since slowed to 5.8%, analysts warn the changes to power prices could add inflationary pressure.

The power ministry and the IMF did not respond to a request for comment.

Ahtasam Ahmad, Energy Finance Program Lead at consultancy Renewables First, said that because purchasing power for the average household had significantly declined, the change “adds to the compounding effect of inflation which we have experienced post-2022.”

The pricing overhaul underscores tensions within Pakistan’s IMF programme, which has mandated steep utility price hikes since 2023 to support struggling state power firms.

Industrial groups say high prices erode export competitiveness in textiles and manufacturing.

Consumers using between 100 and 300 units of power monthly – representing a majority of paying residential users – will face rate increases of up to 76% due to new fixed charges under the pricing overhaul, according to Arzachel, a Karachi-based energy consultancy.

The lowest-income households using 1-100 units monthly will see fixed charges jump to Rs400 from zero, the National Electric Power Regulatory Authority (NEPRA) said on Monday.

Solar pricing in question

The regulator has also cut the rate paid to rooftop solar users exporting power to the grid, replacing a system that previously valued supplied and purchased electricity equally.

A record surge in solar installations has cut emissions and lowered bills for some households, but squeezed revenues at debt-laden utilities as demand for grid power declines.

Prime Minister Shehbaz Sharif on Wednesday ordered a review of NEPRA’s solar changes, directing officials to prevent a transfer of costs from 466,000 solar users to 37.6 million grid consumers.

“Excessively high fixed charges risk driving consumers toward full grid defection, undermining long-term system stability,” Arzachel said in a note on Tuesday.



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Video: How ICE Is Pushing Tech Companies to Identify Protesters

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Video: How ICE Is Pushing Tech Companies to Identify Protesters


new video loaded: How ICE Is Pushing Tech Companies to Identify Protesters

The DHS is flooding social media companies with administrative subpoenas to identify accounts that are protesting ICE. Social media companies have pushed back but are largely complying. Our tech reporter, Sheera Frenkel, explains.

By Sheera Frenkel, Christina Thornell, Valentina Caval, Thomas Vollkommer, Jon Hazell and June Kim

February 14, 2026



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52 reforms in 52 weeks: Ashwini Vaishnaw outlines massive railway overhaul for 2026

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52 reforms in 52 weeks: Ashwini Vaishnaw outlines massive railway overhaul for 2026


Indian Railways has reached a global milestone in freight operations, securing its position as a premier international logistics hub. Union Minister for Railways, Ashwini Vaishnaw, announced today that the national carrier has achieved an unprecedented scale in its logistics division. Highlighting this achievement, the Minister stated, “Indian Railways has become the second-largest cargo carrier in the world.”

Building on this momentum, the Ministry has prepared a rigorous roadmap for the upcoming year aimed at systemic transformation. The government plans to roll out a series of weekly initiatives to modernise every facet of rail travel and transport. Vaishnaw explained the structured timeline, saying, “For 2026, Railways has resolved to implement 52 reforms in 52 weeks.”

The initial phase of this plan will prioritise the passenger experience, with a focus on improving the quality of onboard facilities. The Minister identified the primary starting point for this year-long agenda, noting, “The first reform is better onboard services in Railways.”

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In addition to passenger amenities, the government is placing strong emphasis on the “Gati Shakti” initiative to streamline the nationwide movement of goods. This strategic focus is designed to strengthen the country’s supply chain. Vaishnaw confirmed the freight sector’s priority, adding, “The second concerns ‘Gati Shakti Cargo.’”

A cornerstone of the 2026 agenda is a comprehensive overhaul of sanitation and hygiene standards. The Ministry has developed a new blueprint to ensure that the rail network’s cleanliness meets global benchmarks. Detailing the specifics of the first major initiative, the Minister remarked, “Reform number one for 2026 will ensure proper end-to-end cleaning of the Railways… The concept of a clean rail station has been established.”

This cleanliness drive is not a short-term measure but a multi-year commitment to cover the entire Indian Railways fleet. The implementation will be phased to ensure thoroughness and consistency. Vaishnaw clarified the timeline, stating, “Over three years, this reform will be implemented across all trains.”

To ensure the success of these reforms, the Ministry is introducing a robust accountability framework. These measures will include performance-based contracts and the integration of modern digital tools to monitor progress in real time. Emphasising the shift towards professional and technology-driven management, the Minister concluded, “There will be clearly defined service-level agreements… There will be extensive use of technology.”



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BrewDog owners say craft beer company could be sold off

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BrewDog owners say craft beer company could be sold off



Craft beer brand BrewDog could be sold off after the company started the process to find new investors.

The Scottish beer brand recently announced plans to close all of its distilling brands, meaning it would no longer produce any of its spirits, including Duo Rum, Abstrakt Vodka, and Lonewolf Gin, at its distillery in Ellon, Aberdeenshire.

The company, which was founded in 2007, said it made the decision to focus on its beer brands, including the highly-popular Punk IPA, Elvis Juice, and Hazy Jane.

Now, in a statement, a spokesperson for BrewDog said the company had appointed Alix Partners to “support a structured and competitive process to evaluate the next phase of investment for the business.”

The statement said: “As with many businesses operating in a challenging economic climate and facing sustained macro headwinds, we regularly review our options with a focus on the long-term strength and sustainability of the company.

“Following a year of decisive action in 2025, which saw a focus on costs and operating efficiencies, we have appointed AlixPartners to support a structured and competitive process to evaluate the next phase of investment for the business. This is a deliberate and disciplined step with a focus on strengthening the long-term future of the BrewDog brand and its operations.”

Although no decisions have been made, a sale is under consideration.

In a statment BrewDog added: “BrewDog remains a global pioneer in craft beer: a world-class consumer brand, the No.1 independent brewer in the UK, and with a highly engaged global community. We believe that this combination will attract substantial interest, though no final decisions have been made.”

According to reports by Sky News, AlixPartners had begun sounding out prospective buyers in the last few days.

The company, which has 72 bars worldwide and four breweries in Scotland, the US, Australia, and Germany, said its breweries, bars, and venues will continue to operate as normal. It employs 1400 people across the organisation.

BrewDog’s founders James Watt and Martin Dickie are the company’s major shareholders alongside private equity company TSG, which invested £213 million in 2017, making it a 21 per cent shareholder.

In 2024, the beer brand grossed £357 million in sales, and it is a major independent brewer with 4 per cent market share in the UK grocery market.



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