The Shehbaz Sharif government in Pakistan has approved the termination of contracts with five private Independent Power Producers (IPPs) to address rising energy costs and financial burdens. This decision, saving 411 billion Pakistani rupees annually, follows negotiations with HUBCO, Lalpir, Saba Power, Rousch Power, and Atlas Power, highlighting the government’s commitment to energy sector reforms and public relief amidst economic challenges. Concerns remain about negotiation tactics, particularly with Chinese investors, as Pakistan navigates renegotiating deals to reshape its energy policy for greater affordability and sustainability.
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Israel optimistic on Gaza ceasefire, while Hamas says deal is possible
Israeli officials believe a ceasefire in Gaza is now more likely than in the past year, with a possible deal to free hostages and provide aid to the territory nearing. A working group from Israel is in Doha to engage with mediators, showing optimism for progress in negotiations with Hamas. Prime Minister Netanyahu's cabinet members have expressed confidence in reaching a truce, while Hamas has indicated willingness if Israel refrains from imposing new conditions. Full...
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