Power sector

The Pakistani budget provides tax relief for high-income salaried employees earning over Rs200,000 monthly but overlooks the majority of households earning less than Rs100,000. The Benazir Income Support Programme (BISP) allocates Rs838 billion, increasing quarterly payouts to Rs18,000 for 10 million low-income families, while power sector subsidies and education/health allocations remain insufficient for broader economic needs.

The article argues that the AI race's outcome may depend on power infrastructure performance rather than generation, suggesting the power sector might be misidentifying the bottleneck. TerraFlow Energy CMO Amanda Simonian highlights this potential misalignment.

The European Union's greenhouse gas emissions increased by 1% in 2025 compared to 2024, reaching 3.34 billion tons of CO2 equivalent. While emissions have decreased by 17% since 2015, the recent rise highlights slowing progress, with calls for accelerated electrification in transport and heating sectors to reduce fossil fuel reliance.

The International Energy Agency warns that Southeast Asia's energy sector faces significant risks due to its reliance on oil and gas imports from a limited number of suppliers. The report highlights the need for the region to address vulnerabilities in its power sector.

The Pakistani government's 2026-27 budget reveals a record Rs3.684 trillion overspending, contradicting claims of fiscal discipline. Finance Minister Muhammad Aurangzeb seeks parliamentary approval for supplementary grants, with major overruns in debt servicing, power sector, defense, and health expenditures.

President Bola Tinubu stated his administration is committed to providing reliable electricity in Nigeria by addressing power sector challenges such as generation shortfalls, metering gaps, and legacy debts through reforms.

Venezuela's National Assembly initially approved a reform to open the power sector to private investment via long-term concessions, aiming to reverse two decades of blackouts. The reform ends the state-owned National Electric Corporation's (Corpoelec) monopoly but requires final approval.

Venezuela is taking steps to open its power sector to private investment. The article references infrastructure, including power lines at the Caujarito electrical substation in Maracaibo, Zulia state.

UBS predicts Chinese companies' technological strength will drive overseas expansion, particularly in power and carmaking sectors, with offshore revenue projected to reach 25% of total revenue for mainland-listed non-financial firms by 2030, a record high since 2003.