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Language ENGLISH हिन्दी LATEST NEWS WORLD MARKETS PERSONAL FINANCE HEALTHCARE INDIA ECONOMY POLITICS TRAVEL EDUCATION & CAREERS SPORTS VIEWS AUTO ENTERTAINMENT MINIS Branded Content CEO AWARDS ACCELERATE YOUR CLOUD JOURNEY THE UNICORN MAKERS ACCELERATING TO A CONNECTED FUTURE FINANCIAL SERVICES CLOUD SYMPOSIUM CRYPTO EDUCATION NEXT EY ENTREPRENEUR OF THE YEAR SMB SAATHI MF CORNER THE MAKING WITH SHEREEN BHAN IRMA WIZARDS OF FINANCE SMART INVESTOR THE THOUGHT LEAGUE Discover CNBCTV18 ABOUT CONTACT ADVERTISE DISCLAIMER TERMS OF USE PRIVACY POLICY SHOWS ANCHORS TRENDING * #StockMarketLive * #SVB * #CongratulationsIndia * #YesBank * #OscarWinners * #H3N2 * #Paytm * #CNBCAwaaz * #Storyboard18 Watch Live TV English * Hindi Nifty SensexMCX Bajaj Auto 3752.90 (-0.68%) Bajaj Finance 5731.55 (-1.75%) Bajaj Finserv 1280.55 (-1.17%) Bharti Airtel 771.80 (0.85%) BPCL 326.20 (1.12%) * Future Female Forward * News * Featured * Market * Companies * Personal Finance * Sports * Life * Watch Now Live TV Search × search Web Image Sort by: Relevance Relevance Date 000 HoursMinutesSeconds HOME Latest News Featured LIVE TV * CNBC-TV18 * CNBC Awaaz * CNBC Bajar Market Live Minis Podcasts CNBC-TV18 SPECIALS * Young Turks * Mind Matters * Climate Clock * Marquee Nights Photos SECTIONS * Market * Global Markets * Stocks * Money * Companies * Economy * Technology * Cryptocurrency TERMS AND CONDITIONS * Disclaimer * Terms of Use * Privacy Policy homeworld NewsPakistan suffers major grid breakdown — what's causing country's worsening power crisis PAKISTAN SUFFERS MAJOR GRID BREAKDOWN — WHAT'S CAUSING COUNTRY'S WORSENING POWER CRISIS 3 Min(s) Read BY SANGAM SINGH JAN 24, 2023 6:25:53 PM IST (UPDATED) PAKISTAN HAS ENOUGH INSTALLED POWER CAPACITY TO MEET DEMAND, BUT IT LACKS THE RESOURCES TO RUN ITS OIL-AND-GAS-POWERED PLANTS THAT ARE HEAVILY IN DEBT AND CANNOT AFFORD TO INVEST IN INFRASTRUCTURE AND POWER LINES Pakistan's government said that it had finally restored its national power grid nearly 24 hours after a breakdown that triggered the worst outage in months. A large portion of Pakistan, from the capital Islamabad in the north to Karachi in the south was left without electricity after a grid failure on Monday. This was Islamic Republic's second power outage in three months. RECOMMENDED ARTICLES View All EARLY METAVERSE ADOPTERS WILL GAIN NEW CUSTOMERS, IMPROVE PROFITABILITY: WIPRO STUDY Mar 14, 2023 IST3 Min(s) Read PAKISTAN ECONOMIC CRISIS | RAMADAN RELIEF PACKAGE FOR POOR, SEEKING IMF LENIENCY AND CRIMES AT GUNPOINT Mar 14, 2023 IST5 Min(s) Read THESE ARE THE CITIES WHERE FRESHERS HAVE HIGH SCOPE IN BLUE & GREY COLLAR JOBS IN INDIA Mar 14, 2023 IST5 Min(s) Read YOU WON'T BELIEVE WHERE THE OSCAR WINNER NAATU NAATU SONG WAS FILMED Mar 14, 2023 IST2 Min(s) Read The outage hit internet and mobile phone services in the country along with several other critical services. Several companies and hospitals said they had switched to backup generators. Possible cause of Pakistan's grid failure Electricity grids fail or break down when there is a big mismatch between demand and supply. If the gap between supply and demand widens beyond a certain threshold, all generating stations are unplugged from the grid which results in a blackout. Gas-fired utilities and hydropower plants are generally the best equipped to handle sudden fluctuations as electricity output can be ramped up and down quickly. However, other power plants such as coal or nuclear operate continuously, making them unsuitable to deal with sudden fluctuations. Pakistan has enough installed power capacity to meet demand, but it lacks the resources to run its oil-and-gas-powered plants that are heavily in debt and cannot afford to invest in infrastructure and power lines. Pakistan typically meets more than a third of its annual power demand using imported natural gas. Pakistan's Energy Ministry said that the system frequency of its National Grid went down causing a "widespread breakdown" in the power system. As per him, a large voltage surge in the south of the country affected the entire network. Khurrum Dastgir, the Energy Minister, told Pakistan's Geo TV channel that due to low power demand in winter nights, some power generators were being taken off the grid. When the power generators came back onto the grid on Monday morning, there was a sudden voltage fluctuation, after which the power-generating units shut down one by one. Dastgir did not say what type of power generators were disconnected. But several analysts blame the power problems on an ageing electricity network, which like much of the national infrastructure, desperately needs an upgrade. It is not immediately clear what the exact cause of Pakistan's grid breakdown. Last year in October, Bangladesh also went through a similar crisis when the country suffered a grid failure that led to outages in nearly three-quarters of the nation for 10 hours. Also Read:Pakistan suffers major power outages in Islamabad, Lahore and Karachi after grid failure What lies ahead? A senior official told Reuters that all 1,112 grid stations were back online, adding that electricity would be fully restored across the country once power generation units were back up. Pakistan's government began restoring power to millions of people soon after the crisis hit the nation. An inquiry has been launched into the outage, which began at around 7 am local time and lasted more than 12 hours during the peak winter season. Dastgir tweeted on Monday evening that power was beginning to return in parts of the capital Islamabad and the southwest province of Baluchistan. Pakistan's economic hub Karachi is likely to see electricity restored in the next three to four hours, a spokesperson for K-Electric Ltd, the southern city's power provider said. -With inputs from Reuters Also Read:Worldview: Battered Pakistan back to the Gulf First Published: Jan 24, 2023 11:18 AM IST Continue Reading Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go! Follow us on: TAGS FeaturesPakistanpower outage commerzbank.de Commerzbank, die Bank für unternehmerisches Wealth Management.Mit 28 realisierte Yolanda Schmidtke ihre unternehmerischen Visionen. 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Perfekt für Frauen, die wichtige Momente nicht vergessen wollen.Tallsy| SponsoredSponsored Jetzt kaufen Undo Unverkaufte Ringe | Suchanzeigen Erfurt: Unverkaufte Ringe werden für fast nichts verkauftUnverkaufte Ringe | Suchanzeigen| SponsoredSponsored Undo Bubucy Jetzt 70 % Rabatt - Die besten Herrenschuhe zum Gehen und Stehen den ganzen TagBubucy| SponsoredSponsored Jetzt kaufen Undo Das Verbraucher Portal So legen tausende Deutsche 5.000 € mit ca. 6,25% p.a. gewinnbringend anDas Verbraucher Portal| SponsoredSponsored Undo * * * * * * * * * * * SHOWS View All CLOSING BELL Mar 14 INDIA BUSINESS HOUR Mar 13 MARKETS TODAY Mar 9 YOUR STOCKS Jan 30 TOP BUDGET OPINIONS * FM STRUCK THE RIGHT CHORD UNLEASHING COUNTRY'S REAL POTENTIAL Feb 03 3 Min(s) Read * BUDGET 2023: NEW INCOME TAX SLAB — A TECTONIC SHIFT INDEED IN FAVOUR OF THE MIDDLE CLASS Feb 03 4 Min(s) Read * VIEW | BUDGET 2023 ON INDIRECT TAXES — SIMPLIFIED CUSTOMS DUTY STRUCTURE TO REDUCE COMPLIANCE BURDEN Feb 03 5 Min(s) Read * BUDGET 2023: CENTRE SEEKS TO TARGET SOCIAL CONSTITUENCIES IN POLL-BOUND STATES Feb 02 5 Min(s) Read MOST READ * A TIMELINE OF 1984 BHOPAL GAS TRAGEDY CASE Mar 14 4 Min(s) Read * A LOOK AT THE CRYPTO FIRMS WITH EXPOSURE TO THE SILICON VALLEY BANK Mar 14 6 Min(s) Read * NHAI MAY DISCONTINUE FIXED TOLL AT DELHI-GURUGRAM EXPRESSWAY Mar 14 2 Min(s) Read MARKET MOVERS View All Top GainersTop Losers NiftySensex CompanyPriceChng%ChngBPCL326.20 3.60 1.12 Titan Company2,355.60 23.60 1.01 Bharti Airtel771.80 6.50 0.85 Larsen2,144.20 10.35 0.49 SBI Life Insura1,077.10 4.60 0.43 CurrencyCommodities CompanyPriceChng%ChngDollar-Rupee82.49000.36750.45Euro-Rupee88.24300.01300.01Pound-Rupee100.0060-0.1640-0.16Rupee-100 Yen0.6141-0.0023-0.37 GLOBAL INDICES View All NameValue%ChngDAXMar 1415243.931.87Hang SengMar 1419247.96-2.33Taiwan WeightedMar 1415360.42-1.30NasdaqMar 1411448.652.27 * Explained | ChatGPT: What is OpenAI’s chatbot and what is it used for?Read Explainer * Explained: The IMPT token and why traders believe it is one of the best upcoming investmentsRead Explainer * Explained: How does the switch on and off feature work in a motor insurance policyRead Explainer * Explained | ChatGPT: What is OpenAI’s chatbot and what is it used for?Read Explainer * Explained: The IMPT token and why traders believe it is one of the best upcoming investmentsRead Explainer * Explained: How does the switch on and off feature work in a motor insurance policyRead Explainer * Explained | ChatGPT: What is OpenAI’s chatbot and what is it used for?Read Explainer 123 Quiz How well do you know the WPL? 10 Questions Start Quiz Now Go Back 1. 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Check list hereCNBC reported that SVB had roughly $209 billion in total assets and $175.4 billion in total deposits as of the end of December. The FDIC said it was unclear what portion of those deposits were above the insurance limit.CNBC TV18 Group 3 Undo Oscar Award 2023 Highlights: Everything Everywhere All At Once wins Best Picture, RRR and The Elephant Whisperers create historyOscar highlights: India has a strong presence at this year's Oscars with "Naatu Naatu," the hit dance track from SS Rajamouli’s blockbuster "RRR," being the frontrunner in the Original Song category. Catch all the updates hereCNBC TV18 Group 3 Undo Oscars 2023: 'Naatu Naatu' performance receives standing ovation, Deepika introduces the actNaatu Naatu, which features in SS Rajamouli's "RRR" (Rise Roar Revolt), celebrates the inclusive spirit of dance and bonhomie and features Ram Charan and Jr NTR matching steps to its catchy rhythm.CNBC TV18 Group 3 Undo ' ' ' ' ' ' SVB collapse: Union minister Rajeev Chandrasekhar to meet Indian startups as worry mountsThe Minister of State for Skill Development and Entrepreneurship "acknowledged that SVB closure is affecting start-ups around the world". He assured that Start-Ups are a part of the new-economy.CNBC TV18 Undo commerzbank.de Commerzbank, die Bank für unternehmerisches Wealth Management.Mit 28 realisierte Yolanda Schmidtke ihre unternehmerischen Visionen. Ihre Vermögensziele realisieren wir – mit Lösungen nach Maß.commerzbank.de| SponsoredSponsored Mehr erfahren Undo Tallsy Warum sich Frauen in diesen Umarmungs-Ring verlieben.Erleben Sie die Kraft der Erinnerungen mit unserem personalisierten "Umarmungsring". Perfekt für Frauen, die wichtige Momente nicht vergessen wollen.Tallsy| SponsoredSponsored Jetzt kaufen Undo Oscars 2023: From Deepika Padukone to Salma Hayek, stars get candid on champagne colouredThe parade of Hollywood royalty on the red carpet — champagne colored at these 95th Academy Awards — is nearly as important as the show itself. Stars pose in their dazzling outfits for dozens of clattering cameras, the fashion getting its moment in the spotlight, too. It's a staged ritual, well chorCNBC TV18 Undo Former Andhra Chief Minister Kiran Kumar Reddy resigns from CongressKiran Reddy was the last chief minister of undivided Andhra Pradesh.CNBC TV18 Undo Massive fire breaks out in Mumbai's Jogeshwari furniture market | WATCHA massive fire broke out in Mumbai's Jogeshwari-Oshiwara area in a furniture godown on Monday morning. No injuries have been reported so far. The incident was reported at 11 am.CNBC TV18 Undo WTC 2023 Final: India qualify for the ICC World Test Championship Final after New Zealand beat Sri Lanka in a thriller at Hagley OvalCNBC TV18 Undo Yes Bank falls over 7% after lock-in period ends, shares released todayCNBC TV18 Undo Das Verbraucher Portal So legen tausende Deutsche 5.000 € mit ca. 6,25% p.a. gewinnbringend anDas Verbraucher Portal| SponsoredSponsored Undo commerzbank.de Wealth Management nach MaßDer erfolgreiche Unternehmer Jacob Fatih begleitet heute Gründer zum Erfolg. In Vermögensfragen begleiten wir ihn – mit Lösungen nach Maß.commerzbank.de| SponsoredSponsored Mehr erfahren Undo PM Modi shares anecdote of Australian minister's Goa linkIn a series of tweets, Modi said, "During the lunch in honour of my friend PM Anthony Albanese, the Australian Trade and Tourism Minister Don Farrell shared something interesting… he was taught by one Mrs. Ebert in Grade 1 who left a deep impact on his life and credits her for his educational groundCNBC TV18 Undo You won't believe where the Oscar winner Naatu Naatu song was filmedDid you know that Ukraine's Mariinskyi Palace is the stunning edifice that acts as the perfect backdrop for this song? Actually, the music video was shot just before Russia's invasion of Ukraine. Volodymyr Zelenskyy, the president of Ukraine, resides in the palace. In an interview, RRR director SS RCNBC TV18 Undo Would you like to receive Push Notifications? 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