FBR Launches AI-Powered Customs Clearance System to Boost Efficiency
New RMS aims to reduce human intervention and accelerate trade operations
Mari profits rise on the back of increased production
New fields, and stable prices, have allowed the company to generate higher revenue and cash flow
Govt mulls lifting gas connection ban as LNG surplus strains supply chain
Over 3.5 million applications for new gas connections are pending with Sui companies, while LNG underutilization and the shift of industry to petroleum have also contributed to a gas surplus
World Bank reaffirms financial support for Tarbela Extension-5, calls for fund reallocation
World Bank urges WAPDA to monitor project progress and ensure timely completion of key phases by reallocation of $50 million from E&M component to civil worksÂ
Nepra approves revised uniform tariff for FY 2025-26 amid industry concerns
New tariff set at Rs 31.59/kWh, a reduction from Rs 32.73/kWh; concerns raised over impact of tariff changes on industries and continued reliance on government relief
Pakistan to launch major energy investment plan, aims for 60% renewables by 2030
At SCO forum, Leghari outlines reforms, urges regional energy cooperation and trust-driven innovation
Pakistan’s energy intensity double that of regional peers, says World Bank
Report urges industrial energy efficiency to cut costs, emissions, and improve competitiveness
National Assembly approves Rs715.45 billion funding for energy sector
Power Division gets largest chunk of Rs636.9 billion for operational costs including Rs72.1 billion for external loans, and Rs2.39 billion for development spending; Petroleum Division receives Rs2.17 billion and Geological Survey of Pakistan Rs1.15 billion
NEPRA issues show cause notice to K-Electric over prolonged, unannounced load shedding
KE accused of carrying out load shedding at feeder level, in defiance of regulatory instructions
Nepra reduces national power purchase price by 3.77% to Rs25.98 per unit for FY 2025-26
Slashed price to lower consumer tariffs, with capacity charges accounting for 63% of cost
KP loses Rs583 million per day due to electricity theft and technical inefficiencies, report reveals
PESCO report shows province lost Rs193.4 billion in 11 months, with Bannu facing the highest losses at 73.86%; Losses attributed to political interference, lack of cooperation from local authorities, and outdated infrastructure
Kohala Hydro seeks extension of Letter of Support for $2.5bn project to protect water rights under Indus Waters Treaty
Company requests LoS extension until September 30, 2027; stresses the timely development of 1,124 MW hydropower project is essential for Pakistan to protect its rights to Jhelum water
Senate panel approves new power bill surcharges to repay circular debt
Consumers to face higher electricity costs as surcharge cap lifted under IMF-aligned fiscal reforms
Attock refinery signs agreement with Italian firm STP for $600 million upgradation project
Cost of the upgradation project estimated up to US$ 600 million
Federal cabinet approves Rs1.275 trillion bank loan to cut power sector circular debt
Markup for the loan set at 0.9percent below KIBOR