Pakistan’s local oil reserves rise 23% to 238 million barrels in 2024, gas reserves stable

New discoveries and increased production drive growth in oil reserves, while gas reserves show limited change

Pakistan’s mystery billionaire

“He’s the Howard Hughes of Pakistan. Nobody ever sees him. You’re the first ones (among journalists) who are going to witness him...

Govt limits net metering contract to five years, revises buyback rate: report

Nepra to revise buyback rate periodically, new net metering consumers to follow updated inverter standards
Attock refinery

Attock refinery signs agreement with Italian firm STP for $600 million upgradation project

Cost of the upgradation project estimated up to US$ 600 million

At PSO, circular debt stops growing

Consumer spending recovery helps stabilize company; better policy results in at least a stemming of the bleeding; and electric charging stations help prepare for the end of the age of oil

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

A 5% rise in petrol consumption indicates stability in consumer spending

The rise in diesel consumption may indicate an increase in commercial transportation and agricultural production

Power Division denies reports of ban on second electricity meter installation

Power Division clarifies that second meters can still be installed under existing laws, urges public to disregard false reports

Govt moves to lift nationwide moratorium on new gas connections, says petroleum minister  

Ali Pervaiz Malik outlines plans to restore gas supply and improve energy sector stability ahead of budget

Federal cabinet approves Rs1.275 trillion bank loan to cut power sector circular debt

Markup for the loan set at 0.9percent below KIBOR

Pakistan’s power sector struggles with low capacity utilisation despite reforms: report

Report highlights inefficiencies, rising costs, and shift towards renewable energy

Govt increases gas price for fertiliser industry. But are some players more equal than others?

The recent change in gas prices has been welcomed by the fertiliser industry with one caveat

Pakistan’s circular debt strategy unfolds through unprecedented banking alliance

Government's new plan is built on the foundation of compliance from commercial banks

Power sector circular debt rises to Rs2.396 trillion

Overall circular debt down by Rs398 billion from last year

Rs104 billion proposed for Power Division, Rs 719 million for petroleum division in PSDP 2025-26

Transmission upgrades, Jamshoro plant, and satellite-based exploration dominate energy allocations