Punjab clears pilot program for 1,100 e-taxis
Solar-powered charging stations to be set up for 1,100 e-taxis
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...
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
Attock refinery signs agreement with Italian firm STP for $600 million upgradation project
Cost of the upgradation project estimated up to US$ 600 million
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
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
Govt moves to lift nationwide moratorium on new gas connections, says petroleum minister Â
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
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
Power sector circular debt rises to Rs2.396 trillion
Overall circular debt down by Rs398 billion from last year
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
Delay in property transfer may jeopardize DISCOs’ privatization process
Delay in property title transfers for IESCO, FESCO, and GEPCO raises concerns as Energy Ministry urges provinces to act swiftly ahead of DISCOs' privatization drive
Pakistan’s circular debt strategy unfolds through unprecedented banking alliance
Government's new plan is built on the foundation of compliance from commercial banks