SSGC swings to Rs. 8.29 billion profit in FY24, up 1,092% YoY
Gas utility rebounds from last year's loss, stock price rises by over 7%, auditor flags doubtful receivables as key risk
Karachi residents to get PKR 3.64/unit relief in May bills
NEPRA notifies relief of PKR 3.64 per unit for K-E consumers under February 2025 FCA
Mari Energies announces gas discovery at Soho-1 Well in Sindh
Company reports a significant gas discovery at Soho-1 well in the Sujawal Block, with gas flowing at impressive rates.
CPPA-G projects reduction in power purchase price by Rs 0.30 to Rs 2.25 per unit for FY 2025-26
Price reduction forecast based on varying scenarios of demand, fuel prices, and exchange rates
Punjab clears pilot program for 1,100 e-taxis
Solar-powered charging stations to be set up for 1,100 e-taxis
Govt plans nationwide switch to energy-efficient DC fans
Initiative aims to save 5,000 MW of electricity annually
Govt proposes reconstitution of LNG import committee after seven years of stalled consensus
Petroleum Division seeks to revive efforts to address LNG import issues and resolve Sindh's concerns
OPEC+ poised to approve another oil output hike for June amid weak price environment
Supply increases come as Saudi Arabia signals unwillingness to extend deeper cuts; Brent falls to $61.29 per barrel
Nepra transfers transmission licence from NTDC to new Independent System and Market Operator
Move represents a pivotal step towards establishing a competitive private power market in the country
NEPRA defers final decision on FCA and quarterly adjustment relief
Quarterly and monthly relief proposals under review amid summer price hike warnings
Power sector circular debt rises to Rs2.396 trillion
Overall circular debt down by Rs398 billion from last year
Fuel prices to remain stable for next fortnight, minor adjustments expected
Government holds back minor price changes as global oil prices remain under pressure
World Bank likely to extend CASA-1000 deadline to 2028: report
Project delays in Afghanistan prompt Pakistan to seek 3-year extension
Power sector subsidy in FY2025-26 to rely on available fiscal space: Finance MinistryÂ
Finance Ministry insists on utilizing allocated funds for power sector liquidity needs, urges verification of subsidy claims before further releases
Power Division tasked with completing privatisation of three DISCOs by Q2 of FY2025-26
Standing Committee on Privatisation sets deadline for Power Division to finalise terms for privatization of Hesco, Pesco, and Fesco by September or October 2025; privatisation process to begin by end of May