Kuwait Foreign Petroleum Exploration Company to participate in Pakistan’s offshore bidding round
Minister for Petroleum Ali Pervaiz Malik meets Kufpec’s Ali Taha Al-Temimi to discuss collaboration and offshore bidding participation
Pakistan diverts fifth LNG cargo to international market amidst domestic energy concerns
PLL redirected four LNG cargoes scheduled for February to May 2025 under a long-term agreement with ENI
CPPA-G receives Rs 148.75 billion from SBP for Tariff Differential Subsidies
Fund disbursement to cover tariff differential subsidies for FY 2024-25, including payments to government and private power plants
CPPA-G, state-run power firms seek tariff cuts for government-owned plants
NEPRA to hold public hearing on April 24 on tariff cut petitions
Pesco launches crackdown on govt, semi-govt depts in KP to recover Rs2.8bn in overdue payments
Campaign aims to address mounting backlog of unpaid bills that has put significant strain on the company’s financial resources
Leading banks finalise Rs1.275trn rescue plan to support ailing power sector
Deal formalised with signing of term-sheet at HBL in Karachi, disbursement expected in May; loan will be repaid over six years with an interest rate of 10.5% to 11%Â
Power generation rises 5% to 8,409 GWh in March, 62% produced from local coal
Despite the March growth, overall generation down by 2% in the first nine months of FY2024-25
Asian nations, including Pakistan, look to buy more US energy to offset trade imbalance
Pakistan may buy US crude equivalent to current imports of oil and refined products, or about $1 billion of oil: report
Central Power Purchasing Agency nears to sign deal with 18 banks for Rs1.275trn loan to reduce circular debt
Agreement expected by weekend, loan will provide fresh funding of Rs617 billion at 10.50% to 11% mark-up, repayments to be funded through Rs 3.23 per unit Debt Service Surcharge
Govt to align electricity, gas subsidies with BISP for targeted support, IMF assured
Govt intends to implement new system for electricity subsidies to address inefficiencies in current subsidy structure by January 2027
Why Liberty Power backed out of buying out Engro’s energy business
A week after the acquirer announced it was backing out, Engro clarifies what happened: Liberty got cold feet
Pakistan’s oil and gas reserves see first growth since 2020
The difference may not mean much in the long run, but represents good news after years of decline
Govt agrees to IMF-led power reforms including tariff hikes, debt transfer to CPPA-G
Measures are aimed at stabilising the sector and ensuring debt sustainability
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
NEPRA to hear tariff cut petitions from 11 IPPs on April 16
More IPPs agree to revised terms amid tariff relief push