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
PPL begins gas production from Pateji X-1 in Shah Bandar Block
Gas will be injected into SSGCL network, with production potential of up to 10 MMscfd
OGDCL to begin production in Abu Dhabi’s Offshore block by 2027
CEO announces diversification into minerals, including lithium and Barrick Gold partnership
Global oil price drop may result in Rs12 reduction in petrol rate in Pakistan
Final decision depends on govt’s ability to balance fiscal requirements
Mari Energies announces fourth hydrocarbon discovery in Waziristan Block
New discovery in Lockhart Formation yields gas production of 70.3 MMSCFD and condensate output of 310 barrels per dayÂ
Petroleum sales surge 5% in March due to Ramazan and Eid
Intercity travel, coupled with general increased consumption led to volumetric increase in sales for fuel retailers
OPEC+ presses for output compliance amid price crash
Ministers push laggards to cut excess production as surprise supply hike sinks oil to 2021 lows
Rs1.34 trillion loan negotiations with banks in final stages, says energy ministerÂ
Awais Leghari confirms that once term sheets are submitted by banks, agreements will be finalised to reduce circular debt by Rs300-335 billion
Nepra approves Rs 1.9/unit quarterly adjustment; Rs 3.02/unit FCA refund for KE consumers
Negative quarterly adjustment will apply to all Discos and KE consumers for three months, while KE consumers will get Rs 2.93 billion refunds in their April 2025 bills
Has Pakistan found a plan to turn its power liabilities into strategic assets?
Pakistan plans to use its excess electricity production for establishing Pakistan as a hub of blockchain technology but is it a viable solution?