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

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 day 

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 minister 

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?