Saudi Aramco reports lower Q2 revenues, forecasts higher oil demand in second half of 2025
Despite a dip in crude prices, Aramco anticipates stronger demand in the second half, supported by higher output and refining performance
Electricity price in Pakistan to rise by 25% over next 8 years, says power division forecast
Average tariff expected to hit Rs29.70/unit by 2034 due to currency devaluation, impacting industrial competitiveness and consumer costs; shift towards cleaner energy sources may help reduce price pressures
Cabinet Committee on Energy directs power division to cut open access notice, review 800MW wheeling cap annually
Government shortens open access switch timeline, orders yearly review of 800MW wheeling cap to boost power market liberalization
FBR grants powers to IRS and provincial officers for cigarette seizures
New regulations enable officers to seize cigarettes without valid or fake stamps nationwide
Sindh sets new minimum wage at Rs40,000, boosts rates for skilled workers
New wage structure effective July 1 applies to all establishments; Rs192 per hour fixed for daily wagers
From textile seth to freelancer: the evolution of Bilal Fibres
The mill shut down a long time ago, but the sponsors of Bilal Fibres now want to move into the kind of services business that has recently taken off in Pakistan
Electricity generation finally stabilizing after two years of declines
Government policy may finally be encouraging more use of grid electricity by industrial users
Govt set to launch direct electricity sale system for commercial, industrial consumers
800 MW of electricity to be sold through competitive bidding in first phase; commercial and industrial consumers to be eligible to purchase at least 1 MW
Petroleum Division concerned over reduced RLNG off-take by power plants, warns of system risks
SNGPL reports power plants used only 327 MMFCD of RLNG on July 16, 2025, with monthly average consumption at 501 MMFCD, below the required 600 MMFCD
Denmark to launch three-year energy cooperation program with Pakistan
New initiative, backed by Danish Energy Agency, to focus on energy efficiency, renewable integration, and sector planning
JS to consolidate energy investment vehicles
Move could signal a commitment to consolidate disparate energy initiatives under one roof
Attock Refinery: cash-rich, policy-ready and poised for a once-in-a-generation upgrade
The fortress balance sheet gives the company a distinct advantage in pursuing the kind of capital expenditures that have eluded some of its competitors
Dewan Cement adds solar power to its energy mix
Company joins loud chorus of Pakistani industrial entities looking to set up their own solar energy generation capabilities
Pakistan’s power generation up by 2% YoY in June 2025 due to higher demand
June's power generation rise attributed to higher demand, lower tariffs, and increased grid consumption; cost of generation decreased by 9% YoY to PKR 7.87/KWh, staying below benchmark
Pakistan earns $17.88 billion from textile exports in FY2025
Knitwear, garments, and bedwear drive textile exports growth by 7.39%, but cotton products decline amid challenges in innovation and market diversification