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
APTMA demands ban on yarn, cloth imports under Export Finance Scheme
Over 120 textile mills shut down due to the removal of sales tax exemption on local supplies, APTMA urges government to reinstate EFS and support local textile sector
Ministry of Information abolishes over 1,900 posts at PTV in rightsizing effort
1,232 positions eliminated from PTV’s total approved posts; 729 posts declared “dying” positions; abolished roles span various levels, including high-ranking designations
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
Car sales grow by 46% YoY in 9MFY25: report
The automotive market in Pakistan is bouncing back with impressive gains, driven by economic stability and rising consumer confidence.
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
AI momentum builds in Pakistan, but experts urge smarter strategies
Buzz without backbone could undermine sustainable growth, say insiders
Danish firm launches mining training program for Pakistani engineers
FLSmidth partners with government to boost skills and sustainable development