Year: 2025

Premium Textile Mills Limited has approved a $4.15 million investment to install a 7.5MW wind turbine, marking another step in its transition toward sustainable and cost-efficient energy. The publicly listed textile manufacturer, known for producing cotton and polyester yarn, announced the decision through a notice to the Pakistan Stock Exchange (PSX) on Monday. The Board of Directors approved the project via a circular resolution dated November 24, 2025. “Keeping up with our commitment to sustainable environmental practices, the contribution of renewable energy in the power mix will significantly increase after…

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ISLAMABAD: The Pakistan Institute of Development Economics (PIDE) has cautioned that Pakistan’s power sector woes have evolved into a profound socioeconomic imbalance, with the poorest households bearing the heaviest burden of systemic inefficiencies. Authored by Dr. Rubina Ilyas, Research Economist at PIDE, the study titled “Circular Debt and Electricity Tariffs: Unequal Burdens Across Household Quintiles in Pakistan” reveals how the circular debt—now surpassing Rs2.6 trillion—has fueled steep, regressive electricity tariffs that disproportionately impact low-income groups. The report warns that without efficiency-driven reforms, improved governance, and a more progressive tariff design,…

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ISLAMABAD: The Cabinet Committee on State-Owned Enterprises (CCoSOEs) on Monday directed the Finance and Privatisation Divisions to undertake a comprehensive review of all pending litigation involving state-owned enterprises listed for privatisation, aiming to ensure a seamless and efficient sell-off process. Chairing the meeting, Federal Minister for Finance and Revenue Muhammad Aurangzeb instructed both divisions—working closely with relevant ministries and the Law Division—to identify obstacles, devise solutions, and ensure the entities are fully prepared for privatisation. The Committee also approved several key board appointments and reconstitutions across major SOEs after considering…

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ISLAMABAD: Pakistan will require an additional 60 million acre feet (MAF) of irrigation water by 2050 to meet the food, energy, and developmental needs of a rapidly growing population projected to reach 315 million, up from the current estimate of 251 million. Ongoing water storage projects, however, will provide only 11.13MAF of additional capacity, leaving a significant gap that demands urgent planning and investment. These insights were shared during a meeting of the Senate Standing Committee on Water Resources, chaired by Senator Shahadat Awan on Monday. Concern Over Suparco’s Non-Compliance…

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