Month: February 2025

Financial Advisers Appointed for Three Power Discos

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Power project

ISLAMABAD: The Privatisation Commission has appointed financial advisers to oversee the divestment of Faisalabad, Gujranwala, and Islamabad power distribution companies (Discos) by the end of 2025. On Tuesday, the commission signed a Financial Advisory Services Agreement (FASA) with a consortium led by Alvarez & Marsal Middle East Ltd. The consortium includes International Consulting Associates (iConsult), Yousuf Adil Chartered Accountants, Vellani & Vellani, Power Planners International Pvt Ltd, and NEOS Group Inc. This marks a key step toward increasing private sector participation in Faisalabad Electric Supply Company (FESCO), Gujranwala Electric Power…

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Pakistan urges global support for its $100 billion energy transition at World Governments Summit in UAE

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$100 billion energy transition

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday called for global support to meet Pakistan’s $100 billion energy transition needs as he addressed participants at the World Governments Summit (WGS) in the United Arab Emirates (UAE).The summit, being held in Dubai on Feb. 11-13 under the theme ‘Shaping Future Governments’, brings together a large number of heads of state/government, global policymakers, and leading private sector figures to discuss the future of governance, innovation and international cooperation.Addressing the summit on Tuesday, the Pakistani prime minister urging stronger climate financing, technology sharing from…

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Bangladesh seeking long-term LNG deals, energy official says

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. NEW DELHI: Bangladesh is looking for long-term liquefied natural gas (LNG) deals with exporting nations like Brunei, an advisor to the South Asian nation’s energy ministry said at the India Energy Week conference on Tuesday. Global LNG: Asian spot LNG slips on tepid demand, ample supply Muhammad Fouzul Kabir Khan also said the country is almost finalising its list of countries to buy spot LNG from, and added that it is reviewing all power deals from the last regime.

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OPEC takes long-term view of global oil markets, aims for stability

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global oil markets,

NEW DELHI: Decisions from oil producer group OPEC+ take a long-term view of the global markets and are aimed at providing price stability, Secretary General Haitham Al-Ghais said at the India Energy Week conference on Tuesday. The comments came after U.S. President Donald Trump repeatedly called on the producer group to increase oil production to help reduce prices. Iran urges OPEC to unite against potential US oil sanctions The Organization of the Petroleum Exporting Countries and their allies, a group known as OPEC+, said earlier this month that it remained…

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Dr. Zeelaf Munir Elected Chairperson of Pakistan Business Council

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Zeelaf-Munir

KARACHI: The Pakistan Business Council (PBC) has elected Dr. Zeelaf Munir as its new chairperson for an 18-month tenure, succeeding Shabbir Diwan, CEO of Gatron (Industries) Limited. Ziad Bashir, CEO of Gul Ahmed Textiles, has been elected as vice chairman. Dr. Zeelaf, who previously served as Vice Chairperson of PBC, is also the Managing Director & CEO of English Biscuit Manufacturers (Pvt) Ltd (EBM). She takes on this leadership role with a commitment to economic growth, policy advocacy, and strengthening Pakistan’s business ecosystem. The newly elected Board of Directors for…

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