Month: March 2025

Inflation Down to Lowest Point in 9 Years Trade & Industry Demands Single-Stroke Cut By 500 bps in Interest RateAtif Ikram Sheikh, President FPCCI

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Atif-Ikram

Karachi: Mr. Atif Ikram Sheikh, President FPCCI, has apprised that the business, industry and trade community of Pakistan is dissatisfied with the monetary policy as it continues to be based on a heavy premium vis-à-vis core inflation as the State Bank of Pakistan (SBP) announced a grossly-insufficient reduction of merely 100 bps on January 27th in its last Monetary Policy Committee (MPC) meeting. He emphasized the fact that the inflation is at a 9-year low in the country. Mr. Atif Ikram Sheikh maintained that inflation, as per government’s own statistics,…

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‘Take or Pay’ Clause: Refineries Request OGRA’s Intervention*

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OGRA

OGRA Urged to Convene Meeting on ‘Take or Pay’ ClauseIslamabad: Pakistan’s five refineries have requested the Oil and Gas Regulatory Authority (OGRA) to convene a joint meeting with oil marketing companies (OMCs) to discuss and agree on the ‘take or pay’ clause in sales purchase agreements (SPAs). In a letter signed by the Managing Directors of Pak-Arab Refinery Company Limited (PARCO), Pakistan Refinery Limited (PRL), National Refinery Limited (NRL), Cnergyico PK Limited (CPL), and Attock Refinery Limited (ARL), the refineries emphasized the need for a mutually agreed-upon implementation mechanism to…

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From Roadshow to Expo: Growatt Champions Sustainable Energy Innovation in Pakistan

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Growatt, a global leader in distributed energy solutions, recently strengthened its commitment to Pakistan’s sustainable energy transition through two pivotal events in Lahore: a strategic roadshow on February 20 and an impactful exhibition at Solar Pakistan 2025 (February 21–23). These engagements highlighted the company’s innovative technologies, local partnerships, and dedication to addressing Pakistan’s evolving energy needs. Roadshow: Building Momentum for Renewable SolutionsThe roadshow on February 20 convened over 120 industry leaders, partners, and installers to outline Growatt’s vision for Pakistan’s energy future. Senior Regional Director Mr. Jimmy opened the event…

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Ambassador of Kyrgyzstan Calls on Federal Minister for Power Sardar Awais Ahmed Leghari

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His Excellency Avazbek Atakhanov, Ambassador of Kyrgyzstan to Pakistan, called on Federal Minister for Power, Sardar Awais Ahmed Khan Leghari.During the meeting, discussions focused on strengthening bilateral relations, with a emphasis on energy cooperation between the two countries. Both sides reaffirmed their commitment to expanding collaboration in key sectors, especially in the power sector.Federal Minister Sardar Awais Ahmed Khan Leghari acknowledged the excellent brotherly relations between Pakistan and Kyrgyzstan and expressed the desire to further enhance cooperation across various fields. He also highlighted the strong educational ties between the two…

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Pakistan Commits to Transparent Negotiations with IPPs

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Awais-Leghari

Federal Minister for Power Sardar Awais Ahmed Khan Leghari met with international development partners to discuss Pakistan’s power sector reforms. The meeting aimed to bring efficiency and discipline to the power sector, reducing electricity prices for consumers and industries. Key Reforms Discussed Goals and Commitments The meeting demonstrated the government’s commitment to transforming Pakistan’s power sector, ensuring affordable and reliable electricity for all.

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