Month: March 2025

IMF Rejects Government’s Plan to Cut Power Tariffs

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ISLAMABAD: The International Monetary Fund (IMF) has blocked the government’s proposed reduction in electricity tariffs, delaying the staff-level agreement (SLA) on the first biannual review of the $7 billion Extended Fund Facility (EFF). Media reports suggested that Prime Minister Shehbaz Sharif was expected to announce an Rs8 per unit reduction in electricity rates during his March 23 address to the nation. However, no such relief package was mentioned in his Pakistan Day speech. Instead, he chaired a high-level meeting on the power sector to address last-minute hurdles. The meeting was…

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Rooftop Solar Boom Sparks Controversy Over Net-Metering Reforms

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solar energy

Karachi: The federal government had no choice but to revise Pakistan’s Net-Metering regime, as an unchecked surge in on-grid rooftop solar power installations could have severely impacted the national grid. This was the consensus among energy experts at a webinar titled “Net-Metering Debate: Facts vs. Claims”, organized by Energy Update in collaboration with the Pakistan Solar Association (PSA) and the Renewable Energy Association of Pakistan. Experts emphasized that amending the Net-Metering framework was crucial for maintaining the financial viability of the system introduced to purchase clean energy from consumers with…

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Sindh CM concludes Pre-Budget discussion Sindh AssemblyNo work is in progress on Chulistan

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Sindh CM

KARACHI (March 21): Sindh Chief Minister Syed Murad Ali Shah, while concluding the pre-budget discussion in the assembly, emphasized his government’s commitment to maintaining law and order, and highlighted the importance of transparent financial planning and noted that there was currently no construction taking place on the Chulistan Canal. He highlighted that there has been no construction activity from Head Suleimanki to Marot, which is located 200 km from the barrage. At the Marot site, a 5,000 ft length of canal was found to be abandoned, and no further activity…

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Federal Minister for Petroleum Briefs Foreign Ambassadors on Pakistan Minerals Investment Forum 2025

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Pakistan’s Federal Minister for Energy (Petroleum Division), Ali Pervaiz Malik, on Friday briefed foreign ambassadors on the upcoming Pakistan Minerals Investment Forum 2025 (PMIF25) and invited delegates from their respective countries to explore Pakistan’s vast mineral resources and investment opportunities. He encouraged foreign countries to participate in this transformative dialogue shaping the future of Pakistan’s minerals sector.Scheduled to take place on April 8-9, 2025, at the Jinnah Convention Centre, Islamabad, the forum will bring together global ministers, leading corporations, investors, policymakers, and industry experts to explore Pakistan’s mineral potential.Addressing an…

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PPL Seeks PDS Advice on Gas Allocation for CCGT Power Plant

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Pakistan Petroleum Limited (PPL) has sought advice from the Petroleum Division (PDS) regarding the allocation of gas for its Combined Cycle Gas Turbine (CCGT) power plant project. The PPL is planning to set up a 1,200-megawatt (MW) CCGT power plant, which will require a significant amount of gas to operate. However, the company is seeking clarification on the gas allocation process and the availability of gas for the project. The PDS has been requested to provide guidance on the gas allocation framework, including the priority of gas allocation, the gas…

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