Day: May 22, 2025

Federal Minister for Petroleum Ali Pervaiz Malik was called on by the Ambassador of Azerbaijan to Pakistan, H.E Khazar Farhadov, at the Ministry of Petroleum today. The discussions centered on strengthening bilateral relations particularly in the energy sector and exploring new avenues for economic cooperation. Minister Ali Pervaiz Malik expressed gratitude for Azerbaijan’s steadfast support to Pakistan in recent conflict with India, reaffirming the deep-rooted brotherly ties between the two nations. He underscored that Prime Minister Shehbaz Sharif greatly values the Azerbaijan’s solidarity with Pakistan. Azerbaijan has always stood behind…

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A high-level delegation from Deloitte Advisory US, led by Richard Longstaff , met with the Federal Minister for Petroleum, Ali Pervaiz Malik, at the Ministry of Petroleum in Islamabad today. The meeting focused on strengthening collaboration and exploring avenues of cooperation to benefit from the strategic advisory services for Pakistan’s energy sector. The discussions centered on key challenges and opportunities within Pakistan’s oil, gas, minerals and gemstone industries, with an emphasis on enhancing operational efficiency, mitigating risks, and fostering sustainable growth. The Deloitte delegation shared insights on global best practices…

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A comprehensive study by Boston University’s Institute for Global Sustainability reveals that solar photovoltaic (PV) projects pose the lowest financial risk among global energy infrastructure builds, while nuclear power ranks as the most cost-intensive and delayed. Analyzing 662 projects across 83 countries from 1936 to 2024, with a total investment of \$1.358 trillion, researchers found that more than 60% of projects exceeded their initial construction budgets. On average, energy infrastructure builds took 40% longer than planned—equating to roughly two years of delay. Nuclear projects led in cost overruns, exceeding estimates…

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In a move to cut electricity consumption and lower household energy bills, the federal government is finalizing a plan to distribute energy-saving fans to consumers on easy, interest-free installments. Approved by the Prime Minister, the initiative is likely to be announced in the upcoming federal budget. Under the proposed scheme, consumers will be able to purchase energy-efficient DC fans with support from banks and repay the cost through their monthly electricity bills. By replacing conventional AC fans with energy-saving alternatives, the government aims to conserve up to 5,000 megawatts of…

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