Day: June 20, 2025

Energy Update and PSA holds Webinar

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EU-PSA

Taxing solar panels & change in Net-metering policy hurts solar growth and environment experts warn Karachi: The imposition of General Sales Tax (GST) on import of solar panels, regardless of the final tax rate decided by the federal government, will not slow down Pakistan’s accelerating transition to renewable energy. This progress is driven by the unwavering commitment of end-consumers and businesses dedicated to improving environmental conditions and reducing the carbon footprint of Pakistan’s power sector. This was the collective view expressed by clean energy experts, industrialists, climate activists, and renewable…

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Govt Hires KPMG to Finalise Domestic Gas Price Hike from July 2025

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OGRA-GAS

ISLAMABAD: In an unprecedented move, the Petroleum Division has engaged leading audit firm KPMG to determine which categories of domestic gas consumers will face a price hike starting July 1, 2025, under a broader reform agenda aligned with IMF conditions. A senior Energy Ministry official confirmed that it is the first time an external consultancy has been tasked with advising the government on sale gas price adjustments. KPMG’s recommendations will guide which consumer slabs should absorb the increase, ensuring zero financial shortfall for state-owned gas utilities. This development follows Ogra’s…

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KHCL Seeks Formal Extension of Support for \$2.5bn Kohala Hydropower Project to Safeguard Pakistan’s Water Rights

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Hydropower

ISLAMABAD: Kohala Hydro Company Limited (KHCL) has formally requested an extension of its Letter of Support (LoS) for the \$2.5 billion, 1,124 MW Kohala Hydropower Project (HPP) until September 30, 2027, citing strategic and legal imperatives tied to Pakistan’s rights under the Indus Waters Treaty (IWT). In a detailed letter to the Managing Director of the Private Power and Infrastructure Board (PPIB), KHCL CEO Liu Yonggang emphasized the critical importance of timely development of the Kohala HPP to assert and preserve Pakistan’s hydroelectric rights on the Jhelum River, guaranteed under…

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Pakistan Seeks Russian Investment in Mining Sector at SPIEF 2025

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iran-russia

ISLAMABAD: Federal Minister for Energy Ali Pervaiz Malik is leading Pakistan’s delegation to the St. Petersburg International Economic Forum (SPIEF) 2025, where he is actively pursuing Russian investment in Pakistan’s mining sector. During key bilateral meetings on the sidelines of the forum, Malik met with Russian Energy Minister Sergei Tsivilev, who also co-chairs the Pakistan-Russia Inter-Governmental Commission (IGC). Both sides discussed deepening cooperation in energy, trade, investment, banking, insurance, mining, and people-to-people exchanges. Russia reaffirmed its interest in enhancing bilateral ties and welcomed the upcoming 10th session of the IGC,…

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Auto Industry Calls Govt’s 30% EV Target by 2030 ‘Ambitious but Unrealistic’

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Auto-Industry

LAHORE: Pakistan’s auto industry has raised serious concerns over the federal government’s target of achieving 30% electric vehicle (EV) penetration by 2030, calling the goal both ambitious and daunting for a country grappling with economic challenges. Industry veteran Jamil Asghar, with over three decades of experience in the motorcycle sector, questioned the feasibility of the target by drawing comparisons with India’s experience. He noted that despite massive financial interventions over the past decade — including FAME I and II schemes and the recent PM-EDRIVE initiative — India’s EV penetration remains…

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