Day: August 4, 2025

Chinese Delegation Visits Pakistan to Boost Maritime and Energy Collaboration

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Chinese-Delegation

ISLAMABAD – A high-level Chinese delegation led by Yi Jiang of the All-China Federation of Industry and Commerce (ACFIC) and David Chu, CEO of Precise Development (HK) Ltd, is on a five-day official visit to Pakistan to strengthen cooperation in the maritime, energy, and industrial sectors. During their visit, the delegation held key meetings with Federal Minister for Maritime Affairs Muhammad Junaid Anwar, Federal Minister for Energy Awais Leghari, and Chairman of the Prime Minister’s Youth Programme Rana Mashhood Ahmad Khan. Talks with the Ministry of Maritime Affairs focused on…

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Pakistan Eyes 2,800MW Solar Boost with Saudi Partner ACWA Power

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New-Solar1

ISLAMABAD: Pakistan has included two large-scale solar power projects—totaling 2,800 megawatts—in its Indicative Generation Capacity Expansion Plan (IGCEP) 2025–35. These projects, located in Layyah, Jhang, and Muzaffargarh, are likely to be offered to Saudi Arabia’s ACWA Power under a potential Government-to-Government (G2G) agreement, according to Business Recorder. The National Grid Company of Pakistan (NGC) has informed the Private Power and Infrastructure Board (PPIB) about the inclusion of a 1,000MW and an 1,800MW project to be developed by ACWA Power. Final approval, however, depends on the National Electric Power Regulatory Authority…

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ExxonMobil Poised for Offshore Comeback as U.S.-Pakistan Energy Ties Strengthen

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Exxon-Mobil

ISLAMABAD: As Pakistan welcomes U.S. President Donald Trump’s announcement on joint development of its oil reserves, hopes are rising for a potential return of American energy giant ExxonMobil to offshore exploration. Although Washington has yet to confirm which U.S. companies will participate, Pakistani officials anticipate ExxonMobil’s renewed interest, especially with offshore bidding for oil and gas fields set to open on September 30. Historically, U.S. oil and gas firms have remained relatively inactive in Pakistan despite strong diplomatic ties and the country’s vast untapped reserves, particularly in Khyber-Pakhtunkhwa and Balochistan.…

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Electricity Pakistan & EVS World 2025 Conclude with Strong Industry Momentum

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Power-sector

LAHORE: The three-day Electricity Pakistan and EVS World exhibitions wrapped up on Sunday at Expo Centre Lahore, bringing together over 100 national and international companies in a vibrant showcase of innovation, clean energy, and electric mobility. Organized by FAKT Exhibitions, the event ran from August 1 to 3 and served as a dynamic platform for collaboration between industry leaders, government representatives, and global technology providers. It spotlighted Pakistan’s transition toward sustainable energy and electric vehicle (EV) adoption. Visitors explored cutting-edge EVs, interactive energy solutions, and emerging technologies aimed at reshaping…

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OGDCL Receives First Rs7.7bn Interest Payment Under Circular Debt Settlement Plan

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ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production firm, has received the first interest installment of Rs7.73 billion from Power Holding (Private) Limited (PHL) under the government’s circular debt settlement framework. The development was announced in a notice to the Pakistan Stock Exchange (PSX) on Monday, confirming that the payment is part of a broader plan approved by the Government of Pakistan to resolve the mounting circular debt in the energy sector. “As part of the circular debt settlement plan, OGDCL has received the…

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