Day: August 16, 2025

Solar Pakistan 2025 Showcases Breakthrough Technologies to Accelerate Clean Energy Transition

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New-Solar

KARACHI: Solar Pakistan 2025 opened on Friday at the Karachi Expo Centre, featuring over 250 companies from 10 countries presenting state-of-the-art solar technologies, advanced energy storage solutions, and investment opportunities to drive Pakistan’s renewable energy transformation. Organised by Fakt Exhibitions (Pvt) Ltd, the event is positioned as a catalyst for accelerating the shift towards sustainable, affordable, and climate-friendly power generation. From high-efficiency solar panels to smart grid innovations, the exhibition is fostering collaboration among technology providers, investors, and policymakers to unlock the nation’s vast clean energy potential. Inaugurating the event,…

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Asian LNG Prices Slip Ahead of Trump-Putin Meeting; Market Eyes Russia Sanctions

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New-LNG

LONDON: Asian spot liquefied natural gas (LNG) prices eased this week amid subdued demand, ample storage, and growing anticipation of a meeting between US President Donald Trump and Russian President Vladimir Putin later today, which traders say could reshape energy market dynamics. September delivery into northeast Asia averaged $11.65 per million British thermal units (mmBtu), down from $11.90/mmBtu last week, while October delivery was estimated at $11.45/mmBtu, industry sources said. “This meeting may not only be decisive for Ukraine but also for the fate of Russian sanctions and future LNG…

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Power Minister Objects to Being Sidelined in Shipbreaking Tariff Data

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Power-Plants

ISLAMABAD: The federal minister for power has voiced dismay over the Power Division being excluded from consultations on electricity consumption data for the shipbreaking and recycling sector, which is crucial for tariff categorisation and determination by the National Electric Power Regulatory Authority (Nepra). At a recent Economic Coordination Committee (ECC) meeting, the issue of formally declaring shipbreaking and recycling an industry was discussed. The ECC instructed the Maritime Affairs Division to consult the Power Division while compiling consumption data, after the minister raised objections that his ministry had not been…

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Pakistan Seeks Equal Green Financing in Global Plastics Treaty Talks

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Climate-Change

ISLAMABAD: Pakistan has called for fair access to green financing and technology transfer for developing nations, as negotiations intensify on the proposed Global Plastics Treaty. Chairing a high-level briefing in Geneva on the sidelines of the Fifth Session of the Intergovernmental Negotiating Committee on Plastic Pollution (INC-5.2), Federal Minister for Climate Change and Environmental Coordination Dr Musadik Malik urged the international community to ensure equity in climate and environmental agreements. Delegations from Bangladesh, Egypt, Tajikistan, Malaysia, and Sudan attended the session. Dr Malik cautioned that the world’s poorest nations are…

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Pakistan’s Oil, Gas Output Slumps to 20-Year Low, Adding $1.2bn FX Strain

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New-oil

KARACHI: Pakistan’s oil and gas production fell to its lowest level in over two decades in fiscal year 2025 (FY25), deepening concerns over energy security and foreign exchange stability. The downturn comes amid renewed speculation of potential US investment in the sector, following former president Donald Trump’s recent comments hinting at American interest in local exploration and crude supply to India. According to data compiled by Topline Securities, crude oil output dropped 12% year-on-year (YoY) to an average of 62,400 barrels per day (bpd), while natural gas production slipped 8%…

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