Day: August 22, 2025

Pakistan’s renewable energy drive crucial for sustainable economic growth

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solar-powe

PESHAWAR, Aug 22 (APP):As the world accelerates its transition toward renewable energy, Pakistan finds itself trailing behind, with just 12.2% of its electricity currently sourced from renewables, which is a stark contrast to the advances made by its regional peers. Despite being endowed with vast solar, wind, coal, and hydel potential, the country remains mired in a substantial energy shortage marked by frequent blackouts, high power tariffs, outdated infrastructure, and growing public discontent. “Pakistan’s power woes are deeply rooted in decades of underinvestment in sustainable energy solutions. The country’s reliance…

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Power export beyond borders

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The menace of circular debt has today become one of the gravest threats to Pakistan’s sovereignty and survival, rivaling the scourges of terrorism and insurgency that have long plagued the state. The circular debt in the power sector has already surpassed five trillion rupees, creating a financial vortex that cripples the government, suffocates economic growth, and burdens citizens with unaffordable tariffs. Unless Pakistan begins to think imaginatively, innovatively, and courageously, this spiraling debt will continue to erode the very foundations of the national economy. One solution, which is both viable…

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Wafi Energy Pakistan explores opportunities in oil marketing sector

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Wafi Energy

Wafi Energy Pakistan Limited, formerly Shell Pakistan Limited, announced that its board has authorised management to explore potential investment and acquisition opportunities in the country’s oil marketing sector. The listed OMC disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Friday. “At a meeting of the Board of Directors of Wafi Energy Pakistan Limited held at the registered office of the company on Thursday, 21 August, the Board has in-principal authorized the management to pursue potential investment/acquisition opportunities in the oil marketing sector, including for the…

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Wafi Energy Pakistan to Explore Investments in Oil Marketing Sector

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wafi-station

KARACHI: Wafi Energy Pakistan Limited, formerly Shell Pakistan Limited, has announced that its board has authorised the management to explore potential investment and acquisition opportunities in the country’s oil marketing sector. The development was disclosed in a notice to the Pakistan Stock Exchange (PSX) on Friday, stating that the board, in its meeting held on August 21, granted in-principle approval for management to assess the feasibility and viability of such opportunities. Wafi Energy Pakistan, a publicly listed company incorporated in Pakistan, is majority-owned by Abu Dhabi-based Wafi Energy Holding Limited.…

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Discos Propose Rs23bn Refund for July as Power Costs Decline

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Power-Tariff

ISLAMABAD: Public sector power distribution companies (Discos) have sought approval from the National Electric Power Regulatory Authority (Nepra) to refund Rs1.69 per unit to consumers, amounting to around Rs23 billion, on account of lower fuel costs in July. The adjustment, if approved, will be reflected in electricity bills for August. According to the Central Power Purchasing Agency (CPPA), the decline in fuel costs was largely driven by improved hydrological conditions, with hydropower contributing 40% of generation in July compared to 36% last year. Overall power consumption, however, fell 5% year-on-year…

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