Day: October 28, 2025

Pakistan Moves to Cut Energy and Interest Costs to Spur Industrial Growth

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New-Project83

ISLAMABAD: Pakistan is implementing a comprehensive set of reforms to reduce the cost of doing business and revive industrial growth, according to Khurram Schehzad, Advisor to the Finance Minister. In a post on X (formerly Twitter), Schehzad highlighted that the government has already achieved significant progress in lowering energy and financial costs, while taxation and regulatory reforms are also underway to create a more business-friendly environment. He noted that energy tariffs for industrial and agricultural consumers have been reduced from Rs 38 to Rs 23 per unit on additional consumption…

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Zardari Invites Polish Investors to Explore Joint Ventures in Pakistan’s SEZ

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New-Project82

ISLAMABAD: President Asif Ali Zardari has invited Polish businesses to explore joint ventures and investment opportunities in Pakistan’s special economic zones (SEZs), emphasizing the country’s commitment to expanding bilateral trade and cooperation with Poland. He extended the invitation during a meeting with Deputy Prime Minister and Minister of Foreign Affairs of Poland, Radoslaw Sikorski, who called on him at the Aiwan-e-Sadr on Friday. President Zardari said Pakistan deeply values its long-standing relationship with Poland, built on mutual respect, trust, and cooperation. He underlined Pakistan’s desire to strengthen political, economic, and…

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Saudi Arabia Extends $1 Billion Oil Facility and Rolls Over $5 Billion Deposits to Support Pakistan

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Pak-Saudi

ISLAMABAD: In a major boost to Pakistan’s economic stability, Saudi Arabia has pledged a $1 billion oil financing facility for the fiscal year 2025–26, along with the rollover of $5 billion in deposits currently held with the State Bank of Pakistan (SBP), officials from the Ministry of Finance confirmed on Monday. According to ministry sources, the $1 billion oil facility will help Pakistan meet its energy import requirements while easing pressure on foreign exchange reserves. The Kingdom will also roll over $2 billion due in December and $3 billion in…

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LESCO Partners with Chinese Firm Liyang for Smart Metering and Energy Innovation

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New-LESCO

LAHORE: The Lahore Electric Supply Company (LESCO) has secured technical support from Liyang, a Chinese technology firm, to advance its initiatives in energy management and smart metering systems. A delegation from Liyang, led by its Chief Mr. Maxwell, visited the LESCO headquarters and met with Engr. Ramzan Butt, Chief Executive Officer of LESCO. During the meeting, both sides discussed avenues for cooperation and agreed to strengthen collaboration in modernizing power distribution and implementing intelligent metering solutions. According to LESCO officials, the Chinese delegation expressed strong interest in partnering with the…

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PM Orders Immediate Review of Revised Net Metering Buyback Rates in Coordination with NEPRA

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CM-NEPRA

ISLAMABAD: Prime Minister Shehbaz Sharif has directed the Power Division (PD) to urgently verify and finalize the proposed revised buyback rates for net metering in coordination with the National Electric Power Regulatory Authority (NEPRA), following months of delay in the approval process. According to NEPRA sources, the directive was issued during a high-level meeting held on October 22, 2025, at the Prime Minister’s Office, attended by key stakeholders from the energy sector. “The Power Division, in coordination with NEPRA, shall review and verify the tariff of buyback rates and their…

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