Day: November 13, 2025

CPPA-G Proposes Five Power Price Scenarios for 2026 Ahead of NEPRA Hearing

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ISLAMABAD: The Central Power Purchasing Agency–Guaranteed (CPPA-G) has developed five power purchase price (PPP) scenarios for calendar year 2026, reflecting varying assumptions of electricity demand, fuel prices, hydrology, and exchange rates. The National Electric Power Regulatory Authority (NEPRA) will hold a public hearing on November 18, 2025, to review CPPA-G’s petition. The proposed PPP projections range from Rs 25.69 to Rs 26.53 per unit, with Scenario 1 estimating Rs 25.95 per unit and Scenario 4 peaking at Rs 26.20 per unit. These variations stem from different forecasts of exchange rate…

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COP30 Opens in Brazil with Call for Global Unity to Tackle Climate Crisis

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Cop-30

BELEM, BRAZIL: The COP30 climate summit began on Monday with a strong appeal for unity from UN Climate Chief Simon Stiell, who urged nations to cooperate in addressing the escalating climate crisis rather than clash over political and economic priorities. Hosted in the Amazonian city of Belem, Brazil managed to broker an agreement on the summit’s agenda, defusing attempts by some developing-country blocs to insert divisive issues such as climate finance and carbon taxation into the negotiations. Amid a tense global backdrop marked by geopolitical rifts and resistance from major…

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Govt Mulls Quarterly Gas Price Revisions to Curb Circular Debt

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Gas-Tariffs

ISLAMABAD: The government is considering a major policy shift to move from biannual to quarterly gas price revisions, aligning the gas sector’s tariff mechanism with that of the power sector in a bid to strengthen the financial health of gas utilities and contain the growing circular debt. Under the proposed system, the Oil and Gas Regulatory Authority (OGRA) will notify revised gas tariffs every three months instead of twice a year. The Petroleum Division has already asked OGRA to propose amendments to existing regulations, with a final report expected to…

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PTA Global Acquires 75% Stake in Lotte Chemical Pakistan for $69 Million

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lotte-chemical

KARACHI: South Korea’s Lotte Chemical has sold a 75 percent stake in its Pakistani subsidiary, Lotte Chemical Pakistan Limited, to Dubai-based PTA Global Holding for $68.94 million (approximately 98 billion won). The divestment comes as part of Lotte’s broader portfolio restructuring under a government-supported initiative aimed at supporting South Korea’s petrochemical sector amid global oversupply and weak demand. Lotte Chemical Pakistan operates a state-of-the-art plant in Karachi with an annual production capacity of 500,000 tons of high-purity terephthalic acid (PTA), a key raw material for polyester fibers, yarns, and PET…

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CM Murad hails German unity as global inspiration, pledges deeper ties

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New-Project117

KARACHI (Nov 12): Sindh Chief Minister Syed Murad Ali Shah lauded the reunification of Germany as a ‘powerful example of determination, hope, and unity’ that transcends deep divisions, inspiring reconciliation, cooperation, and progress worldwide. Addressing a gathering at the German Consulate in Karachi on the occasion of German Unity Day, Mr. Shah underscored Germany’s “long-standing and trusted friendship” with Sindh and Pakistan, highlighting the celebration as a reflection of enduring spirit. The Chief Minister emphasised the critical need for nations to build bridges of cooperation and understanding to confront contemporary…

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