Year: 2025

Digital Finance to Accelerate Green Transition

Admin
Asian-bank

Highlighting new initiatives, Mr Aurangzeb announced the establishment of the Virtual Asset Regulatory Authority (VARA) through an ordinance to oversee crypto and digital assets, alongside the creation of the Pakistan Crypto Council to guide responsible ecosystem development. Formal legislation would follow soon, he said, viewing digital finance as a key catalyst for climate-linked investment. He cited several major financing commitments, including a $1.3 billion climate financing arrangement with the IMF, a $500 million pledge from the Asian Development Bank (ADB), and the World Bank’s 10-year Country Partnership Framework, expected to…

Read More

Finance Minister Warns of Climate Threats, Calls for Urgent Mobilisation of Green Finance

Admin
Muhammad-Aurangzeb

ISLAMABAD: Finance Minister Muhammad Aurangzeb has issued a stark warning about Pakistan’s economic and environmental future, urging immediate mobilisation of climate finance to counter what he termed as “existential threats to national survival” posed by climate change and rapid population growth. Speaking at a high-level plenary session titled “Mobilising Finance for a Circular, Climate-Resilient South Asia” — held on the third day of the Sustainable Development Conference organised by the Sustainable Development Policy Institute (SDPI) — Mr Aurangzeb stressed the need for swift adaptation of Pakistan’s fiscal and regulatory systems…

Read More

PPL commences Early Production from Dhok Sultan – 3; aims to ramp up production up to 1,400 bbl/d oil, 2.5 MMscfd gas and 15 tonnes/d LPG

Admin
New-Project99

We are proud to announce that Pakistan Petroleum Limited (PPL) has commenced oil production from its operated and recently-discovered exploratory well Dhok Sultan-3, Dhok Sultan Block, since November 1, 2025 under appraisal/ Extended Well Testing. The oil is processed through the company’s operated Dhok Sultan Oil Handling Facility whereas the gas is transported at Meyal Gas Processing Facility. The oil is sold to Attock Refinery Limited and gas to Sui Northern Gas Pipelines Limited. This arrangement has provided the potential to ramp up production up to 1,400 bbl/d oil, 2.5…

Read More

Power Sector Circular Debt Rises to Rs1.69tr in Q1FY26

Admin
New-DEBT

ISLAMABAD: Pakistan’s chronic power sector circular debt surged by Rs79 billion in the first quarter (July–September) of fiscal year 2025–26, pushing the total to Rs1.693 trillion by the end of September, according to the latest report released by the Power Division. The debt stock, which was Rs1.614 trillion at the close of FY2024–25, has resumed its upward trajectory, reigniting concerns over inefficiencies, financial leakages, and weak governance within the electricity supply chain. Energy experts attributed the increase to persistent power theft, poor bill recoveries, and structural weaknesses across state-run distribution…

Read More