Year: 2025

2nd International Solar Power Conclave & Solar Excellence Awards 2025 scheduled for August 28 in Lahore

Admin

Lahore: The city of Lahore is set to host one of the country’s most significant renewable energy gatherings, the 2nd International Solar Power Conclave & Solar Excellence Awards 2025, taking place on 28th August 2025. The event is being organised by Energy Update in association with the Private Power & Infrastructure Board (PPIB), the Pakistan Solar Association (PSA), the Pakistan Alternative Energy Association (PAEA), and the Renewable Energy Association of Pakistan (REAP). It aims to provide a high-level platform for policymakers, industry leaders, investors, and international technology providers to engage…

Read More

Beyond borders: Pakistan’s oil, gas firms compete with World’s Best in Libya

Admin
oil

Pakistan’s quest to transform its resource economy has taken another leap forward, with its leading energy companies—Oil and Gas Development Company Limited (OGDCL) and Pakistan Petroleum Limited (PPL)—qualifying among 29 global contenders for Libya’s upcoming oil and gas block bid round. The development not only signals the growing ambitions of Pakistan’s exploration and production (E&P) sector but also resonates strongly with the vision laid out earlier this year at the Pakistan Mineral Investment Forum-2025. Held in April, the forum set the stage for unlocking Pakistan’s estimated $6 trillion to $8…

Read More

Dar Stresses Affordable Energy, Reviews Prices of Essential Commodities

Admin
Ishaq-Dar

ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar on Friday chaired two key meetings on the energy sector and essential commodities, stressing affordability and consumer protection. In a detailed briefing by the Ministry of Petroleum, Dar underlined the need to enhance exploration and boost productivity, while ensuring that energy remains affordable for citizens. He noted that Pakistan is blessed with vast energy and mineral resources, which must be developed to maximize their contribution to economic growth. The meeting was attended by the Petroleum Minister, SAPM on Privatisation, SAPM Tariq…

Read More

AGP Uncovers 126 Cases of Irregularities in Wapda Projects

Admin
New-Wapda

ISLAMABAD: The Auditor General of Pakistan (AGP) has identified 126 cases of financial malfeasance in Water and Power Development Authority (Wapda) projects during the audit of financial year 2023-24, exposing massive lapses in procurement, contract, and financial management. According to the compliance audit report, irregularities worth billions were detected across 38 formations of the Ministry of Water Resources (MoWR) and its entities. Key findings included: irregularities in procurement management of Rs17.6bn, contract mismanagement of Rs67.8bn, financial management issues of Rs280.9bn, and other discrepancies totaling Rs106.4bn. In total, recovery of Rs9.58bn…

Read More

Govt Task Force unveils bold plan to tackle Rs 2.6 Trillion Gas Sector circular debt amid fresh energy breakthroughs

Admin

Pakistan’s ballooning circular debt in the gas sector, now standing at a staggering Rs 2,600 billion, has finally moved to the centre of policy discussions, as the federal government’s Task Force on Power Sector has finalised a strategy to gradually defuse the crisis. The move follows the Task Force’s earlier efforts to carve out a plan for addressing the even more alarming debt trap in the power sector, which for years has choked the financial viability of the country’s energy supply chain. The contours of the government’s latest plan were…

Read More