Year: 2025

FPCCI Terms Govt’s Circular Debt Reduction ‘Artificial and Unsustainable’

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ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has rejected the Power Division’s claim of reducing the power sector’s circular debt (CD) by around Rs800 billion, calling it “misleading, artificial, and unsustainable” as it stems from fiscal injections rather than genuine reforms. According to the FPCCI’s detailed analysis, the Power Division projected circular debt to fall from Rs2.393 trillion in June 2024 to Rs1.614tr by June 2025 — a reduction of Rs780bn. However, the business body argued that this apparent relief is driven by a one-time stock…

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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potential, the country remains mired in a substantial energy shortage marked by frequent blackouts, high power tariffs, outdated infrastructure, and growing public discontent.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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