Year: 2025

Govt Seeks Details of Halmore Power’s Working Capital Facilities Since 2010

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Halmore-Power

ISLAMABAD: The government has sought complete details of working capital facilities availed by M/s Halmore Power Generation Company Limited since 2010, including the total amount sanctioned or utilised, the purpose of the facilities and particulars of any lien or security interest created, sources close to the Registrar NEPRA told Business Recorder. The move follows directions from the Prime Minister’s Office to the Power Division and the Attorney General for Pakistan to act proactively to safeguard the government’s interests in international arbitration initiated by Halmore Power before the London Court of…

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Sindh’s Unpaid Power Bills Mount to Rs724 Million, NA Panel Expresses Concern

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New-KE

ISLAMABAD: The National Assembly Standing Committee on Energy (Power Division) has raised serious concern over non-payment of electricity bills by the Sindh government’s irrigation and power departments, with outstanding dues totalling around Rs724 million, resulting in financial losses for power distribution companies in the province. According to an official statement issued on Wednesday, the committee directed the chief executive officers of Sukkur Electric Supply Company (SEPCO) and Hyderabad Electric Supply Company (HESCO), along with the secretaries of finance, irrigation and power departments of the Sindh government, to jointly reconcile the…

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Four Held for Attempted Oil Theft from National Refinery in Karachi

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Refinery-Limited

KARACHI: The Special Investigation Unit (SIU) on Thursday foiled an attempt to steal oil from the National Refinery after uncovering an underground tunnel in the Korangi Industrial Area. According to SIU officials, the operation was conducted in Mehran Town following a tip-off about large quantities of excavated earth being dumped into the Malir River from a clothing warehouse. During the raid, police discovered a 15 to 16-foot-deep well inside the warehouse, from where the suspects had dug an underground tunnel. SIU Sub-Inspector Owais Tanoli said the tunnel, measuring around 140…

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Experts Call for Urgent Reforms to Cut Fossil Fuel Use and Drive Just Energy Transition

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Climate-Finance1

ISLAMABAD: Pakistan needs urgent structural reforms to reduce dependence on fossil fuels, boost export competitiveness and accelerate industrial growth to effectively address climate change, experts said at a seminar held here on Thursday. The discussion, titled “Driving a Just Industrial Transition: Role of Multilateral Development Banks (MDBs) and Solar Rush in Pakistan’s Textile Sector,” was organised by Alternate Development Services (ADS). Speakers stressed aligning MDB financing with national priorities, accelerating solar adoption in the textile sector and ensuring climate justice through concessional finance and debt relief. A study covering 80…

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Pakistan, ADB Sign $730m Agreements to Strengthen Power Grid and Reform State-Owned Enterprises

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Asian-bank

ISLAMABAD: Pakistan and the Asian Development Bank (ADB) have signed two major initiatives worth a combined $730 million aimed at strengthening the country’s power transmission network and accelerating reforms in the state-owned enterprises (SOEs) sector. According to an official statement issued on Thursday, the second Power Transmission Strengthening Project involves financing of $330 million, while the Accelerating SOE Transformation Programme is valued at $400 million. The initiatives are designed to ease overloading of existing transmission lines, improve energy reliability and enhance operational efficiency in key public-sector entities. At the start…

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