ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday reiterated the government’s firm commitment to reviving Pakistan’s agriculture and power sectors through sustainable reforms, tax relief, and public-private partnerships aimed at ensuring long-term economic stability. Chairing two high-level meetings in Islamabad, the prime minister described the agriculture sector as the backbone of the national economy and directed authorities to reduce taxes on agricultural machinery and tools to promote mechanisation. He also ordered accelerated efforts to expand storage capacity for agricultural produce. “No new taxes will be imposed on fertilisers or pesticides in…
Read MoreYear: 2025
Global Hydropower Generation Rebounds in 2024; Pumped Storage Capacity Reaches New Heights
Hydropower generation made a strong comeback in 2024, growing by 10% to reach 4,578 terawatt-hours (TWh), according to the newly launched 2025 World Hydropower Outlook by the International Hydropower Association (IHA). The surge marks a significant rebound after years of stagnation and reinforces the sector’s critical role in the global clean energy transition. The report shows that global hydropower capacity increased by 24.6 gigawatts (GW) last year, including 16.2 GW from conventional hydropower and 8.4 GW from pumped storage hydropower (PSH). Total pumped storage capacity grew by 5% to 189…
Read MoreGlobal Energy Access Improves, But Urgent Financial Support Needed to Bridge Gaps and Ensure Universal Access by 2030
The Tracking SDG 7: The Energy Progress Report 2025 reveals that global electricity access has reached nearly 92%, marking a significant milestone. Yet, over 666 million people—mostly in remote, low-income regions—still live without basic electricity, making the goal of universal access by 2030 unlikely without urgent action. The report, released by key international agencies including IRENA, IEA, World Bank, UNSD, and WHO, highlights decentralised renewable energy—like mini-grids and off-grid solar systems—as a cost-effective, scalable solution to connect underserved populations. These systems are crucial not only for electricity but also for…
Read MoreSindh Govt working to exempt consumers Using Up to 300 Electricity Units from Solar Tax, Nasir Shah Addresses Youth Parliament Event
Karachi (): Sindh Minister for Energy, Planning, and Development, Syed Nasir Hussain Shah, stated that the Sindh Government is making every possible effort to exempt electricity consumers using up to 300 units from the solar tax and is actively engaging with the federal government in this regard. He expressed these views today as the chief guest at the National Environmental Sustainability Conference and Awards Ceremony organized by the Youth Parliament, held at a local hotel in Karachi. Chairman of Youth Parliament Rizwan Jaffer, Reham Khan, and other dignitaries also addressed…
Read MorePakistan & US Host Webinar to Promote Investment in Pakistan’s Mining Sector Amongst American Investors
ISLAMABAD, June 25, 2025 This direct line virtual event was hosted together by Federal Minister of Energy (Petroleum Division) Ali Pervaiz Malik and U.S. Chargé d’Affaires to Pakistan H.E Natalie Baker at Oil & Gas Development Company (OGDCL) Head Office in Islamabad. The webinar brought together senior officials from Pakistan’s Ministry of Energy (Petroleum Division), leading Pakistani mineral and energy companies, representatives of the Special Investment Facilitation Council (SIFC), and top USA diplomats and energy sector stakeholders. Secretary Petroleum Mr. Momin Agha, MD OGDCL Mr. Ahmed Hayat Lak, Managing Directors…
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