Year: 2025

Saudi Arabia Extends $1 Billion Oil Facility and Rolls Over $5 Billion Deposits to Support Pakistan

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Pak-Saudi

ISLAMABAD: In a major boost to Pakistan’s economic stability, Saudi Arabia has pledged a $1 billion oil financing facility for the fiscal year 2025–26, along with the rollover of $5 billion in deposits currently held with the State Bank of Pakistan (SBP), officials from the Ministry of Finance confirmed on Monday. According to ministry sources, the $1 billion oil facility will help Pakistan meet its energy import requirements while easing pressure on foreign exchange reserves. The Kingdom will also roll over $2 billion due in December and $3 billion in…

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LESCO Partners with Chinese Firm Liyang for Smart Metering and Energy Innovation

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New-LESCO

LAHORE: The Lahore Electric Supply Company (LESCO) has secured technical support from Liyang, a Chinese technology firm, to advance its initiatives in energy management and smart metering systems. A delegation from Liyang, led by its Chief Mr. Maxwell, visited the LESCO headquarters and met with Engr. Ramzan Butt, Chief Executive Officer of LESCO. During the meeting, both sides discussed avenues for cooperation and agreed to strengthen collaboration in modernizing power distribution and implementing intelligent metering solutions. According to LESCO officials, the Chinese delegation expressed strong interest in partnering with the…

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PM Orders Immediate Review of Revised Net Metering Buyback Rates in Coordination with NEPRA

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CM-NEPRA

ISLAMABAD: Prime Minister Shehbaz Sharif has directed the Power Division (PD) to urgently verify and finalize the proposed revised buyback rates for net metering in coordination with the National Electric Power Regulatory Authority (NEPRA), following months of delay in the approval process. According to NEPRA sources, the directive was issued during a high-level meeting held on October 22, 2025, at the Prime Minister’s Office, attended by key stakeholders from the energy sector. “The Power Division, in coordination with NEPRA, shall review and verify the tariff of buyback rates and their…

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SDPI and Energy Update Partner to Amplify Awareness for SDC 2025

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New-Project81

Islamabad, October 2025 – The Sustainable Development Policy Institute (SDPI), Pakistan’s leading think tank on sustainable development, has signed a Memorandum of Understanding (MoU) with Energy Update, the country’s foremost magazine on energy and environment, to enhance outreach and awareness for the upcoming 28th Sustainable Development Conference (SDC 2025). The partnership aims to broaden engagement around the conference’s theme — “Sustainable Development in the Emerging World: Dis|Order” — by leveraging Energy Update’s digital, print, and social media platforms. The collaboration will help stimulate national dialogue on key topics such as…

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9th Meeting of the Joint Economic Commission between Pakistan and Bangladesh held in Dhaka

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pak bangladesh

October 27,2025 : Dhaka Bangladesh The 9th Session of the Pakistan-Bangladesh Joint Economic Commission (JEC) was convened in Dhaka today, after a hiatus of 20 years, marking another important milestone in strengthening bilateral economic and development cooperation between the two countries. The meeting was co-chaired by Mr. Ali Pervaiz Malik, Federal Minister for Petroleum, Government of Pakistan, and Dr. Salehuddin Ahmed, Advisor for Finance, Government of Bangladesh. At the conclusion of the session, both sides signed the Agreed Minutes of the 9th JEC, reflecting significant progress in multiple areas of…

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