Year: 2025

Refineries Urge Resolution of Sales Tax Anomaly Jeopardizing $6 Billion Investment

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Refineries-Urge

Refineries Urge Resolution of Sales Tax Anomaly Jeopardizing $6 Billion Investment May 5, 2025 Admin Islamabad, May 5th, 2025 — A high-level delegation of oil refineries, led by Mr. Adil Khattak, Chairman of the Oil Companies Advisory Council (OCAC), met with the Federal Minister for Petroleum and the Federal Minister for Finance to urgently address a critical issue arising from the Finance Act 2025. The delegation highlighted that the exemption of petroleum products from sales tax under the new legislation has created a serious anomaly — refineries and Oil Marketing…

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“Energy Frontline Secured: Refineries Gear Up to Fuel Armed Forces in Critical Times”

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New-Project10

A high-level delegation comprising Chief Executive Officers (CEOs) of Pakistan’s leading refineries called on Federal Minister for Petroleum Ali Pervaiz Malik today. The meeting focused on enhancing collaboration between the government and the refining sector to ensure sustainable energy supply, improve refinery efficiency, and address key challenges facing the industry. The meeting, held at the Ministry of Petroleum, served as a platform for constructive dialogue on critical issues, including refinery upgradation, fuel quality standards, and policy frameworks to bolster the petroleum sector’s contribution to Pakistan’s economy. Minister Ali Pervaiz Malik…

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Chashma Nuclear Power Plant Unit-1 Sets National Record with 400 Days of Continuous Operation

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Chashma-Nuclear

ISLAMABAD: In a landmark achievement for Pakistan’s energy sector, Chashma Nuclear Power Plant Unit-1 (C-1) has set a new national record by operating continuously for 400 days — the longest uninterrupted run in the country’s history. The milestone was achieved under the expert oversight of the Pakistan Atomic Energy Commission (PAEC), showcasing the dedication and technical excellence of its scientists, engineers, and technicians. Previously, Chashma Units C-2 and C-4 had each set a record with 365 days of continuous operation. Currently, PAEC operates six nuclear power plants contributing a total…

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Petroleum Division Clarifies CPP Levy Adjustments to Reflect in Future Bills

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Fuel-Cost

ISLAMABAD: The Petroleum Division has clarified that any rebates or adjustments related to the Captive Power Plants (CPP) levy will be incorporated in future billing cycles, aligned with the Fuel Cost Adjustment (FCA) determinations made by NEPRA for the respective month’s power tariff. In a recent communication to Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGC), the ministry elaborated on the implementation of the Grid (Captive Power Plants) Levy Ordinance, 2025. The ordinance mandates the imposition of a levy on gas consumed by CPPs that…

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Power Division Seeks Feedback on Electricity Market Framework Under CTBCM

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Power

ISLAMABAD: The Power Division has invited comments from stakeholders on proposed amendments related to the Competitive Trading Bilateral Contract Market (CTBCM), under the National Electricity Plan (NEP) 2023–27, as part of efforts to liberalise Pakistan’s electricity market. Stakeholders have been asked to submit their input by May 18, 2025. The proposed amendments to Strategic Directive #87 include the initiation of open access with an initial allocation of 800MW capacity for the first five years—subject to revision based on market conditions. The amendments aim to align with Clause 5.5.2(g) of the…

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