Day: January 21, 2026

Gulf Investors File $2bn Arbitration Case Against Pakistan Over K-Electric Dispute

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K-Electric

ISLAMABAD: Saudi and Kuwaiti investors in K-Electric have launched a USD 2 billion international arbitration case against Pakistan, sharply escalating a long-running dispute involving regulatory intervention, unpaid government dues and the prolonged blockage of a USD 1.77 billion sale of the country’s largest private power utility. The arbitration was initiated on January 16, 2026, when London-based law firms Steptoe International (UK) LLP and Omnia Strategy LLP, acting on behalf of the investors, submitted a Notice of Arbitration under the OIC Investment Agreement and the UNCITRAL Arbitration Rules, formally naming the…

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CDA Plans to Deploy Drones for Firefighting in Islamabad’s High-Rise Buildings

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New-CDA

ISLAMABAD: The Capital Development Authority (CDA) has announced plans to introduce modern firefighting techniques, including the use of drones, to enhance its response to fire incidents in high-rise buildings across the federal capital. The decision was taken at a high-level meeting chaired by CDA Chairman and Islamabad Chief Commissioner Muhammad Ali Randhawa at the authority’s headquarters to review fire safety arrangements and emergency preparedness for tall and sensitive structures. The meeting was attended by CDA Member Finance Tahir Naeem, Member Planning and Design Dr Khalid Hafiz, Deputy Commissioner Islamabad Irfan…

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WB Raises Concerns Over Proposed Amendments Affecting Nepra’s Independence

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KE’S- 7-YEAR- INVESTMENT-ROADMAP

ISLAMABAD: The World Bank has reportedly expressed serious concerns over proposed amendments to the Nepra Act, 1997, and the Electricity Act, 1910, warning that the changes could undermine the independence of the National Electric Power Regulatory Authority (Nepra), well-informed sources told Business Recorder. According to the sources, the proposed amendments seek to replace the term “Federal Government” with “Power Division” or “division concerned” in various regulatory provisions, particularly those related to approvals and notifications. The World Bank has already held one meeting with relevant authorities to convey its reservations, and…

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Minister, British High Commissioner Discuss Enhanced Cooperation in Oil, Gas and Minerals

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Ali-Pervaiz

ISLAMABAD: Federal Minister for Petroleum Ali Pervaiz Malik held a meeting with British High Commissioner to Pakistan Jane Marriott to discuss strengthening bilateral cooperation in the oil and gas as well as minerals sectors. During the meeting, both sides reviewed progress in mineral-sector collaboration and welcomed the growing partnership between the British Geological Survey and the Geological Survey of Pakistan (GSP). The British side indicated support of up to USD 400,000 for a proposed capacity-building initiative, which the minister said would significantly contribute to the development of Pakistan’s minerals sector…

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‘Weaponisation of Water’: Pakistan Warns UN of Threat to Water Security After India’s Move on Indus Treaty

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New-Project24

Pakistan has warned the United Nations that India’s unilateral decision to hold the Indus Waters Treaty (IWT) in abeyance poses a grave threat to Pakistan’s water security and regional stability, calling the move a deliberate “weaponisation of water.” Addressing the Global Water Bankruptcy Policy Roundtable hosted by Canada and the United Nations University, Pakistan’s Permanent Representative to the UN, Ambassador Usman Jadoon, said India’s actions constituted material breaches of the 1960 treaty. He cited unannounced disruptions in downstream water flows and the withholding of vital hydrological data since April last…

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