Day: January 30, 2026

KAPCO and Fauji Cement to Jointly Acquire 84% Stake in Attock Cement

Admin
fauji cement

ISLAMABAD: Kot Addu Power Company Limited (KAPCO) and Fauji Cement Company Limited (FCCL) have signed a Sale and Purchase Agreement (SPA) to jointly acquire an 84% stake in Attock Cement Pakistan Limited (ACPL), signaling a major change in the company’s ownership structure. KAPCO disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Friday, stating that the SPA was executed on January 30, 2026, with Pharaon Investment Group Limited Holding S.A.L as the seller. Under the agreement, Fauji Cement and KAPCO will each acquire 42.03% of ACPL’s…

Read More

Pesco Declares Six Feeders Loadshedding-Free, Ensuring 24-Hour Power Supply

Admin
power-project

PESHAWAR: The Peshawar Electric Supply Company (Pesco) has announced six 11kV feeders as loadshedding-free, providing consumers in the designated areas with uninterrupted 24-hour electricity. The feeders include Hashtnagri, Saeedabad, Islamabad, Aladand, Express Kotigram, and City Khwaza Khela. Pesco Chief Akhtar Hamid Khan congratulated the residents of these areas, attributing the success to public cooperation, including timely bill payments and refraining from power theft. He added that a robust and sustained anti-theft operation on these feeders significantly reduced losses, enabling the elimination of loadshedding. The Pesco chief also acknowledged the support…

Read More

Petrol Tax Hike Likely to Cushion Expected Diesel Price Increase

Admin
Petroleum-prices

ISLAMABAD: The government may once again raise taxes on petrol to soften the impact of a sharp increase in diesel prices expected later this week, as authorities seek to contain inflationary pressures. Informed sources said that although international crude prices have edged up slightly amid regional tensions, high-speed diesel (HSD) prices remain elevated for the remainder of the current fortnight. As a result, prices of HSD, kerosene and light diesel oil (LDO) are projected to rise in the upcoming price revision on January 31. Based on existing tax rates, ex-depot…

Read More

PM Shehbaz Announces Rs4.4 per Unit Cut in Power Tariff for Industries

Admin
Power Consumers

Prime Minister Shehbaz Sharif on Friday announced a reduction of Rs4.4 per unit in electricity tariffs for the industrial sector, aiming to boost productivity, competitiveness and exports. Addressing leading exporters and business figures at a ceremony in Islamabad, the premier said the relief would ease cost pressures on industries, adding that if it were possible, he would have reduced tariffs by a further Rs10, but constraints limited the move. He also announced a cut in wheeling charges to below Rs9 per unit, enabling industries to sell surplus power to neighbouring…

Read More

Power Bills Set to Rise as Consumers Face Rs1.41 per Unit Hike in February

Admin
power-transmission

ISLAMABAD: Electricity consumers across the country are likely to face higher power bills in February, as the Central Power Purchasing Agency (CPPA) on Thursday reported a net increase of Rs1.41 per unit in fuel charges compared to the current month. The development comes amid concerns from industrialists that the base electricity tariff has already gone up by Rs2–3 per unit from January 1 for the entire fiscal year. During a public hearing chaired by Nepra’s legal member Amina Ahmed, the government disclosed that it was working on a new tariff…

Read More