Day: February 17, 2026

OGDCL Boosts Oil Output at Kal-03 Well by 1,400%

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ISLAMABAD: Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production (E&P) company, has significantly enhanced oil production at its Kal-03 well, recording a massive 1,400% increase in output. The Kal-03 well is located in Chakwal district of Punjab. According to a notice submitted to the Pakistan Stock Exchange (PSX) on Monday, the surge in production follows successful operational interventions aimed at optimising the well’s performance. The development marks a major operational milestone for OGDCL and is expected to contribute positively to the company’s overall production portfolio. Industry…

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Pakistan, Netherlands Ink MoU to Boost Water Sector Cooperation and Capacity Building

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ISLAMABAD: Pakistan and the Netherlands have signed a memorandum of understanding to enhance cooperation in water resources planning, development, and integrated management, marking another step in bilateral collaboration on climate resilience and sustainable water governance. The agreement was signed between Pakistan’s Ministry of Water Resources and the IHE Delft Institute for Water Education during a two to three-day official visit by a Dutch delegation to Islamabad. The MoU focuses on strengthening the technical capacity of professionals within the ministry and its affiliated organisations, particularly in water resources planning, development strategies,…

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Lawmakers Denounce Shift from Net Metering to Net Billing, Warn of Investor Backlash

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Net-Metering

ISLAMABAD: Members of the National Assembly Standing Committee on Industries and Production strongly criticised the National Electric Power Regulatory Authority (Nepra) on Monday over its decision to replace net metering with net billing for rooftop solar consumers, warning that the move could damage investor confidence and harm the government’s credibility. The committee, chaired by Syed Hafeezuddin, expressed serious reservations over the recent amendments to the solar policy. “This policy amendment will have serious implications for the overall reputation of the government,” the chairman said, adding that if commitments to independent…

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NA Panel Criticises Nepra Over Net Metering Shift, Warns of Investor Confidence Erosion

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Net-Metering

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) faced strong criticism from lawmakers on Monday over its recent decision to replace net metering with net billing for solar consumers, with parliamentarians warning that the move could undermine investor confidence and damage the government’s credibility. The issue was raised during a meeting of the National Assembly Standing Committee on Industries and Production, chaired by MQM MNA Syed Hafeezuddin. Committee members questioned the rationale behind the abrupt policy shift, arguing that it could “shatter the trust of investors in government policies”. Earlier…

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Govt Notifies Rs4.04 Per Unit Cut in Industrial Power Tariffs, Seeks Restoration of Solar Prosumers’ Rights

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ISLAMABAD: The federal government has formally notified an average reduction of Rs4.04 per unit in electricity tariffs for industrial consumers, effective from February 11, 2026, while also directing the National Electric Power Regulatory Authority (Nepra) to restore contractual rights of existing net-metered solar consumers. The Power Division announced revised rates across all industrial categories. However, a nominal fixed charge of Rs1,000 per month has been imposed on smaller industrial consumers (B1 category) with loads up to 25kW, similar to fixed charges recently introduced for residential users. Under the new structure,…

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